haktuts50freespins| Yichun Lixun's lithium carbonate sales in 2024: Sales growth in Europe and market-driven analysis

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News summary

Lithium carbonate futures fell yesterday, spot prices fell, and market demand weakened. New car sales in Europe rose 13.3 percent year-on-year in Aprilhaktuts50freespins.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.

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[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, boosted by rising sales in major markets and early stimulus from the Easter holidayhaktuts50freespinssales. 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]

haktuts50freespins| Yichun Lixun's lithium carbonate sales in 2024: Sales growth in Europe and market-driven analysis

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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