According to the data of SunSirs’ list, the lithium carbonate market has been operating weakly recently.
Product: According to the price monitoring of SunSirs, the average price of industrial grade lithium carbonate in East China on May 20 was 41,200 RMB/ton, which was 1.90% lower than April 20 and 7.21% lower than January 1. The average price of battery-grade lithium carbonate in eastern China on May 20 was 45,200 RMB/ton, which was 3.21% lower than April 20 and 11.37% lower than January 1. At present, the mainstream quotation of the industrial grade lithium carbonate market is around 38,000 ~ 45,000 RMB/ton, and the mainstream quotation of the battery grade lithium carbonate market is around 42,000 ~ 48,000 RMB/ton.
Industry chain: According to the data of SunSirs, the price of the downstream lithium hydroxide market has recently been reduced (May 11-19). As of the 19th, the average price of domestic industrial-grade lithium hydroxide enterprises was 55,666.67 RMB/ton, which was a decrease of 2.34% compared with May 1st, with a half-year cycle, a decrease of 17.73%.
Industry: According to the price monitoring of SunSirs, there were 21 kinds of commodities rising in the chemical sector of the rise and fall list of bulk commodity prices on May 19, 2020, among which there were 2 kinds of commodities with an increase rate of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 commodities with an increase rate were hydrogen peroxide (7.11%), isopropanol (5.17%) and R22 (4.49%).There were 13 kinds of commodities that fell sequentially, and the top three products were light soda ash (-3.75%), formic acid (-2.42%) and phosphate rock (-1.67%). The average daily increase or decrease was 0.36%.
Lithium carbonate analysts of Sunsirs believe that the current downstream demand is weak, the market turnover is limited, and the price is slightly lower. It is expected that the price of lithium carbonate will be low-side consolidation and wait-and-see operation in the short term.
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