SMM May 27th Lithium manganate spot comment: today Lithium manganate (power type) price is 3.35-35500 yuan / ton, the average price is 34500 yuan / ton, there is almost no transaction in the power market, the price remains the same; Lithium manganate (capacity type) price is 2.15-29000 yuan / ton, recently a small number of enterprises reduced prices slightly, the overall price fluctuated in the range.
The decline in lithium carbonate prices slowed this week, downstream demand continued to be weak, domestic orders remained unchanged, overseas demand has not recovered, market transactions tend to be flat, prices remain low. Lithium manganate is greatly affected by overseas Indian markets. At present, India is tentatively scheduled to lift the ban on May 31. If customs can be opened on time, Indian factories will also need time to gradually resume work. It is expected that lithium manganate materials will have to wait for another two months. Overall, the overall output of the lithium manganate market is expected to halve from May to July, and a small number of enterprises have stopped production in early May, waiting for downstream demand to recover.