7bitcasino30freespins| Yangtze River Nonferrous Metals Short Comment: Upstream supply continues to ease, and lithium carbonate may fall slightly on the 27th

Supply side, along with the circumferential data of the upstream raw material side of lithium carbonate7bitcasino30freespinsAs it continues to be released, it can be clearly seen that lithium extraction from salt lake, lepidolite, and spodumene at the raw material end have all experienced varying degrees of increase in volume. At the same time, lithium carbonate imports also increased month-on-month in April, and the growth rate of output and import volume Both are generally faster as expected, suppressing the room for growth of lithium carbonate. On the demand side, cathode material production began to decline in May, while the market expects cathode material production to continue to decline slightly in June. Currently, the price of lithium carbonate is still at a high stage, and the market is not accepting high prices, and the downward trend is relatively obvious. The overall industrial chain lacks obvious supporting logic. Although overseas countries are optimistic about lithium prices, compared with the domestic environment's early stimulus, downstream demand continues to weaken.

At present, the market is mainly concerned about the long-term association at the end of the month and the bidding situation of Yichun Lixun. The short-term rebound is mainly high. The medium-and long-term supply easing continues to put pressure on the room for lithium carbonate to rise. The overall center of gravity continues to move downward. In the short-term, it focuses on the pressure in the range around 107200-7800, and support around 105,000 - 105,600 below. (Disclaimer: This information is for reference only and does not constitute investment advice. Operate accordingly at your own risk.)

Yangtze River Nonferrous Metal Network cjys7bitcasino30freespins.cn Tel: 0592-5668838

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