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According to the commodity market analysis system of the business community: the prices of industrial-grade lithium carbonate and battery-grade lithium carbonate have stabilized slightly this week. As of April 25, the average domestic blended price of industrial-grade lithium carbonate was 108,400 yuan/ton, down 0.55% from the average price of 109,000 yuan/ton on April 21, and the average domestic blended price of battery-grade lithium carbonate was 115,400 yuan/ton, down 0.35% from the average price of 115,800 yuan/ton on April 21.
On the supply side: Customs data shows that domestic lithium carbonate imports in March were about 19,043 tons, an increase of about 64% month-on-month, and the growth rate of domestic lithium carbonate imports was more obvious. With the rise of domestic temperature, the mining and production of lithium salt are relatively smooth, except for long-term orders, lithium salt enterprises as a whole continue to sell bulk orders with a high price attitude, and the price of bulk orders has not changed significantly.
On the demand side: At present, downstream enterprises such as cathode have purchased and supplemented lithium carbonate sources due to the low price in the early stage, and they have no willingness to follow the increase in procurement after the price of trading enterprises in the current market has risen. Most of the companies have completed the stocking during the subsequent May Day period, and there is no urgent purchase idea at the moment, and the overall wait-and-see wait for the market to appear lower or more favorable prices before buying, resulting in the overall market scattered order transaction situation is relatively light.
The downstream lithium hydroxide market fluctuated in a narrow range. Recently, due to the decline in lithium carbonate prices, some smelting enterprises have been driven by the resonance of their emotions and cost factors, and the prices have declined. At present, the inventory of the lithium hydroxide industry is at a relatively low level, and smelters are generally hoarding and reluctant to sell. The demand for downstream high nickel has grown steadily, and due to the approaching May Day holiday, the market will have nearly a week of transportation restrictions, which to a certain extent has triggered the phenomenon of phased pre-holiday stocking of some downstream cathode enterprises, and the purchase volume of rigid demand has increased.
Downstream lithium iron phosphate prices are running smoothly. Due to the recent multi-dimensional stability of the prices of raw materials iron phosphate and lithium carbonate, the price of lithium iron phosphate is temporarily stable. However, the discount for the purchase of lithium iron phosphate by the downstream head battery cell factories is still low, and the cathode factories are also more inclined to customer supply. In addition, the export volume of lithium iron phosphate has increased, and the market demand support is relatively favorable.
Futures: Recently, the lithium carbonate futures market has fluctuated slightly. On April 26, the main lithium carbonate futures (LC2407) contract fell 1.62% intraday to 109,100 yuan, with a turnover of 976 million yuan.
To sum up: Qu Lin, an analyst at the business club, believes that from the current supply and demand situation, some lithium salt companies still have a strong attitude towards individual prices. However, the downstream market has basically completed the procurement of raw materials during the May Day holiday, resulting in a slight decline in the overall transaction price center of gravity in the spot market, and the market has no urgent purchase ideas, and it is expected that the short-term lithium carbonate spot price will remain stable, and wait and see the changes in demand.