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SMM May 20th Lithium manganate spot Express: the price of Lithium manganate has been slightly reduced and overseas orders have not yet been restored.
May 20,2020 13:31CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 20 Lithium manganate spot Review: today Lithium manganate (power type) price is 3.35-35500 yuan / ton, the average price is 34500 yuan / ton, the power market trading volume remains low, the price fluctuation is small; Lithium manganate (capacity type) price is 2.15-29500 yuan / ton, capacity products are greatly affected by overseas, superimposed raw material prices decline, lithium manganate prices decline slightly.

Recently, the price of lithium carbonate has declined slightly, and downstream orders are still sporadic. Some lithium manganate manufacturers have been forced to reduce prices, basically by 500mur1000 yuan / ton. The overseas epidemic situation has gradually improved, but at present, the final products have not been notified of full resumption of production, and consumer battery factories do not have a large inventory at present, waiting for overseas markets to resume work before purchasing.

The domestic digital market has not changed much compared with April, and some battery factories and terminal product enterprises in overseas markets have turned to domestic sales, most of which have reduced costs and continued to lower the price of lithium manganate materials. The orders of lithium manganate enterprises this month were maintained compared with April, with a significant reduction compared with March, a basic decrease of about 50%.

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