Today, the average price of lithium carbonate fell 1000 yuan to 495000 yuan per ton and the price gap between lithium hydroxide and lithium hydroxide further narrowed [SMM Express]

Telah Terbit: Apr 14, 2022 14:43
Sumber: SMM

SMM April 14: according to the spot quotation of SMM, the price of domestic battery-grade lithium carbonate fell again today, and its spot price has dropped to 490000-500000 yuan / ton, with an average price of 495000 yuan / ton, down 1000 yuan / ton compared with yesterday. As of today, the average spot price of domestic battery-grade lithium carbonate has fallen for the fifth day in a row, with its average price of 495000 yuan / ton down 11000 yuan / ton from 506000 yuan / ton on April 7, a drop of 2.17%.

"Click to view the spot market of SMM new energy products.

Unlike lithium carbonate, which has fallen one after another, battery-grade lithium hydroxide has been stable at 491500 yuan / ton since March 22. As the price of lithium carbonate continues to fall, the price gap between lithium carbonate and lithium hydroxide is gradually narrowing.

For the recent continued downward price of lithium carbonate, the latest SMM research shows that due to the impact of low-price shipments of salt lake enterprises last week, the mainstream upstream major manufacturers do not have public quotations, but the price confidence has been shaken to a certain extent. The shipping attitude of some small and medium-sized factories is more positive, and the acceptable trading range has been significantly reduced; some traders in the downward market, quotations are also constantly exploring low. On the contrary, downstream manufacturers are mostly taking a wait-and-see attitude, and they are dissatisfied with the rising prices of large manufacturers, and the purchasing priority has also been adjusted, superimposed on the fundamentals of increasing supply and decreasing demand, and the overall game balance is gradually tilting downstream, leading to the downward price of lithium carbonate.

As for lithium hydroxide, at present, large upstream manufacturers have no plans to adjust prices for the time being, and downstream procurement at this time due to unknown expectations of follow-up orders in May, superimposed lithium carbonate opened a downward trend, a heavier wait-and-see mood, less market transactions, and mostly shipments from traders. "View details

SMM historical prices show that from the beginning of 2022 to March 31, the average spot price of domestic battery-grade lithium carbonate rose from 278000 yuan / ton to 502500 yuan / ton, an increase of 80.75%.

It is precisely due to the sharp rise in the price of lithium salts such as lithium carbonate that many lithium salt-related companies have recently issued a forecast of first-quarter results in 2022. Prior to this, Salt Lake Lithium extraction concept shares-Salt Lake shares and Zangge Mining have jointly issued performance forecasts for the first quarter of 2022, both with good results. Salt Lake shares during the reporting period by virtue of rising market prices of potassium chloride and lithium carbonate and other products, net profit is expected to increase 334.98% 347.59% compared with the same period last year; while Zangge Mining II subsidiary Zangge Lithium Carbonate products sales prices continued to rise during the reporting period, also led to a sharp rise in the company's profits. "View details

Yesterday night, Jiangte Motor also issued a forecast of its first quarter results in 2022. According to the announcement, the company expects the net profit attributed to shareholders of listed companies to be between 630 million and 680 million yuan in the first quarter, an increase of 760.96% to 829.29% over the same period last year.

The rise in the price of lithium products also contributed to the substantial increase in performance during the reporting period. Jiangte Motor said that during the reporting period, the external environment of lithium salt business continued to improve, the demand for lithium salt from downstream customers increased, the price of lithium salt products increased significantly, and the business profit of the company's lithium salt industry increased significantly compared with the same period last year.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

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Today, the average price of lithium carbonate fell 1000 yuan to 495000 yuan per ton and the price gap between lithium hydroxide and lithium hydroxide further narrowed [SMM Express] - Shanghai Metals Market (SMM)