CITIC Construction Investment Futures: The current market still maintains a good upward trend, and the fundamentals of lithium carbonate lack negative catalysts.

On Monday, lithium carbonate prices surged strongly, with the September contract closing near 205k yuan, trading volume slightly down, and open interest increasing by 27.4k lots. SMM battery-grade lithium carbonate rose 1,250 yuan/ton to 195,250 yuan/ton, and lithium ore increased by 54 USD to 2,846 USD. In April, domestic new energy passenger vehicle retail sales declined by 6.8% year-on-year, with penetration rate exceeding 61.3%. Lithium carbonate warehouse receipts slightly decreased yesterday. The current market still maintains a good upward trend, with no significant negative fundamentals, and market sentiment remains optimistic. The market may continue to push higher, but risks have accumulated at the current level. (CITIC Construction Investment Futures)

41.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned