Latest Update in the China Lithium-ion Battery Market

DCE iron ore was was shocked and keep downward all the day.The main contract closed at 737.5,,increased of 4.31%. Traders are generally motivated to ship, Speculative demand increases.

Shanghai nonferrous metals closed mixed in day trading. The Labor Department data showed that the seasonally-adjusted non-farm payrolls rose by 528,000 in July, well above the market's previous expectation of an increase of 250,000, and the fears over economic recession subsided. But it aroused the expectations of rate hikes in the future.

As of Monday August 8, SMM copper inventory across major Chinese markets increased by 3,900 mt from last Friday to 72,800 mt.

According to SMM data, the zinc ingot inventories across seven major markets in China totalled 136,600 mt as of August 8, up 2,200 mt from last Friday and down 1,700 mt from last Monday.

The General Administration of Customs announced on August 7 that in the first seven months of this year, the total value of China's foreign trade imports and exports was 23.6 trillion yuan, a year-on-year increase of 10.4%.

The spot prices of industrial grade-0 lithium carbonate gained 1,000 yuan/mt to 453,000-458,000 yuan/mt, with its average price up 1,000 yuan/mt in a single day to stand at 455,500 yuan/mt.

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin increased by 100 mt from August 5 and fell 6,000 mt from August 1 to 62,000 mt as of August 1.

As of Friday August 5, the SMM Imported Copper Concentrate Index (weekly) stood at $73.38/mt, $1.72/mt higher than the previous week.