According to the price monitoring of the business community, the comprehensive price of the domestic lithium carbonate market in July can be described as a sharp decline, and the market is in a downturn. In July, the average price of industrial grade lithium carbonate was 110,117.74 yuan / ton, down -20.96% compared with the beginning of the month. The average price of battery-grade lithium carbonate was 124,129.16 yuan / ton, down -14.51% compared with the beginning of the month.

The demand for lithium carbonate in the market began to be sluggish in July, and orders fell, which led to a serious price decline. The adjustment of the subsidy policy amount also has a certain impact on the battery energy density. At present, the high-energy density ternary power battery on the market has been popular, the market share has increased rapidly, while the lithium iron phosphate battery has been cold in the market. The operating rate and order growth of a large number of power battery companies are not ideal, and the lithium iron phosphate material is not ideal. The willingness to purchase is not strong, and many lithium iron phosphate manufacturers have stopped production and processed inventory. As a result, the demand for lithium carbonate is greatly reduced.

From mid-July to the end of the month, the downstream demand of the market has not yet recovered significantly, and the order volume of enterprises has shrunk. In order to digest inventories and increase orders, enterprises have continued to cut prices. Coupled with small and medium-sized lithium carbonate suppliers to seize the market for low-cost shipments, put pressure on the price of lithium carbonate. The spot transaction price continued to decline.

According to business analysts, if the lithium carbonate market has not been stimulated by good news, the price of lithium carbonate will fluctuate and the recovery will be weak.

US President Trump met with the European Commission Chairman Juncker at the White House on the 25th. The two sides reached an agreement on trade issues, agreed to suspend the new tariffs and reduce trade barriers. The EU promised to import more LNG and soybeans from the United States. The trade war in the US and Europe has temporarily eased, but as the details of the agreement have not yet been implemented, the prospects for the agreement remain hidden.

According to reports, Trump and Juncker held a joint press conference after the meeting, the two sides agreed to work together to make non-automotive industrial products to zero tariffs, zero trade barriers and zero subsidies, and reduce services, chemicals, drugs Trade barriers in areas such as soybeans promote trade between the two sides. Europe and the United States also agreed to suspend tariff increases during trade negotiations and cooperate in reforming the World Trade Organization to combat unfair trade practices such as theft of intellectual property rights.

Both the United States and Europe have declared that they have achieved results. Trump described the warmth of the meeting and reached a breakthrough that no one had imagined before. “This is a big day of free and fair trade.” He also said that the United States and Europe “love each other” and hope that the two sides will strengthen trade links and achieve a win-win situation. Trump specifically mentioned the soy and liquefied natural gas agreement, saying that the EU “will buy a lot of soybeans soon”, the United States and Europe will discuss details in the short term.

Juncker said that the United States made major concessions, emphasizing that Europe and the United States are allies rather than enemies, stressing that tariffs should be lowered rather than raised. European officials disagreed on the outcome of the meeting. German Economy Minister Artemier praised the talks for breakthroughs, avoided trade wars and saved millions of jobs, but French Economy Minister Lemer stressed that non-tariff barriers and agricultural products (5.450) , 0.06, 1.11%) should not be placed on the negotiating table, and asked the United States to show sincerity on steel and aluminum tariffs.

Although Trump and Juncker both agreed to reach an agreement, the content is not clear, and the details remain to be finalized in the future negotiations, and need to be agreed by the EU member states. Both Trump and Juncker pointed out that if any party in Europe and the United States stops negotiations, the agreement may be pulled down. The US Department of Commerce is investigating whether importing EU cars threatens national security. It is expected that the results will be as early as September, but Trump did not specifically mention automobile tariffs on the day of the negotiations. It is estimated that he will retain the bargaining chips.

US Treasury Secretary Mnuchien said that the United States and Europe will first negotiate steel and aluminum tariffs, and hope to resolve the dispute as soon as possible. During the negotiations, Washington will not impose tariffs on imported European cars.

Former White House economist Bowen said that Trump and Juncker’s wording showed both parties’ willingness to resolve trade issues, but Trump’s policy was erratic and could send a free post on social networking sites, ruining the outcome of the talks.

U.S., director of the Global Business and Economic Program of the US think tank Atlantic (4.400, -0.01, -0.23%), said that the real-time outbreak of trade wars in Europe and the United States does not mean that the problem has been resolved. The two sides only return to the basic consultation stage. Soybean and LNG are not the most important trade commodities. I believe that if Washington does not withdraw steel and aluminum tariffs, the EU will not make too many concessions.

Oil and gas resources are important strategic resources related to China’s economic development. News from the Ministry of Natural Resources: Since the beginning of this year, China’s oil and gas exploration and mining has made many new breakthroughs, especially the reserves and production of clean energy have increased substantially, and the large-scale commercialization of shale gas has accelerated, which has effectively guaranteed the national energy and resource security. To inject new vitality into economic development.

In the past few days, at the Wensu oil drilling site in the Tarim Basin, oil exploration team members are conducting intense oil testing and actively deploying new drilling locations.

In addition to the Tarim Basin, new areas of oil reserves growth have been opened in the basins of Ordos and Junggar. Among them, two billion-ton oil fields in Huaqing and Jiyuan have been added to the Erdos Basin, and new scale-scale areas of 100 million tons have been discovered in the Junggar Basin.

Product: Domestic agricultural ammonium chloride price stability this week: The main quoted price of agricultural ammonium dry ammonium ranges from 600-660 yuan/ton, and the mainstream quoted price of wet ammonium is 500-580 yuan/ton.

Industrial chain: The liquid ammonia in the upstream fell sharply this week and fell in a serious state. Due to the environmental protection and liquid crystal ammonia prices falling in the upper reaches of the market, liquid ammonia prices have now fallen. For the rising upstream raw materials, the later period of ammonium chloride may cause insufficient operating rates. Urea and ammonium chloride are both nitrogen fertilizers. Before the second, they were substitutable. Affected by the sluggish sales of compound fertilizers this spring, the urea and ammonium chloride prices of the nitrogen fertilizer series all declined.

Forecast: Although it is now in the season of traditional fertilizer use, due to the overall trend of compound fertilizer, the price of ammonium chloride may stabilize or be adjusted later.

On March 28, 2018, European strategic small metal cobalt ingots (99.3%, Russia) quoted at US$43.25/lb, which was temporarily stable compared with the previous trading day; electrolytic cobalt (99.8%) was quoted at US$42.75/lb, compared with the previous day. Price stability.