According to the Commodity Market Analysis System of Business Society, from May 6th to 11th, the price of asphalt in Shandong Province dropped from 3680 yuan/ton to 3652 yuan/ton, a decrease of 0.78%, an increase of 0.16% month on month, and a year-on-year decrease of 2.81%. In some regions, the price range has been narrowed down, while the overall spot price of asphalt has remained stable with minor adjustments. Affected by the significant decline in crude oil during the holiday, some brand markets in Shandong and North China remained stable and fell after the holiday, while the asphalt market showed some fatigue and the trading atmosphere was light.

On the supply side, in terms of major production enterprises, the increase in asphalt production by Dongming Petrochemical and individual main refineries in East China has driven the overall supply up; The comprehensive operating rate of the asphalt industry has increased month on month, with negative impacts on the supply side.

On the cost side, in terms of crude oil: International oil prices have seen a narrow decline overall, with the main negative factors being the positive progress in the ceasefire negotiations between Palestine and Israel, the easing of geopolitical tensions, and the still bearish outlook for global demand. As of May 9th, the settlement price of Brent crude oil futures main contract was reported at $83.88 per barrel.

On the demand side, logistics and transportation are limited during the holiday period, and some downstream projects are intermittently suspended, resulting in a decrease in asphalt shipments. After the holiday, downstream demand has slightly increased, and the industry mainly purchases according to demand. The differentiation of demand between the north and south is obvious, and the impact of precipitation weather in the south is still significant, making it difficult to recover demand; As the weather improves in the north, construction conditions are gradually improving, and downstream resumption of work is expected to increase. The demand side of the asphalt market has a mixed impact.

As of the close on May 11th, the petroleum asphalt futures market remained stable. The main asphalt contract 2409 opened at 3689 yuan/ton, with a highest price of 3694 yuan/ton and a lowest price of 3681 yuan/ton. It closed at 3687 yuan/ton, which was unchanged from the previous trading day’s settlement. The trading volume was 45062 lots, with a position of 186343 lots and a daily increase of 359 lots.

In the future market forecast, the fluctuating operation after the cost side falls will have weak support for asphalt prices, and the supply will increase in the short term. The demand differentiation between the north and south is obvious, and with a dual increase in supply and demand, asphalt analysts from Business Society predict that the short-term domestic asphalt market situation will be mainly focused on observation and consolidation.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of caprolactam in China on May 11th was 12900 yuan/ton, which is 0.58% higher than the average market price of 12825 yuan/ton on May 6th.

2、 Market analysis

The market price of caprolactam has increased this week. The price of raw material pure benzene has increased, leading to increased cost support. The downstream operating rate has increased, leading to a positive demand for raw materials. The overall industry chain market trend is moving upwards. Some companies have resumed maintenance of their caprolactam units, leading to an increase in market supply. The settlement price of Sinopec caprolactam is 13350 yuan/ton, which is a high-quality liquid product.

Raw material pure benzene market. This week, the price of pure benzene has slightly increased. On May 6th, the price of pure benzene was 8665.5 yuan/ton, and on May 11th, the price of pure benzene was 8750.5 yuan/ton, with a price increase of 0.98%. This week, the price of Sinopec’s pure benzene is 8800 yuan/ton (prices in Shandong and Hebei regions are synchronized).

Downstream PA6 market. The domestic PA6 market has risen this week. The high level of construction in the aggregation factory has increased the enthusiasm for raw material procurement. As of May 11th, the reference price for domestic PA6 is 14687.5 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the recent trend of caprolactam market is upward. The optimistic upstream and downstream market has driven the price of caprolactam to slightly rebound and rise. It is expected that the short-term market for caprolactam will tend to be strong, with consolidation and operation being the main focus.

According to the monitoring of the commodity market analysis system of Business Society, the prices of industrial grade lithium carbonate and battery grade lithium carbonate have shown a stable, moderate, and slight upward trend after the May Day holiday. On May 9th, the average domestic mixed price of industrial grade lithium carbonate was 109200 yuan/ton, an increase of 0.74% compared to the average price of 108400 yuan/ton on May 1st. On May 9th, the average domestic mixed price of battery grade lithium carbonate was 116200 yuan/ton, an increase of 0.69% compared to the average price of 115400 yuan/ton on May 1st.

