1、 Price trend of lithium carbonate:
(Figure: P value curve of lithium carbonate product)
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2、 Market analysis:
Product: according to the price monitoring of the business agency, the market of lithium carbonate fell on the 23rd. Production enterprises have resumed work one after another, the market operating rate has gradually increased, the supply has increased, downstream users just need to purchase, and some enterprises have lowered prices. The recovery of power market demand is not as expected, and the market atmosphere of battery grade lithium carbonate is weak. On March 23, the average price of industrial grade lithium carbonate in East China was 43600 yuan / ton, down 1.36% compared with last Friday and 37.54% compared with the same period last year. On March 23, the average price of battery grade lithium carbonate in East China was 50200 yuan / ton, down 1.95% compared with last Friday and 37.41% compared with the same period last year. At present, the main quotation of industrial lithium carbonate market is around 40000-47000 yuan / ton, and that of battery lithium carbonate market is around 47000-52000 yuan / ton.
On March 23, the lithium carbonate commodity index was 111.08, down 1.53 points from yesterday, down 72.58% from 405.10 (2018-01-07), the highest point in the cycle, and up 12.73% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)
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Industry: according to the price monitoring of the business agency, there are five commodities in the list of commodity price rise and fall on March 23, 2020, among which the top three commodities are isopropanol (1.27%), acetone (1.15%) and potassium sulfate (0.88%). There are a total of 33 kinds of commodities with a decline of more than 5%, and 6 kinds of commodities with a decline of more than 5%, accounting for 6.9% of the monitored commodities in this sector; the products with the top 3 falls are styrene (-10.65%), organosilicon DMC (-6.73%) and n-butanol (industrial grade) (-6.29%). The average price of this day is – 0.95%.
3、 Future forecast:
Analysts of lithium carbonate of business club believe that in the short term, the market of lithium carbonate is expected to be mainly consolidated and operated, and more attention should be paid to the information guidance of supply and demand.
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