Welcome to Ganzhou Shengu Lithium New Material Technology Co., Ltd
Lithium carbonate Daily: If the market does not have a strong driving price or will be volatile weakening.
Release Time：2024-05-09
Lithium carbonate futures 2407 contract fell 1.62 to about 112000 yuan/ton yesterday. In terms of in stock prices, the average price of battery-grade lithium carbonate remained at 111900 yuan/ton, industrial-grade lithium carbonate remained at 109400 yuan/ton, and the average price of battery-grade lithium hydroxide fell by 100 yuan/ton to 100300 yuan/ton, with a base difference of about -200 yuan/ton. In terms of warehouse receipts, yesterday's warehouse receipts increased by 1850 tons to 22834 tons.
On the news side, the Ministry of Industry and Information Technology openly solicited opinions on the standard conditions and announcement management measures for the lithium battery industry (draft for soliciting opinions), which mentioned that lithium battery enterprises should be guided to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs. The draft also mentioned that the annual cost of research and development and process improvement for lithium battery enterprises is not less than 3% of the main business income. Yesterday, Yabao held a tender for the sale of 100 tons of battery-grade lithium carbonate. The final result was 111,000 yuan/ton (including tax price, raised by Meishan). On May 22, there will still be a tender plan for the sale of 100 tons of battery-grade lithium carbonate.
On the supply side, lithium carbonate production is still expected to increase in May, due to the resumption of production at the end of the large plant/salt lake overhaul and the early purchase of ore, while imports are still expected to increase. On the cost side, the cost of lithium is expected to increase on the release of tailings treatment documents. Demand side, the previous price is relatively low, the downstream has a replenishment, May positive material production growth rate slowed rapidly, some positive manufacturers procurement will also weaken, the terminal side or with the old for new policy and auto show has been pulled.
Auction/lithium ore prices are still supported, environmental issues are of great concern, while the overall supply of in stock tends to be loose, the proportion of tourists to increase after the procurement momentum weakened, if there is no strong drive, prices or will be volatile weakening.
(Source: Everbright Futures)
Related News
-24-hour service hotline-
+86 186 7973 7985
Ganzhou Shengu Lithium New Material Technology Co., Ltd.
Address: 201, Floor 2, No.23 Chuangye Avenue, Hongjin Industrial Park, Ganzhou High-tech Industrial Development Zone, Ganxian District, Ganzhou City, Jiangxi Province
Spodumene Tantalum Niobium Contact:
+86 187 2077 0580 (Yan Dehua )