Price trend

According to the Commodity Market Analysis System of SunSirs, the price of lithium carbonate has slightly decreased after the holiday. As of February 6th, the domestic price of battery grade lithium carbonate was 79,200 RMB/ton, a decrease of 0.73% from 79,780 RMB/ton before the holiday. The price of industrial grade lithium carbonate was 78,200 RMB/ton, a decrease of 0.52% from 76,600 RMB/ton before the holiday. After the Spring Festival, the enthusiasm for purchasing and inquiring in the spot trading market has cooled down, and the pre holiday purchasing frenzy has overdrawn short-term demand after the holiday.

Analysis review

From the downstream demand side, the production of positive electrode material factories within the festival was relatively stable, driving the demand for replenishment of materials and lithium salts after the festival.

Due to the resumption of production in the mining salt sector of a leading enterprise, it provided a strong supplement to the domestic production of lithium carbonate and also supported the customer supply level of some material factories. Under this influence, most companies were temporarily adopting a wait-and-see attitude and making few purchases.

In terms of imports, Chile exported 25,600 tons of lithium carbonate in January, an increase of 27.5% compared to the previous month. Among them, 19,100 tons were exported to China, an increase of 43% compared to the previous period. Considering its shipping cycle, it is expected to arrive at Chinese ports in February or March.

From the supply side perspective, most lithium carbonate smelting enterprises collectively maintained normal production during the Spring Festival, but there were still 10 enterprises planning maintenance, mainly concentrated in Sichuan, Jiangxi, Hebei, Guangdong and other places. The overall market supply was sufficient.

Market outlook

The lithium carbonate data analyst of SunSirs believes that the weak price trend during the Spring Festival period was normal due to the dual impact of maintenance and demand, and there will not be significant fluctuations in the short term in the future. Specific changes in market supply and demand still need to be monitored.

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