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Lithium:

Lithium carbonate prices continued to decline this week.

At present, the market is still in a situation of oversupply, and although some lithium salt plants are expected to reduce production and stop production, the overall inventory level is still at a high level.

In addition, downstream delivery willingness is still weak, making it difficult for large quantities of individual orders to be traded.

It is expected that in the future, due to the oversupply pattern, some low-priced selling behavior in the market will continue to lower spot prices, and there is still a certain possibility of a decline in lithium carbonate prices.

The price decline of lithium hydroxide has widened this week.

In terms of domestic prices, due to the continuous influx of low-priced goods from the harsh end, the overall market price has been lowered.

Although some large manufacturers' quotations remain firm, there is still significant pressure on high priced transactions due to the weakening downstream procurement demand, resulting in a downward trend in mainstream lithium hydroxide prices.

In terms of overseas prices, due to the impact of low domestic prices and weak overseas demand, it is difficult to maintain overseas prices, and it is expected to maintain a downward trend in the future.

Cobalt:

The price of cobalt in electricity has slightly declined this week.

The new production line for cobalt electricity at the supply end has not yet fully put into operation, but after the completion of delivery and storage, there has been an increase in spot cobalt electricity in the market, resulting in an increase in supply; The downstream magnetic materials and high-temperature alloy market for demand side cobalt still performs poorly.

This week, the factory prices of major cobalt manufacturers have been lowered, and traders are following the market's quotation. In the current situation of oversupply, it is expected that the price of cobalt will continue to fall next week.

The price of cobalt intermediate products has been lowered this week.

From the demand side, the cobalt salt smelter still has intermediate inventory and no purchasing intention. From a cost perspective, overseas electricity cobalt prices are under pressure this week, and the cobalt hydroxide coefficient index has been lowered.

Therefore, the price of cobalt intermediate products is expected to decline slightly this week.

The price of cobalt sulfate continued to decline this week.

From the demand side, downstream demand continues to be weak, and precursor factories still have a certain amount of cobalt sulfate inventory and poor operating rates, with no procurement plans.

From the supply side, the price has declined. The traders who hoarded goods at a low price in the early stage dumped goods, further driving down the market price. At the same time, the willingness of cobalt salt plants to support prices has gradually declined. The entire market is in a state of "price without market", and prices are expected to continue to decline in the future.

The price of cobalt oxide slightly decreased this Thursday.

Recently, the prices of cobalt chloride and cobalt sulfate raw materials have decreased, and the cost of cobalt tetrachloride has slightly decreased; The weak demand in the domestic digital market has led to poor demand for lithium cobalt oxide positive electrodes, leading to a decrease in demand for cobalt.

Some cobalt manufacturers have reduced production and even shown signs of discontinuation.

Comprehensive factors have led to a downward trend in cobalt prices, and it is expected that cobalt prices will continue to decline next Thursday.

Ternary materials:

The price of yuan materials fell this Wednesday.

Driven by lithium prices, costs continue to decline, and the downstream demand side is relatively bleak. In terms of the power market, domestic demand is bleak, and the growth of overseas orders has significantly slowed down. In the zero order market, inquiries and transactions were light, and the wait-and-see sentiment remained strong despite the difficulty in stopping the decline in raw material prices.

In the future, there is still room for price decline due to cost driven expectations.

Lithium iron phosphate:

The price of lithium iron phosphate fell this week.

The impact of the price reduction of fuel vehicles at the beginning of the month has been fully evident, and consumers are becoming increasingly wait-and-see. The pace of terminal car market inventory is slow. The weakening of downstream demand has led to the accumulation of a certain amount of inventory by lithium iron phosphate enterprises.

Under inventory pressure, extreme low price shipments have occurred, but market transactions are still relatively low.

The two main raw materials, lithium carbonate and iron phosphate, continue to decline, with insufficient cost support.

Despite the lack of significant recovery in market demand and the continued decline in raw material prices, the price of lithium iron phosphate will continue to decline in the future.

Downstream and terminal:

Recently, some new energy vehicle companies have successively released their March transcripts.

From the data, multiple car companies' monthly sales have rebounded, with GAC Aian and Ideal Automobile's sales showing a strong upward trend in March, delivering 40000 and 20800 new energy vehicles respectively, with a month on month increase of 33% and 25%, and an increase of 97% and 89%, respectively.

NIO Motors and Nezha Motors also delivered over 10000 units, with 10400 and 10000 units delivered respectively.

It is worth noting that Xiaopeng Automobile delivered 7000 new energy vehicles in March, an increase of 17% compared to the previous month. The P7i model, which was launched on March 10th, gradually increased in delivery and became a pillar product of the current company.

Overall, the inventory of fuel vehicles and new energy vehicles remained high in March, with significant price fluctuations for multiple fuel models. Downstream wait-and-see sentiment was heavy, and the actual sales conversion rate was limited. It will still take some time for a complete recovery.

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