Weekly Review of Lithium Carbonate

Published: Apr 26, 2024 22:12

Source: SMM

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Recently, the overall volatility of spot lithium carbonate prices has slowed down. On the supply side, lithium salt producers are still maintaining a gradual recovery pace in production. It is expected that the import volume of lithium carbonate from overseas will also remain at a high level compared to March, indicating an overall recovery trend in the supply side. However, in the short term, there has been no significant change in the overall sentiment of scattered sales in the lithium salt market, which has limited the liquidity of spot market transactions during the low-price period.

On the demand side, downstream enterprises such as cathode manufacturers have indicated that they have only made purchases during periods of low prices to supplement scattered supply. Some companies have mentioned that their raw material stocking for the May Day holiday is nearing completion. However, during periods of high prices, downstream enterprises have shown little willingness to purchase, leading to a situation where there is demand but no market.

The buying and selling attitudes of both supply and demand sides have jointly restricted the overall volatility of lithium carbonate prices. With the continued recovery in the supply side, it is expected that there may be some upward resistance to lithium carbonate prices in the future.

Market review

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