LiCarbonate Daily Analysis: March 12th

LiCarbonate Daily Analysis: March 12th:

Lithium carbonate:

Lithium carbonate prices rose slightly at the beginning of the week. In the recent market, lithium salt companies are still mainly selling based on the long-term contract, and scattered orders continue to be in a state of high prices, and the recent low price supply of industrial carbon is gradually decreasing with the end of the release of a salt lake enterprise. Although most downstream enterprises such as cathode continue to purchase low-price lithium carbonate sources, and do not have the idea of a large number of stockpiles, the focus of their bulk purchase prices has gradually increased with the sales price of lithium salt enterprises, and their commitment to high -priced lithium carbonate is still low. In addition, as the growth rate of lithium carbonate production in March is still lower than the growth rate of cathode production as a whole, it will take time for Chile's export of 16,059 tons of lithium carbonate in February to be fully converted into domestic imports due to the impact of the shipping cycle.

Lithium hydroxide:

Lithium hydroxide prices rose this week. From the perspective of market supply and demand, some leading smelters are still reluctant to sell based on the judgment of the bullish sentiment on electric hydrogen prices. On the demand side, due to the gradual decrease in the circulation of electric hydrogen in the market, the purchasing sentiment of downstream cathode manufacturers on electric hydrogen has also loosened recently, and the purchase of some cathode companies has risen slightly with the manufacturer's quotation, breaking through the 90,000 yuan mark, and the above behavior is still the main behavior in the short term.

If you would like to know more comprehensive pricing info on Lithium Carbonate. Please feel free to reach out to me:
Jean Tang : jeantang@smm.cn