Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of industrial and battery grade Lithium carbonate was stable and rose this week. On June 9, the domestic mixed average price of industrial Lithium carbonate was 296,200 RMB/ton, an increase of 2.14% compared with the average price of 290,000 RMB/ton on June 4. On June 9, the average domestic mixed price of battery grade Lithium carbonate was 316,200 RMB/ton, up 2.0% from the average price of 310,000 RMB/ton on June 4.

Analysis review

From the observation of market changes, the price of Lithium carbonate stabilized first and then rose slightly this week. In terms of upstream raw materials, due to supply constraints, the production of mica was unstable, and the price of lithium mica continued to rise. Some lithium salt factories still faced difficulties in purchasing mica, leading to increased production costs. The price of spodumene was relatively stable, so the production of some lithium salt plants was relatively stable.

In terms of demand, due to the sufficient replenishment in the downstream early stage and the pressure of lithium carbonate price transmission, most of them were wait-and-see. However, the terminal car market had recovered recently, and the inventory of car dealership had been continuously consumed, gradually recovering to the inventory early warning index and dropping to 55.4%. However, the spot market of Lithium carbonate was in an obvious upswing mood, and the mentality of big manufacturers to support prices was maintained.

The price of downstream Lithium hydroxide was stable and rose. Recently, the price of raw materials was high. The cost of Lithium hydroxide had strong support for the market, supporting the market's price mentality. The demand side was dominated by long-term orders, and the cautious wait-and-see atmosphere still existed.

The price of downstream ferrous lithium phosphate ran smoothly, the price of raw material lithium carbonate increased slightly, and the price of Iron(III) phosphate decreased, which made the overall production cost more stable. On the other hand, the supply and demand side was operating smoothly, with inquiries and transactions recovering compared to the previous period, and the market was mostly stable.

Market outlook

Lithium carbonate analysts from SunSirs believe that the current bullish sentiment in the lithium carbonate market is rising, but the market demand has not improved, so the upstream and downstream games are still continuing, and it is expected that the price of lithium carbonate will be consolidated stronger in the short term.

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