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Lithium prices stable but trending up slightly,

According to the data monitoring of the business agency: after the May 1st holiday, the price of lithium carbonate rose slightly, but there were also some companies whose prices fell slightly. On May 12, the average price of industrial-grade lithium carbonate in East China was 87,000 yuan/ton, a 0.46% increase compared with the beginning of the month (the average price of industrial-grade lithium carbonate in East China was 86,600 yuan/ton on May 1). The average price of battery-grade lithium carbonate in East China on May 12 was 90,600 yuan/ton, a 0.67% increase compared with the beginning of the week (the average price of battery-grade lithium carbonate in East China was 90,000 yuan/ton on April 18). On the 12th, the comprehensive quotation of the industrial grade lithium carbonate market was around 82,000~90,000 yuan/ton, and the comprehensive quotation of the battery-grade lithium carbonate market was around 85,000~92,000 yuan/ton.

　　From the observation of market changes, the price of lithium carbonate declined slightly at the end of April, but after the May 1st holiday, the price rose again. It can be seen that the price of lithium carbonate has been in a state of consolidation in the recent period, and the fluctuations in the price are mostly caused by companies in order to increase shipments. It is understood that the current supply of lithium carbonate in the market is relatively good, and there has been a shortage of battery-grade lithium carbonate supply in the near future.

　　The downstream domestic industrial-grade lithium hydroxide market maintains a stable operation trend, and companies mainly deliver pre-orders. At present, the cost side has certain support, and the market atmosphere is fair. As for lithium iron phosphate, the recent price is also in a stable state. As the development trend of new electric vehicles is becoming increasingly apparent, marine ships and vehicles are developing rapidly, and there is huge room for development in the field of backup power storage. This shows that the market position of lithium iron phosphate will be in the future. Will be further improved.

　　The Lithium Carbonate Commodity Index on May 11 was 221.66, the same as yesterday, a 45.28% decrease from the highest point in the cycle at 405.10 points (2018-01-07), and an increase of 124.94% from the 98.54 point lowest on October 16, 2014. (Note: Period refers to 2011-09-01 to present)

　　Lithium carbonate analysts of the Business Society believe that the recent supply of lithium carbonate in the market is relatively good, and some companies have experienced a slight fluctuation phenomenon, but most of the prices are in a stable state, and it is expected that the price of lithium carbonate may remain stable in the short term.

　　(Source: Business Club)