Price trend

According to the data monitoring of SunSirs, the price of industrial and battery grade lithium carbonate continued to decline this week. As of February 9, the average domestic mixed price of industrial grade lithium carbonate was 441,600 RMB/ton, down 4.33% from the average price of 461,600 RMB/ton on February 5. The average domestic mixed price of battery grade lithium carbonate on February 9 was 467,600 RMB/ton, down 3.9% from the average price of 486,600 RMB/ton on February 5.

Analysis review

From the observation of market changes, the price of lithium carbonate this week was still in a continuous cooling down. Although the market inquiry began to increase, the spot transaction was relatively small. However, some manufacturers were still repairing or maintaining a low start-up rate, and the supply situation was temporarily dominated by de-stocking.

In terms of demand, the procurement demand of the downstream market is still weak in the short term, and the demand recovery cycle was uncertain. However, some lithium salt plants and anode plants were still negotiating the details of long order signing, resulting in the market being in a wait-and-see state without purchasing intention, and the traders' quotations were also continuously reduced, so the price of lithium carbonate continued to be weak and volatile.

The downstream lithium hydroxide market was stable, and the price was mainly stable after the price reduction last week. At present, the first-tier manufacturers in the market mainly export, and only a small number of orders are supplied to the domestic market. However, domestic demand is weak, inquiry increases, but few deals are made, and the price is mostly stable and wait-and-see.

The downstream lithium iron phosphate market was stable, and the price of lithium iron phosphate was highly linked with lithium salt. In the case of low operating rate before the month, the general lithium salt inventory of enterprises was still at a high level, and the short-term procurement demand was low. In addition, the overall market demand is still in the process of gradual recovery, and the outlook is stable and wait-and-see in the short term.

Market outlook

According to the lithium carbonate analyst of SunSirs, the market is in a state of strong supply and weak demand, and the upstream and downstream markets are in the process of negotiation and signing, and the market price continues to be weak for the time being. In addition, the commencement situation has not yet fully recovered, the lithium carbonate price is expected to remain volatile and downward in the short term.

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