1、 Price trend of lithium carbonate:

2、 Market analysis:

Product: according to the price monitoring of the business agency, this week’s lithium carbonate market is dominated by stable operation, with some enterprises’ quotations increased. The main reason for this increase is that the current inventory is low, but the market demand is large. In addition, affected by the epidemic, logistics costs have increased. As of February 16, the average price of industrial grade lithium carbonate in East China was 43900 yuan / ton, up 1.39% compared with the beginning of the week. On February 16, the average price of battery grade lithium carbonate in East China was 51200 yuan / ton, up 0.79% compared with that at the beginning of the week.

On February 16, the lithium carbonate commodity index was 111.85, unchanged from yesterday, down 72.39% from 405.10 (2018-01-07), the highest point in the cycle, and up 13.51% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industry: according to the price monitoring of the business agency, in the sixth week of 2020 (2.10-2.14), there are 16 kinds of commodities rising month on month in the list of commodity prices in the chemical sector. The top three commodities rising are dichloromethane (5.00%), polyaluminium chloride (3.54%) and propane (3.38%). There are 18 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 13.52%), propylene oxide (- 5.11%) and liquid ammonia (- 4.89%). This week’s average was – 0.26%.

3、 Future forecast:

According to the lithium carbonate analyst of business association, due to the delay of most of the factory’s resumption of work, the main reason is the consumption of inventory, and certain restrictions on transportation, the price of lithium carbonate rises slightly. In the later stage, with the resumption of production and the increase of market supply, the price of lithium carbonate may stabilize, and more attention should be paid to the information guidance of the enterprise’s commencement and logistics transportation.