By observing market changes, it can be seen that the spot market for lithium carbonate has remained relatively calm during the May Day holiday, and there has been a slight increase in market resumption prices after the holiday. In terms of supply, some lithium salt companies still maintain a positive attitude towards selling individual orders. In addition, the market price of lithium carbonate futures increased at the beginning of the week, and some lithium salt companies slightly increased their prices for individual orders.

According to Chilean customs data on May 3rd, Chile exported approximately 22900 tons of lithium carbonate to China in April, a month on month increase of 42.27% and a year-on-year increase of 162.25%. From January to April, the cumulative amount was approximately 64873 tons, a cumulative year-on-year increase of 60.34%. The domestic import of lithium carbonate may show an upward trend around May, which will provide supplementary supply to the domestic market.

In terms of demand, downstream enterprises such as positive electrodes have already prepared their goods in advance before the May Day holiday, and their raw material inventory is sufficient to support production orders for a period of time in the future. Additionally, some of the purchased goods have arrived during the holiday. Downstream enterprises tend to adopt a wait-and-see attitude after the holiday, and the market transaction situation is relatively flat. Downstream material suppliers may adopt a strategy of purchasing at lower prices at the current price.

The lithium hydroxide market is operating steadily, with large factories mainly delivering long-term orders. The downstream demand for high nickel materials is still good, and the new energy and energy storage market is performing well. The demand side procurement or just in need follow-up is still the main trend. The market procurement mentality is still cautious, and the lithium hydroxide market may be wait-and-see, with little price fluctuation.

The downstream price of lithium iron phosphate is operating steadily. Due to sufficient pre holiday stocking in the downstream market, the supply of phosphoric acid is insufficient and the price of lithium carbonate is slightly rising, which provides some support to the cost side. With the end of the May Day holiday, lithium iron phosphate has maintained its current trend in the near future, with limited price fluctuations and a focus on stable observation.

In terms of futures, the price of lithium carbonate futures fluctuated and continued to fluctuate. On May 9th, the opening price of the LC2407 main contract was 112500 yuan/ton, the closing price was 111700 yuan/ton, and the highest price was 113450 yuan/ton, with a daily decline of 0.76%. The transaction volume was 136100 lots, and the position was 193390 lots.

According to analysts from Shengyishe Lithium Carbonate, there is currently a large inventory reserve in the downstream market of lithium carbonate, and the current spot price of lithium carbonate is mostly higher than its procurement expectations, resulting in scarce market transactions. Some downstream enterprises have set the procurement node for May to be in mid to late May, and it is expected that the short-term spot price of lithium carbonate will remain stable, while observing market demand.

1、 Price trend

According to monitoring data from Business Society, the overall price of caustic soda decreased in April. At the beginning of the month, the average price in the Shandong market was 852 yuan/ton, and by the end of the month, the average price in the Shandong market was around 790 yuan/ton. The overall price dropped by 7.28%, a decrease of 12.61% compared to the same period last year. On April 29th, the chlor alkali index was 991 points, a decrease of 1 point from yesterday, a decrease of 53.43% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 39.19% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

2、 Market analysis

According to survey data from Business Society, the overall price of caustic soda has been weak this month. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market quotation of around 810-880 yuan/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Shandong region is currently stable, with a mainstream market quotation of around 690-790 yuan/ton for 32% ion exchange membrane caustic soda.

At the beginning of the month, the overall price of caustic soda was weak, and downstream aluminum oxide spot trading activity was average. The demand for caustic soda was average, and there was a strong wait-and-see purchasing sentiment. During the pre May Day stocking period, prices fluctuated slightly, but the overall price of caustic soda remained stable. With the increase in domestic caustic soda supply, there was pressure to sell goods. Downstream aluminum oxide spot stocks are mostly purchased on demand after pre holiday stocking, and moderate replenishment of caustic soda prices is not supported by favorable factors.

According to the price monitoring of Business Society, in the 17th week of 2024 (4.22-4.26), there were a total of 2 products that rose, 3 products that fell, and 2 products that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities include: light soda ash (5.26%) and baking soda (1.95%); The main commodities falling are: calcium carbide (-3.89%), caustic soda (-0.75%), and PVC (-0.04%). The average increase and decrease this week is 0.36%.

