According to the monitoring of the commodity market analysis system of Business Society, the prices of industrial grade lithium carbonate and battery grade lithium carbonate have stopped rising and falling this week. On May 16th, the average domestic mixed price of industrial grade lithium carbonate was 106800 yuan/ton, a decrease of 2.2% compared to the average price of 109200 yuan/ton on May 12th. On May 16th, the average domestic mixed price of battery grade lithium carbonate was 113000 yuan/ton, a decrease of 2.75% compared to the average price of 116200 yuan/ton on May 12th.
By observing market changes, it can be seen that the spot market for lithium carbonate has shown a weak decline this week. In terms of supply, the current domestic production of lithium carbonate continues to increase from April to May. The production in April was approximately 52500 tons, an increase of 23% compared to the previous month. In addition, the synchronous increase in the amount of imported lithium carbonate has led to a significant increase in the supply of lithium carbonate. In a state of relatively sufficient market supply, although lithium salt production enterprises are still relatively conservative in individual unit prices, they have slightly lowered their prices in response to market sentiment, and some traders have also simultaneously lowered their prices.
In terms of demand, at the beginning of the week, some downstream positive electrode companies made a small amount of bulk purchases due to price fluctuations, resulting in an increase in market trading volume. However, some downstream enterprises still do not have the willingness to replenish spot inventory due to their sufficient lithium carbonate inventory, increased customer supply, and stable long-term cooperation. In addition, the market is relatively bearish on short-term prices, and it is still in a wait-and-see situation at present.
The market situation of lithium hydroxide is mainly stable, and the price of spodumene concentrate has recently decreased narrowly. This week, the price of lithium carbonate is weak and downward, with weak cost support. Large factories mainly deliver long-term orders, and the performance of the new energy and energy storage market is still good. Downstream ternary enterprises mainly consume inventory on the demand side, and high nickel demand is average. The market transaction atmosphere is flat, and the focus of negotiations in the lithium hydroxide market is stable but weak.
The downstream price of lithium iron phosphate remains stable with a weak trend. The upstream price of iron phosphate remains mainly stable, while the price of lithium carbonate has declined. The cost support for lithium iron phosphate is average, but downstream demand is poor. The current trend of lithium iron phosphate has been maintained, and the price fluctuation range is limited. Therefore, it is mainly a wait-and-see approach.
In terms of futures, the price of lithium carbonate futures has been declining for several consecutive days this week, and has slightly rebounded towards the weekend. On May 16th, the opening price of the LC2407 main contract was 103800 yuan/ton, the closing price was 104000 yuan/ton, and the highest price was 104950 yuan/ton, with a daily increase of 0.39%. The transaction volume was 100700 lots and the position was 197287 lots.
According to analysts from Shengyishe Lithium Carbonate, with both domestic production and overseas imports of lithium carbonate increasing, the inventory of lithium carbonate in the market is still relatively high. With the downward trend of prices, the market trading volume has increased, but the focus of transaction prices still has a slight downward trend. It is expected that the short-term spot price of lithium carbonate will still have a bearish trend.
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