-January weak oscillation of lithium carbonate, short-term stabilization operation

January weak oscillation of lithium carbonate, short-term stabilization operation
author:enerbyte source:本站 click84 Release date: 2024-02-19 09:58:05
abstract:
According to the monitoring of the commodity market analysis system of Shengyishe, the prices of industrial grade and battery grade lithium carbonate remained stable and fluctuated weakly in January. On January 30th, the average domestic mixed price of industrial grade lithium carbonate was 91400 yu...

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According to the monitoring of the commodity market analysis system of Shengyishe, the prices of industrial grade and battery grade lithium carbonate remained stable and fluctuated weakly in January. On January 30th, the average domestic mixed price of industrial grade lithium carbonate was 91400 yuan/ton, a decrease of 2.77% compared to the average price of 94000 yuan/ton on January 1st. On January 28th, the average domestic mixed price of battery grade lithium carbonate was 100800 yuan/ton, a decrease of 2.14% compared to the average price of 103000 yuan/ton on January 1st.

By observing market changes, it can be seen that the price of lithium carbonate gradually stabilized in early January, and the decline in price continued to decrease. Most companies mainly offered stable prices. In terms of supply, domestic lithium salt manufacturers are still stable in production, and some lithium salt enterprises with smaller production capacity in certain regions have gradually entered a state of production reduction and shutdown since January, resulting in a decrease in the supply of lithium carbonate in the market. After the New Year holiday, some lithium salt companies have reduced their shipping pressure, but their willingness to ship individual items remains sluggish, resulting in a slowdown in the decline in lithium carbonate prices.

In terms of demand, against the backdrop of the decline in spot prices of lithium carbonate and the expected reduction in orders, most positive electrode material companies maintain a low raw material inventory management strategy. There is no willingness to purchase bulk lithium carbonate at high prices in downstream and terminal markets. Some ternary material companies have seen a slight increase in procurement driven by recent orders, while most downstream companies such as positive electrodes have reported no demand for replenishment in the short term. In addition, the overall focus of the market is still showing a downward trend, and market transactions are extremely light. There is a significant price difference between buyers and sellers, and actual transactions are very few.

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In late January, the price of lithium carbonate remained stable with slight fluctuations and slightly declined. In terms of supply, with the approaching Spring Festival holiday and the maintenance season of lithium salt factories, lithium salt enterprises did not have any pressure to ship, and their reluctance to sell remained. Lithium salt factories maintained a positive price attitude. In terms of demand, due to the suspension of logistics during the Spring Festival period, enterprises have made purchases in advance to ensure the supply of orders in February. Therefore, inquiry behavior has been relatively active recently, but the actual increase in transaction volume is relatively limited, and the willingness to accept high priced lithium carbonate is still low.

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The market situation of lithium hydroxide is weak and wait-and-see, with some companies lowering their high quotations. With the temporary stability of the upstream industrial grade lithium carbonate market, the price of upstream spodumene concentrate is weak and stable, and the cost support is average. The supply side mainly digests inventory, and the downstream demand for high nickel materials is poor. The pattern of strong supply and weak demand continues, and the lithium hydroxide market is operating under pressure.

The downstream price of lithium iron phosphate remains weak and downward, and the overall market negotiation atmosphere is lukewarm. Due to insufficient downstream demand, slow shipments, high inventory levels, stable operating rates, and manufacturers operating under pressure, there is a clear pessimistic attitude. Downstream replenishment is mainly based on demand, with main supply contract customers and overcapacity. The lithium battery market has a strong wait-and-see atmosphere.

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In terms of futures, the price of lithium carbonate futures in January was basically in a range of fluctuations and consolidation. On January 30th, the opening price of the LC2407 contract for lithium carbonate futures on the Guangzhou Futures Exchange was 101950 yuan/ton, the highest price was 102500 yuan/ton, and the closing price was 101000 yuan/ton, with a daily decline of 0.54%. The trading volume was 54900 lots and the position was 141118 lots.

According to lithium carbonate analysts from Business Society, the market is currently in the early stage of the Spring Festival holiday, with producers and traders mainly offering stable prices. There is a slight willingness to replenish inventory in the downstream market recently, but the acceptance of high priced lithium carbonate is relatively low, so transactions are still relatively low. Short term procurement demand is difficult to see an increase, and it is expected that the price of lithium carbonate will stabilize in the short term.

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