Short-term lithium carbonate market sentiment has been boosted by the trade-in subsidy policy

Gold Ten Futures Special New Lake Futures Comments Lithium Carbonate: On April 29, the main force of lithium carbonate futures LC2407 rose by more than 6% in the intraday. Short-term bullish support is: the implementation of the trade-in subsidy policy has boosted market sentiment; spot circulation is still tight; some downstream stocking demand was released before May Day; mine prices rose steadily. < b > Follow-up core focus turned to demand-side procurement rhythm and actual production scheduling in May . < br > From a fundamental perspective, the fundamentals of lithium carbonate have weakened. With the weakening of Jiangxi's environmental protection impact, the lithium salt supply side has gradually recovered, and the overall operating rate has increased. It is expected that the import volume in April will remain at a high level, and the overall supply side will be loose. The demand side still has some resilience in May under the support of the seasonal peak season, and inventory pressure has been delayed. Overall, < b > short-term market sentiment has been boosted by the trade-in subsidy policy. Demand in May is the follow-up focus. It is expected that the short-term sentiment will return to weakening fundamentals after trading. It is recommended to pay attention to the rebound short-selling opportunity .