Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the prices of industrial and battery grade lithium carbonate still showed a downward trend this week. On July 6, the average domestic mixed price of industrial lithium carbonate was 291,000 RMB/ton, down 2.35% from the average price of 298,000 RMB/ton on July 2. On July 6, the domestic mixed average price of battery grade lithium carbonate was 308,600 RMB/ton, down 1.22% from the average price of 312,400 RMB/ton on July 2.

Analysis review

According to the observation of market changes, the price of lithium carbonate this week was stable and declining. As of July 6, the production of lithium carbonate market was running smoothly, but the upstream and downstream of the market were playing a heavy game. The upstream holders had obvious willingness to support prices, and the downstream procurement was rational. As of July 6, the market transactions were dominated by small orders. Due to the end of financial reporting pressure, the market price cut had eased, but some enterprises still slightly reduced the price of lithium carbonate.

In terms of demand, as of July 6, there was a demand for downstream restocking, and some material factories were experiencing urgent purchases due to low inventory levels, which led to a strong market sentiment towards high prices. In addition, some terminals also had the trend of synchronously lowering prices for material factories, so material factories were facing dual pressure from upstream and downstream, and their purchasing intentions were more cautious.

Downstream lithium hydroxide prices showed a downward trend. Because lithium carbonate prices showed a fluctuating decline, the market support for lithium hydroxide was weak, the market supply was relatively abundant, the downstream purchasing mentality was cautious, the enthusiasm for receiving goods was not high, the market trading atmosphere was light, and the price focus of lithium hydroxide fell.

The price of ferrous lithium phosphate in the downstream was stable, while the price of lithium carbonate in the upstream was weak, which made the support of ferrous lithium phosphate at the cost end weak. In addition, the manufacturer supplied only old customers, and did not accept orders from new customers. However, the market was squeezed by both upstream and downstream pressures, and the purchasing intention was relatively cautious.

Market outlook

Lithium carbonate analysts from SunSirs believe that the current upstream and downstream game state of the lithium carbonate market continues. Although the recent purchase demand is good, the market activity is low. Therefore, some enterprises still lower the price of lithium carbonate to increase shipment. It is expected that the price of lithium carbonate may continue to fluctuate in the short term.

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