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Lithium mines: The lithium mine market is still recovering, and the overall trading is relatively flat
Due to the low operating rate of the downstream, the overall situation of the lithium mine market is not as good as before the holiday. It is difficult for the upstream and downstream to reach an agreement on the current situation, and the industry generally still has a wait-and-see attitude, and the demand is not urgent, and there are no factors affecting the volatility of the fundamentals. It is expected that the lithium mine will be temporarily stable in the short term.
Lithium salt: The market trading atmosphere is flat, and lithium salt ** is temporarily stable
After the year, some lithium salt plants have resumed work, but less, the market is dominated by business, due to the Jiangxi environmental protection incident in the week, the disk has risen rapidly, but downstream enterprises buy on demand, and have a wait-and-see attitude towards high, and it is expected that lithium salt will be weak in the short term.
Hot concerns
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:During the week, the domestic lithium ore spot ** was basically stable, and the Australian concentrate CIF** was basically stable. Due to the small fluctuation of downstream lithium salts, and there is no news affecting lithium mines in the market, ** has basically stabilized recently. The ore ** in some parts of the country is waiting for the latest ** release of the local large-scale mine after the year before adjustment, and the current general wait-and-see attitude is low, and the willingness to enter the market is low. Due to the low operating rate of lithium salt factories and limited demand, and the expected bidding price of lithium in the downstream market is extremely low, it is difficult to reach an agreement, and the overall transaction situation is light. The industry is waiting for the factory operating rate to rebound after the Lantern Festival in order to release demand, and it is expected that the lithium mine will temporarily operate smoothly in the short term.
Lithium saltsAt the beginning of the week, due to the end of the Spring Festival holiday, some downstream enterprises have consumed raw materials in the warehouse, and the city has purchased suitable raw materials, and the demand for industrial carbon has gradually picked up, and the transaction is acceptable. In the second half of this week, due to the impact of the Yichun environmental protection incident, the market rose rapidly, the spot market passively increased, and the downstream material factories maintained a wait-and-see state due to the large fluctuations in the market and the weakening of the inquiry activity. At present, some lithium salt smelters are gradually resuming work and production, and there are fewer lithium salt enterprises abroad, most of which are businessmen, and it is difficult to make transactions at present, and it is expected that lithium salt will be weak 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 price difference between battery-grade lithium carbonate and industrial-grade lithium carbonate remained stable during the week. This week, the price difference between battery-grade lithium carbonate and battery-grade lithium hydroxide is 1200,000 tons.
3 Lithium ore stocks
According to incomplete statistics from Mysteel, as of February 23, the lithium ore inventory in ports and domestic warehouses was 1110,000 tons, compared with last week's **020,000 tons. In the first week after the holiday, the operating rate of factories was limited, the procurement demand was weak, the domestic lithium market was still recovering, and the spot inventory continued to accumulate. Due to the uncertainty of the future lithium price, most of the imported lithium mines from overseas have arrived in small batches. Of the current spot inventory, 47% of the grade is above 4%.
4 Cost and profit
Lithium carbonateThis week's spodumene concentrate 6% CIF** was $900 tonnes,** unchanged from last week. Battery-grade lithium carbonate operated weakly and steadily during the week, and the RMB exchange rate stabilized at 7Around 20, the cost of battery-grade lithium carbonate corresponding to Australian spodumene concentrate dropped slightly to 9830,000 tons or so, the spot profit is -252 yuan tons, and the cost of external mining stone is gradually corrected due to the low cost of spodumene concentrate.
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