Business Society analysts believe that in recent times, caustic soda prices have been consolidating and operating. The purchase price of main alumina in Shandong region has been lowered again, with downstream demand being cautious and wait-and-see sentiment being the main factor. The transaction is lukewarm and not hot, and it is expected to move downwards in the later stage. The specific situation depends on downstream market demand.

In April, the butadiene styrene rubber market first rose and then fell, with a narrow range consolidation. According to the commodity market analysis system of Shengyishe, as of April 30th, the price of butadiene benzene 1502 was at 13416 yuan/ton, a decrease of 0.06% from 13425 yuan/ton at the beginning of the month, and the highest point in the cycle was 13533 yuan/ton.

In April, butadiene styrene rubber slightly decreased, and there was not much pressure on the supply side; Downstream tire production has slightly declined, with on-demand inquiries for the butadiene styrene rubber market and slightly weaker support for rigid demand; The prices of raw materials such as butadiene and styrene have slightly increased, while the cost support for butadiene styrene rubber remains strong. The market for butadiene styrene rubber is supported by costs and demand, but as marginal demand weakens, the high price of butadiene styrene rubber has slightly fallen.

Part of the devices have been operating at reduced loads, and the production of butadiene styrene rubber in April slightly decreased, dropping from 6.6% at the beginning of the month to around 6.2% at the end of the month.

In April, the prices of butadiene and styrene raw materials for butadiene styrene rubber slightly increased, supporting the cost side of butadiene styrene rubber.

According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price of butadiene was 11712 yuan/ton, an increase of 1.63% from 11525 yuan/ton at the beginning of the month; As of April 30th, the price of styrene was 9637 yuan/ton, an increase of 3.16% from 9342 yuan/ton at the beginning of the month.

Demand side: Downstream tire production has slightly weakened, weakening support for butadiene styrene rubber. It is understood that as of the end of April, the operating load of semi steel tires in domestic tire enterprises was around 80%; The production of all steel tires by tire companies in Shandong region increased from 6.8% at the beginning of the month to around 7.1% in the middle of the month, and then continued to decline to 6.4% at the end of the month; Downstream customers tend to stock up on demand, resulting in lackluster market transactions.

Market forecast: Business Society analysts believe that the prices of raw materials such as butadiene and styrene are operating at high levels, and the cost of butadiene styrene rubber is currently supported strongly; In addition, the production of butadiene styrene rubber is at a low level, and the pressure on the supply side of butadiene styrene rubber is not high; The current downstream production of all steel tires has slightly decreased, while the production of half steel tires is at a high level, which provides weak support for the rigid demand for butadiene styrene rubber. Overall, the butadiene styrene rubber market may consolidate in the later stage.

According to the commodity market analysis system of Shengyishe, the mixed xylene market rose first and then fell in April. On April 30th, the benchmark price of mixed xylene was 7680 yuan/ton, an increase of 1.32% from 7580 yuan/ton at the beginning of the month, and a decrease of 3.15% from the high point of 7930 yuan/ton in the cycle.

The international crude oil price range fluctuates, and the support for mixed xylene in the later stage is weak

The international crude oil price range fluctuated in April, with continued support for the cost of mixed xylene in the early stage and weakened support for mixed toluene due to the decline in prices at the end of the month. As of April 30th, the closing price of WTI06 contract is $81.52 per barrel; The Brent 07 contract closed at $85.92 per barrel. The high prices of mixed xylene in Asia provide support for the domestic market, with prices of heterogeneous grade xylene in Asia ranging from $990-991 per ton as of April 30th.

The production of xylene has significantly decreased, and the demand support for mixed xylene has weakened

In April, domestic PX production declined and the market remained stable. In mid to early April, some devices were shut down for maintenance, and PX production decreased from 8.4% to around 6.9%; In mid to late April, some maintenance equipment restarted, and the domestic PX production slightly increased to around 7.1%. It is understood that the 800000 ton/year PX unit of Zhenhai Refining and Chemical will be shut down for maintenance starting from April 4th; The 2.6 million ton/year PX unit of Guangdong Petrochemical was put into operation at reduced load on April 10th; Three sets of PX devices at Zhejiang Petrochemical were reduced in load, and one set of PX was repaired at the end of March; The 1 million ton/year PX plant of Urumqi Petrochemical was shut down for maintenance on April 14th; The Henry Petrochemical 2.5 million ton/year PX unit was shut down for maintenance on April 16th.

