1、 Price trend of lithium carbonate:

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

This week’s lithium carbonate market was slightly down. At present, the supply side is sufficient, the downstream demand is weak, the contradiction between supply and demand is prominent, market trading is not smooth, and the price is under pressure. According to the data of the business club’s bulk list, the average price of industrial grade lithium carbonate in East China on June 5 was 39900 yuan / ton, down 0.75% compared with the beginning of the week and 4.77% compared with May 5; the average price of battery grade lithium carbonate in East China on June 5 was 44000 yuan / ton, flat compared with the beginning of the week, down 5.78% compared with May 5. On May 5, the mainstream price of industrial lithium carbonate market was around 36000-45000 yuan / ton, and the mainstream price of battery lithium carbonate market was around 41000-48000 yuan / ton.

The downstream market price of lithium hydroxide is stable (6.1-6.5). The average price of domestic industrial grade lithium hydroxide enterprises as of June 5 was 55666.67 yuan / ton, which was the same as that at the beginning of the week, 2.34% lower than that on May 5, and 16.50% lower than that in half a year. The demand of downstream power lithium iron phosphate is weak and it is under pressure. According to the data monitored by the business association, as of June 5, the average price of lithium iron phosphate, an excellent power product in China, was 37000.00 yuan / ton. The recovery of the car market was slow, and lithium iron phosphate operated in a weak position. Compared with the same period last month, the price of lithium iron phosphate fell by 7.5% and 3000 yuan / ton. From May 25 to June 5, lithium iron phosphate fell by 2.63% and 1000 yuan / ton.

According to the price monitoring of the business association, on June 5, 2020, there are 21 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities are acetone (14.40%), bisphenol A (4.78%) and ethylene oxide (2.86%). There are 9 kinds of commodities falling on a month on month basis, and the top 3 products were chloroform (- 4.55%), yellow phosphorus (- 1.23%) and acetic anhydride (- 0.81%). The average price of this day is 0.38%.

3、 Future forecast:

According to analysts of lithium carbonate of business association, the weak demand transmission and the market of lithium carbonate are under pressure. However, under the influence of production cost, it is expected that the market of lithium carbonate will be weak and stable in the short term.