skeeballarcadegame| Yichun Lixun's lithium carbonate sales in 2024: Sales growth in Europe and market-driven analysis

News summary

Lithium carbonate futures fell yesterdayskeeballarcadegame, spot prices fell and market demand weakened. New car sales in Europe rose 13.3 percent year-on-year in Aprilskeeballarcadegame.7%, and retail sales of new energy vehicles in May are expected to increase by 13.7% month-on-month. The fundamentals of the lithium carbonate market are weakening, and short-term prices may weaken slightly.

Newsletter text

[Lithium carbonate futures prices fell slightly yesterday, and the average spot price also fell]

The spot prices of battery-grade lithium carbonate and industrial-grade lithium carbonate fell to 106,500 yuan/ton and 102,200 yuan/ton respectively, and the average price of lithium hydroxide was also lowered to 97,000 yuan/ton. Market transactions were light, with the basis maintained at 100 yuan/ton. Yesterday, warehouse receipts fell 321 tons to 24052 tons.

[New car sales in Europe increase, new energy is expected to increase month-on-month]

New car sales in Europe rose 13.7% year-on-year to approximately 914,000 units in April, as rising sales in major markets and early Easter holidays stimulated sales. New energy retail sales are expected to reach 770,000 in May, a month-on-month increase of 13.7%, and the penetration rate hit a new high of 46.6%.

[Yichun Lixun announced 2024 online bidding plan for lithium carbonate products]

Yichun Lixun, a wholly-owned subsidiary of Yichun Mining, plans to launch nationwide online bidding sales of lithium carbonate and lepidolite products in 2024 to increase market supply channels.

[Supply is expected to increase, demand decreases month-on-month]

The supply of lithium carbonate is expected to increase in May, the growth of output and imports will accelerate, and weekly output will increase month-on-month. While demand for cathode materials declined month-on-month, customer supply and corporate inventory management led to a decrease in acceptance of high-priced goods.

[The fundamentals of the lithium carbonate market are weak, and prices may decline slightly]

Based on the market supply and demand situation, the fundamentals of lithium carbonate are weak, and prices have a small downside risk in the short term. Market participants need to pay close attention to new market developments.

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