SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Lithium Carbonate Prices Ran Smoothly, the Market Continued to Wait and See

July 17 2020 14:53:43     SunSirs (John)

Price trend

According to SunSirs data monitoring: this week, the price of lithium carbonate returned to a steady state, and the spot market performance was flat. The average price of industrial grade lithium carbonate in East China on July 16 was 39,300 RMB/ton, which was flat compared with the beginning of the week and fell by 0.35% compared with July 1. The average price of battery-grade lithium carbonate in East China on July 16 was 44,700 RMB/ton, which was flat compared with the beginning of the week and increased by 1.13% compared with July 1. On the 16th, the mainstream quotation for the industrial grade lithium carbonate market was around 35,500~45,000 RMB/ton, and the mainstream quotation for the battery grade lithium carbonate market was around 40,500~48,000 RMB/ton.

Analysis review

This week, the market price of lithium carbonate is relatively stable, and spot transactions have not significantly improved for the time being. Some large manufacturers have signed long orders to ensure sales volume and cash flow. With the advent of downstream production resumption, the demand has gradually improved, which has also increased the consumption of lithium carbonate, and lithium carbonate prices have begun to bottom out and show signs of rebound. However, the current lithium carbonate manufacturers are still in a wait-and-see state. Upstream suppliers still expect a firm price. However, downstream material factories are still cautious about the current price trend, and the two sides maintain a game state.

Judging from the current situation, the downstream power and energy storage market experienced a large increase in July, the bargaining power of the lithium iron phosphate market is weak, and the market competition is fierce. The price can only be increased with the price of raw materials. The market is mostly watching the prices of raw materials, and the downstream demand has only increased slightly, making it difficult to support the increase in the prices of precursors and ternary materials.

According to the price monitoring of SunSirs, on July 15, 2020, there were 7 commodities in the chemical sector that rose in the commodity price list, and the top three commodities were dichloromethane (2.36%) and epichlorohydrin (1.71) %), ethanol (0.83%).There were 16 kinds of commodities that decreased sequentially, and 1 kind of commodities that fell more than 5%, accounting for 1.1% of the monitored commodities in this sector; the top 3 products that fell were bisphenol A (-8.34%) and silicone DMC ( -2.17%), butanone (-2.02%).

Market outlook

Lithium carbonate analysts of SunSirs believe that the price of lithium carbonate has been running steadily in recent days, and the market has a slight willingness to increase prices. However, the wait-and-see mood of the manufacturers is still strong. It is expected that the price of lithium carbonate will continue to fluctuate and maintain stability in the short term, and the downstream bargaining power will remain.

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

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products