The production of phthalic anhydride is basically stable, and the demand support for mixed xylene is weak

The domestic phthalic anhydride plant is running smoothly, and Anhui Tongling ortho phthalic anhydride is starting to be shipped normally. The 100000 ton phthalic anhydride plant of Xinyang Group is running stably, and Shandong Hongxin phthalic anhydride is operating normally. Recently, the domestic phthalic anhydride operating rate is around 60%, and the spot supply of phthalic anhydride is normal. The production situation of phthalic anhydride manufacturers is average. In April, the price of industrial naphthalene slightly increased, and the market of naphthalene phthalic anhydride has risen, which has affected the price of ortho phthalic anhydride to rise.

Slow recovery of domestic mixed production and weak support for mixed xylene demand

The recovery of the domestic mixed blending market is slow, and the demand for mixed xylene is weak. As of the end of April, the operating capacity of refineries nationwide has slightly decreased to around 6.9.

The inventory of mixed xylene at the port is still at a high level, and supply pressure still exists

The inventory of mixed xylene at the port has slightly decreased, but overall it remains at a high level, and there is still pressure on the supply side of mixed xylene. It is understood that as of April 25th, the total inventory of xylene in East and South China amounted to 75000 tons, a decrease of about 13000 tons compared to late February.

Expected decrease in supply of mixed xylene for planned maintenance of multiple devices

Jiangsu Xinhai Petrochemical’s aromatics were shut down for maintenance on April 7th. In the later stage, there are still maintenance plans for toluene mixed xylene units such as Zhenhai Refining, Zhenghe Petrochemical, Dushanzi Petrochemical, and Dalian Xitai in May and June. Overall, the expected decline in toluene supply in the later stage provides some support for the toluene market.

Market forecast: From a fundamental perspective, the international crude oil sector will consolidate in the short term, with weak support for mixed xylene costs; Downstream PX and mixed blending industries saw a slight decline in production, while the phthalic anhydride industry saw a low level of production, resulting in overall weak support for mixed xylene demand; Multiple domestic devices are scheduled for maintenance in the later stage, and the supply of mixed xylene is expected to decline. Overall, it is expected that mixed xylene will first be suppressed and then increase in the later stage.

Price trend

In April, the domestic POM market stabilized after a decline, and spot prices were adjusted and put into operation. According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the mixed price of domestic POM was 12700 yuan/ton, a decrease of -3.24% from the price level on April 1st.

Cause analysis

In terms of raw materials:

The domestic methanol market rose horizontally in April, with gains concentrated in the second half of the month. In the early stage, the fundamentals of methanol were moderately competitive, but later due to the digestion of social inventory positions, the market supply and demand tended to be balanced. Combined with downstream pre holiday stocking in the second half of the month, the market atmosphere has warmed up, driving up methanol prices and supporting the cost side of POM.

In terms of supply:

In April, the operating rate of domestic POM enterprises fell from a high level. During this period, Tangshan Zhonghao and Yankuang Luhua underwent maintenance and reduced their load, resulting in an overall load reduction of about 9% or 70%. The synchronous reduction in production has partially digested the inventory position of the enterprise. Some manufacturers have implemented pricing adjustments. However, there is some news of device resumption after the holiday, and the market confidence in the future is insufficient. Overall, there is an expectation of a rebound in supply pressure.

In terms of demand:

In April, the inventory situation of domestic POM downstream enterprises was average, with most of them needing to purchase goods to maintain production. At the beginning of the month, POM took over the previous weak market, and buyers had a certain level of waiting for a decline. During the Qingming holiday, businesses were delisted and trading on the exchange was suspended. In the middle of the month, the main logic for factories to purchase goods is to maintain and digest inventory, and the flow rate of goods on site is still poor. The release of stocking before the Qingming Festival at the end of the month is not significant, and the consumption level still continues to follow the previous weak trend. Traders have poor credibility and may engage in underreporting or profit taking operations. Overall, the demand side has poor support for POM spot prices.

