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SunSirs: Lithium Carbonate Prices Fluctuated Slightly this Week (March 2-8)
March 10 2020 11:00:48SunSirs(John)

Price trend

The lithium carbonate commodity index on March 8 was 112.61, which was the same as the previous day, a 72.20% drop from the highest point of the cycle at 405.10 (2018-01-07), and a 14.28% increase from the lowest point of October 16, 2014, at 98.54. (Note: Period refers to 2011-09-01 to now)

 

Analysis review   

Product: According to the monitoring of the price of SunSirs, the price of the lithium carbonate market fluctuated slightly this week, mainly based on stability, and some companies' quotations were adjusted with fluctuations. The operating rate in some areas is insufficient, and the downstream construction is gradually improving. Inquiries have increased, and the focus of industrial grade lithium carbonate market has shifted up. As of March 8, the average price of industrial grade lithium carbonate in East China was 44,200 RMB/ton, and the average price of battery grade lithium carbonate in East China was 51,200 RMB/ton. The overall price of industrial lithium carbonate showed a slight upward trend, an increase of 0.68. %.

Industry: According to the price monitoring of SunSirs, in the 09th week of 2020 (3.2-3.6), there were 23 kinds of commodities in the chemical sector that rose in the commodity price rise and fall list, of which 2 kinds of goods increased by more than 5%, accounting for 2.3% of the number of goods monitored in this sector ; The top three commodities that increased were sulfur (8.38%), sulfuric acid (7.78%), and propylene (4.36%). There were a total of 30 commodities with a decrease from the previous month, and a total of one commodity with a decline of more than 5%, accounting for 1.1% of the number of commodities monitored in this sector. The top three products were epichlorohydrin (-6.28%), mixed xylene (-4.46%), ethanol (-4.39%). The average monthly increase or decrease was -0.35%.

 

Market outlook

The Lithium Carbonate analyst of the Business Society believes that it is expected that the lithium carbonate market will continue to operate strongly in the short term, and more attention needs to be paid to downstream demand.

 

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