News summary

Lithium carbonate futures closed down in shock, while spot transactions were lightonlineroulettesites; China's imports of lithium carbonate increased by 87% in April, output increased month-on-month, and inventories accumulated; lithium prices lacked upward momentum, and investors were advised to go to high altitudes.

Newsletter text

[Lithium prices are under pressure and market supply is recovering rapidly]

Recently, lithium carbonate futures showed a volatile closing trend. Yabao Company finalized the bidding for lithium carbonate this month, with a price of 10onlineroulettesitesThe transaction price of.690,000 yuan/ton was the same as the spot price and had little impact on the market. Although total open positions increased slightly, trading volume continued to decrease, and the positive spread shrank to-600. At the same time, both spot electronic carbon prices and industrial-grade carbon prices remained stable, indicating a sluggish transaction atmosphere in the spot market.

China's lithium carbonate imports in April were approximately 21204 tons, an increase of 11% compared with the previous month and an increase of 87% year-on-year, indicating that import replenishment is still strong.

The latest data shows that China's weekly output of lithium carbonate reached 14224 tons, a month-on-month increase of 3.86%, which is at a historical high. The profits of purchased lepidolite and spodumene were 8159 yuan and 1883 yuan respectively, which showed the high enthusiasm of the lithium salt plant to start construction and indicated a sharp rebound in supply in May. However, power battery production fell month-on-month in May due to the large number of vehicle inventories. Although energy storage battery production and sales remained high, the growth rate of energy storage cells may slow down as mid-year stock reserves come to an end.

The cumulative volume of lithium carbonate increased by 2494 tons last week to 87049 tons. The expectation of cumulative storage has gradually become a reality, putting certain pressure on lithium prices. Faced with the current market supply and demand situation, investors should consider high-altitude strategies.