1、 Price trend of lithium carbonate:

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

Product: according to the price monitoring of the business agency, the market of lithium carbonate is in a weak position in the near future. Power terminal consumption recovered slowly, demand was lower than expected, manufacturers’ shipment was under pressure, downstream bargaining power was strong, and the focus of lithium carbonate market negotiation was lowered. As of April 14, the average price of industrial grade lithium carbonate in East China was 43000 yuan / ton, down 1.38% compared with April 1 and 37.5% compared with the same period last year. On April 14, the average price of battery grade lithium carbonate in East China was 48000 yuan / ton, down 3.61% compared with April 1 and 39.55% compared with the same period last year.

On April 13, the lithium carbonate commodity index was 109.55, down 1.53 points from yesterday, down 72.96% from 405.10 (2018-01-07), and up 11.17% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industry: according to the price monitoring of the business agency, on April 13, 2020, in the list of commodity prices, there are 26 kinds of commodities in the chemical sector, including 9 kinds of commodities with an increase rate of more than 5%, accounting for 10.3% of the number of commodities monitored in the sector; the top three commodities are propylene (58.56%), acetone (27.27%) and propane (24.94%). There are 13 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 8.62%), hydrogen peroxide (- 6.64%), and R22 (- 2.80%). This day, the average rise and fall was 2.13%.

3、 Future forecast:

According to analysts of lithium carbonate of business association, the current downstream demand is weak, and the supply and demand situation of the market is still not significantly improved. It is expected that in the short term, the lithium carbonate market will be dominated by weak consolidation and operation, and more attention should be paid to the cost and the operating rate of production enterprises.