Leipidolite price rose slightly while anode materials performed weakly in this week
This week, the price of leipidolite has seen a slight increase. From the perspective of market supply and demand, the overall production of mines in Jiangxi Province has been relatively sluggish, resulting in limited market circulation. However, with the gradual fading of the impact of environmental inspections in Jiangxi, some downstream smelting enterprises have gradually obtained approval for resumption of production. It is expected that the pace of resumption of work and production will be initiated in the short term. Currently, most downstream smelting enterprises that rely on external mining have relatively low leipidolite inventory. With the initiation of the resumption of production process, some enterprises have slightly increased their demand for replenishing stock, driving a slight increase in leipidolite prices.
LiCarbonate Daily - March 29th
March 29th spot market sees stability, with battery-grade index at 108,817 yuan/ton, while futures contract 2407 drops by 1.20%.
Data: SHFE, DCE market movement (Mar 29)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Mar 29, 2024
Silicon metal prices remain bearish
Silicon metal prices continued to fall this week.
What were reasons behind the falling prices of silicone products?
DMC prices in the online shopping mall of Shandong-based plants opened at 15,500 yuan/mt this week, down 300 yuan/mt WoW. Offers from leading DMC plants were 15,200 yuan/mt this week, down 1,300 yuan/mt, while those from other plants were 15,300 yuan/mt. Mainstream transaction prices dipped by 400 yuan/mt WoW.