Future Market Forecast

After the decline in the POM market trend in April, it was sorted out. The operating rate of domestic polymerization plants has significantly declined, but there are many enterprises resuming work after the holiday. Although the pressure on the supply side has eased, there are also expectations of a return. Downstream consumer follow-up remains weak, with no significant release of pre holiday stocking. At present, the bullish trend of POM is gradually digesting, and it is expected that the market may weaken after the holiday.

Weak consolidation of plasticizer DOTP prices in April

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the price of DOTP was 9937.50 yuan/ton, a fluctuating decrease of 1.73% compared to the price of 10112.50 yuan/ton on April 1st. In March, the price of DOTP plummeted by 13.89%. In April, the decline in DOTP slowed down, and in April, the price of DOTP remained weak and consolidated

In April, the price of isooctanol fluctuated slightly and fell

According to the Commodity Market Analysis System of Business Society, as of April 29th, the price of isooctanol was 9700 yuan/ton, a fluctuation decrease of 3.58% compared to the price of 10060 yuan/ton on April 1st. In April, the price of isooctanol fluctuated and fell. In April, the price of isooctanol did not continue the downward trend in March. The price of isooctanol remained low and consolidated, while the price of raw material propylene fluctuated and consolidated. Cost support was insufficient, and the downward pressure on isooctanol increased. The upward momentum weakened; Downstream customers have average purchasing enthusiasm, with limited support from isooctanol.

In April, the price of phthalic anhydride first rose and then fell

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the price of phthalic anhydride was quoted at 7720 yuan/ton, a fluctuation decrease of 0.23% compared to the price of phthalic anhydride at 7737.50 yuan/ton on April 21st; Compared to April 1st, the price of phthalic anhydride fluctuated and increased by 1.75% to 7587.50 yuan/ton. Cost support, the price of phthalic anhydride fluctuated and increased in the first and second half of the year; Poor demand has led to a decline in the price of phthalic anhydride in the latter half of the year, while the high price of phthalic anhydride in Naifa has fallen, and the support for the rise of phthalic anhydride in neighboring countries has weakened.

Downstream spring maintenance is less than expected

In April, downstream enterprises began spring maintenance one after another, with an increase in enterprise maintenance. This year, the demand for plastic products in the market has been sluggish, and the order situation is lower than expected, resulting in limited growth in demand for plasticizers. There is still downward pressure on the demand side of plasticizers in the future. In April, the capacity utilization rate of PVC production enterprises decreased month on month, but the maintenance of enterprises did not meet expectations, and the capacity utilization rate of enterprises increased year-on-year. The maintenance is mainly concentrated in mid April, and in the latter half of the year, the maintenance enterprises gradually recover, with a slow increase in production and strong demand for plasticizers.

Future expectations

Business Society plasticizer product data analysts believe that in terms of raw materials, the price of isooctanol fluctuates and falls, the price of phthalic anhydride first rises and then falls, and the cost of plasticizer DOTP decreases; In terms of supply, the high starting point of plasticizer DOTP is stable, and the supply of plasticizer DOTP is sufficient; In terms of demand, downstream manufacturers conducted centralized maintenance in April, resulting in a decrease in enterprise production. However, the maintenance did not meet expectations, and there is still support for the demand for plasticizer DOTP. In the future, the cost support for plasticizer DOTP will decrease, and there will be significant demand support. It is expected that DOTP prices will consolidate at a low level in the future.

The acrylic acid market rose in April. According to the Commodity Market Analysis System of Business Society, as of April 28th, the average quoted price of acrylic acid in East China was 6825.00 yuan/ton, an increase of 4.60% compared to April 1st (the reference price of acrylic acid was 6525 yuan/ton).

From the data monitoring chart of the Business Society, it can be seen that after the continuous increase in acrylic acid prices in April, it remained stable and operated on a wait-and-see basis.

In the first half of the month, cost support was still acceptable, with companies mainly executing pre received orders in the early stage, with tight spot prices and supply side pressure free support for continuous increases in acrylic acid prices. The downstream inquiry atmosphere was active, and there was a high intention to replenish at low prices. The follow-up of high priced raw materials was relatively cautious, and the overall performance of the demand side was average, with a focus on continuing rigid demand procurement.

