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SunSirs: The Market of Lithium Carbonate Was Stable Temporarily on February 19
February 20 2020 13:10:07SunSirs(John)

Analysis review   

Product: On February 19, the market of lithium carbonate was stable temporarily. According to the price monitoring of SunSirs, the average price of industrial lithium carbonate in East China on February 19 was 43900 RMB/ton, which was the same as that of yesterday, down 39.86% compared with the same period last year. On February 19, the average price of battery grade lithium carbonate in East China was 51,200 RMB/ton, which was the same as yesterday, down 38.46% compared with the same period last year. On February 19, the lithium carbonate commodity index was 111.85, unchanged from the previous day, down 72.39% from 405.10 (2018-01-07), the highest point in the cycle, and up 13.51% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: According to the price monitoring of SunSirs, on February 19, 2020, there were 10 kinds of commodities in the chemical sector that were up in the commodity price rise and fall list, among which there was one kind of commodity with an increase rate of more than 5%, accounting for 1.2% of the number of goods monitored in this sector. ; The top three commodities were ethanol (7.61%), propylene (2.51%), and calcium carbide (1.17%). There were 9 types of products that were down from the previous month. The top three products were methyl ethyl ketone (-2.66%), sulfuric acid (-2.08%), and hydrochloric acid (-1.39%). The average daily increase or decrease was 0.08%.

 

Market outlook

According to the lithium carbonate analyst of SunSirs, the production enterprises of Sichuan lithium carbonate market have started one after another, the downstream demand is still recovering, and the market trading atmosphere is light. It is expected that the market situation of lithium carbonate will be stable in the short term. 

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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