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SunSirs: Enquiries Have Increased and The Lithium Carbonate Market Is Temporarily Stable
March 19 2020 11:05:46SunSirs(John)

Price trend

The lithium carbonate commodity index on March 17 was 112.61, which was the same as the previous day, a 72.20% decrease from the highest point of the cycle at 405.10 (2018-01-07) and an increase of 14.28% from the lowest point at 98.54 on October 16, 2014. (Note: Period refers to 2011-09-01 to now)

 

Analysis review   

Product: On the 18th, the lithium carbonate market was temporarily stable. According to the price monitoring of SunSirs, the average price of industrial grade lithium carbonate in East China on March 18 was 44,200 RMB/ton, which was flat compared with March 17 and down 36.86% compared with the same period last year. On March 18, the average price of battery-level lithium carbonate in East China was 51,200 RMB/ton, which was the same as March 17 and fell 36.32% compared with the same period last year. At present, the mainstream price of the industrial grade lithium carbonate market is around 40,000 ~ 47,000 RMB/ton, and the mainstream price of the battery grade lithium carbonate market is around 48,000 ~ 52,000 RMB/ton.

Industry: According to the price monitoring of SunSirs, on March 17, 2020, there were 12 kinds of commodities in the chemical industry sector of the list of rise and fall of bulk commodity prices, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities are isopropanol (14.67%), nitric acid (3.33%) and acetic anhydride (3.18%). There were 21 types of products that fell month-on-month, and 1 type of products with a decline of more than 5%, which accounted for 1.1% of the number of monitored products in this sector. The top 3 products were chloroform (-10.53%) and styrene (- 3.78%), propane (-3.65%). The average daily rate of change was -0.17%.

 

Market outlook

SunSirs lithium carbonate analysts believe that downstream construction has begun, market enquiries have increased, and the atmosphere is positive. It is expected that in the short term, the industrial lithium carbonate market will continue to operate strongly. The current demand for the downstream power market is slowly recovering. It is expected that in the short term, the battery-level lithium carbonate market will consolidate and wait and see. It will need to focus on cost and downstream demand.

 

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

 

 

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