In the second half of the month, the price of raw material propylene fluctuated and fell, with some equipment fluctuating. Costs and supply support still exist. Downstream companies chose to lower their rigid demand and stock up in moderation before the holiday, and their follow-up to high prices is still average. Most production companies remained stable in their quotes, while distributors mainly followed the market and shipped according to the market.

Raw material propylene: According to the commodity market analysis system of Business Society, on April 26th, the reference price of propylene was 6852.60, an increase of 0.06% compared to April 1st (6848.60). In April, raw material propylene operated in a narrow range of fluctuations, providing sufficient support for the acrylic acid market.

Future Market Forecast:

According to acrylic acid analysts from Business Society, the current cost impact is limited, and there is currently no pressure on supply side inventory. With downstream stocking gradually approaching its end, the market atmosphere is slowing down, and transactions are mainly in demand. It is expected that the acrylic acid market will remain stable in the short term, and more attention should be paid to market news guidance.

According to the monitoring of the commodity market analysis system of Business Society, the prices of industrial grade lithium carbonate and battery grade lithium carbonate have remained stable and slightly decreased this week. On April 25, 2024, the average domestic mixed price of industrial grade lithium carbonate was 108400 yuan/ton, a decrease of 0.55% compared to the average price of 109000 yuan/ton on April 21. On April 25th, the average domestic mixed price of battery grade lithium carbonate was 115400 yuan/ton, a decrease of 0.35% compared to the average price of 115800 yuan/ton on April 21st.

By observing market changes, it can be seen that the price of lithium carbonate has remained stable this week, with only a slight decrease. In terms of supply, according to customs data, the import of domestic lithium carbonate in March was about 19043 tons, a month on month increase of about 64%, reflecting a more significant growth rate in the import supply of domestic lithium carbonate. With the rise of domestic temperatures, the mining and production of lithium salts have been relatively smooth. Apart from long-term cooperative orders, lithium salt enterprises have continued to maintain a positive attitude towards selling individual orders, and the price of individual orders has not changed significantly.

In terms of demand, downstream enterprises such as positive electrodes have already purchased and supplemented lithium carbonate sources due to the lower prices in the early stage. However, after the price of selling sources in the current market has increased, trading enterprises have no intention of purchasing with the increase. However, most enterprises have completed the stocking during the May Day period, and currently have no urgent purchasing ideas. They are generally waiting for lower or more favorable prices in the future market before proceeding with essential purchases, resulting in a relatively light overall situation of individual transactions in the market.

The market situation of lithium hydroxide is mixed, and recently, due to the decline in lithium carbonate prices, some smelting end enterprises have been driven by the resonance of their emotions and cost factors, resulting in a decline in high prices. At present, the inventory level of the lithium hydroxide industry is relatively low, and smelting enterprises are generally hoarding and reluctant to sell, with a strong sentiment of price support. At present, the demand for high nickel in the downstream is steadily increasing. Due to the upcoming May Day holiday, the market will have transportation restrictions for nearly a week, which to some extent has caused some downstream positive electrode enterprises to stage pre holiday stocking, leading to an increase in demand for essential goods.

The downstream price of lithium iron phosphate is operating steadily. Due to the recent multidimensional stability of raw material prices of iron phosphate and lithium carbonate, the price of lithium iron phosphate is temporarily stable. However, the discount for purchasing lithium iron phosphate from downstream leading battery manufacturers is still relatively low, and positive electrode factories are more inclined to hope for customer supply. In addition, the export volume of lithium iron phosphate has increased, and the market demand support is relatively favorable.

In terms of futures, the price of lithium carbonate futures first rose and then fell, but the price has not yet moved out of the volatile range. On April 25th, the opening price of the LC2407 main contract was 110500 yuan/ton, the closing price was 109600 yuan/ton, and the highest price was 112650 yuan/ton, with a daily decline of 0.86%. The transaction volume was 158100 lots and the position was 176148 lots.

According to analysts from Shengyishe Lithium Carbonate, based on the current supply and demand situation, some lithium salt companies still have a strong attitude towards individual orders and price increases. However, the procurement of raw material reserves during the May Day holiday in the downstream market has also been basically completed, resulting in a slight decline in the overall transaction price center of the spot market. There is no urgent purchasing intention in the market, and it is expected that the spot price of lithium carbonate will remain stable in the short term, while observing changes in demand.