Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the prices of industrial and battery grade Lithium carbonate were stable and slightly increased this week. On June 15, the average domestic mixed price of industrial Lithium carbonate was 300,000 RMB/ton, 1.28% higher than the average price of 296,200 RMB/ton on June 11. On June 15, the domestic mixed average price of battery grade Lithium carbonate was 318,000 RMB/ton, up 0.57% from the average price of 316,200 RMB/ton on June 11.

Analysis review

From the observation of market changes, the price of Lithium carbonate was relatively stable this week, and the price was slightly higher. As the price of upstream raw materials still kept rising, the spot market of lithium carbonate still showed the sentiment of rising, while the big factories also maintained the attitude of supporting high prices. However, some suppliers were mainly active in shipping, and the price of Lithium carbonate remained stable

In terms of demand, due to sufficient replenishment in the downstream market in the early stage, there was limited willingness to accept high priced lithium carbonate, and the purchase was mainly on demand. In addition, the recent recovery of alternative fuel vehicle may gradually increase the market demand for lithium carbonate, which will support the price of lithium carbonate when the demand gradually improves.

The price of Lithium hydroxide in the downstream remained stable, the price of spodumene in the upstream was high, and the price of Lithium carbonate was stable and rising. The cost support was strong, which boosted the price support mentality of the industry. The manufacturers were dominated by long-term orders, and most of the downstream procurement were mainly in needed. The enthusiasm for inquiry was fair, but the turnover of new orders was limited, and the market had a strong wait-and-see mentality.

Due to the high price of lithium carbonate in the upstream, it provided some support for the cost of ferrous lithium phosphate, while the downstream market often restocked on demand. In the short term, lithium carbonate maintained its early trend, and manufacturers only supplied old customers, and did not accept new customers’ orders.

Market outlook

Analysts from Lithium carbonate SunSirs believe that the lithium carbonate market had gradually slowed down, the market transaction situation was light, the lithium carbonate market price was still in a game state, and it is expected that the lithium carbonate price may remain volatile in the short term.

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