Price trend

According to the Commodity Market Analysis System of SunSirs, the price of lithium carbonate slightly declined in mid February. As of February 17th, the average price of domestic battery grade lithium carbonate was 78,100 RMB/ton, a decrease of 0.89% from 78,800 RMB/ton at the beginning of the month and a decrease of 2.11% from 79,780 RMB/ton at the beginning of the month; The average price of industrial grade lithium carbonate wass 74,800 RMB/ton, a decrease of 2.09% from 76,400 RMB/ton at the beginning of the year and a decrease of 2.35% from 76,600 RMB/ton at the beginning of the month.

The significant growth on the supply side has driven down prices

After the holiday, the news of the resumption of production projects by top enterprises in Yichun area has been basically implemented, and our company has also analyzed the incident:

It is expected that the production of lithium carbonate at the end of lithium mica will significantly increase after mid February.

In terms of imports, the export volume of lithium carbonate from Chile in January 2025 was 25600 tons, of which 19100 tons were exported to China, a month on month increase of 43.1% and a year-on-year increase of 94.7%. It is expected that the domestic arrival volume will further increase in February and March.

Weak demand with no significant growth

The production of positive electrode materials and battery terminals decreased in February. The month on month growth of positive electrode and battery production in March was within the range of 10% -20%, but due to the small production base in February, there was no substantial year-on-year increase in production in March.

Market outlook

SunSirs’ lithium carbonate data analyst believes that the supply and demand of lithium carbonate were weak, with prices falling and no positive news in the market. It is expected to continue to fluctuate weakly in the short term.

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