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Lithium mines: The trading atmosphere in the downstream market is relatively cold
Lithium ore has fallen to a low level, which is generally unacceptable to cargo holders, and the current willingness is extremely low. The downstream market is still small every day, the trading atmosphere is cold, and the supply and demand game between buyers and sellers is in the game. It is expected that the lithium mine will run weakly in the short term.
Lithium salt: Lithium salt narrowed the decline and temporarily stabilized operation near the weekend
This week, lithium carbonate ** weakly fell slightly, the spot market bulk cargo**, the new reference 2407 contract**, some futures and spot ** merchants have the willingness to ship at a discount, but the actual transaction is limited. It is expected that the lithium salt will run weakly and steadily in the short term.
Hot Spots
1.Lithium salt plant production operating rate and inventory.
2.Lithium market transaction activity and spot inventory increase and decrease.
part.Lithium salts
2.1 Analysis
Lithium Mine:Lithium ore *** 50-200 yuan tonnage in a week. The downstream lithium salt market is weak and weak, the demand for raw materials has been declining, and the domestic mica mine has been reduced and stopped due to cost problems. In terms of overseas mines, due to the reduction of freight and other cost issues, concentrators have been built in Africa to reduce freight costs and improve the quality of ore itself. At present, there has been an increase in downstream inquiries, but due to concerns such as low bids and limited rigid demand, there are few transactions, and the willingness to ship at the mine end continues to decline. Under the situation of weak supply and demand, it is expected that lithium mines will continue to operate weakly.
Lithium saltsLithium carbonate ** decreased by 3000-5000 yuan during the week, compared with 3 last week11%-4.65%；Lithium hydroxide** down 08-10,000 yuan, compared with last week's **865%-9.90%。Lithium carbonate ** narrowed this week, slightly**, the circulation of industrial carbon is looser than that of electric carbon, and the market trading interest is low. At present, most of the large lithium salt smelting plants maintain normal production, and the small lithium salt factories in Jiangxi Province have successively reduced production and stopped production after not receiving OEM orders in December. On the demand side, the downstream operating rate of iron and lithium has been greatly reduced, the terminal has gone to the warehouse, the bearish sentiment continues, the transaction is deadlocked, and the lithium carbonate ** is temporarily running steadily near the weekend, and it is expected that the lithium salt ** will maintain a weak and stable trend in the short term.
.2 Spread analysis
This week, the price difference between battery-grade lithium carbonate and industrial-grade lithium carbonate was 9,000 yuan, and the lithium carbonate ** was running weakly during the week, the spot market circulation was poor, and the price difference between battery-grade lithium carbonate and industrial-grade lithium carbonate was reduced. This week, the price difference between battery-grade lithium carbonate and battery-grade lithium hydroxide is 1150,000 tons.
3 Lithium ore stockpiles
According to incomplete statistics from Mysteel, as of December 22, the lithium ore inventory in ports and domestic warehouses was 1330,000 tons, down 080,000 tons. The spot at the port decreased slightly, because some manufacturers were forced to ship in small quantities due to the pressure of capital turnover. Due to the cost problem, some Jiangxi lepidolite mines have reduced production and production, and the mica spot in Jiangxi has been tightened. At present, 35% of the current spot inventory is more than 4% grade.
4 Cost and profit
Lithium carbonateThis week's spodumene concentrate 6% CIF** was $1,400 tonnes, down $50 from last week. Battery-grade lithium carbonate narrowed during the week, and the RMB exchange rate rose to 713. The cost of battery-grade lithium carbonate corresponding to spodumene concentrate in Australia dropped to 13200,000 tons or so, the spot profit is -1350,000 tons, the cost of external mining stone continues to invert.
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