Price trend

According to the Commodity Market Analysis System of SunSirs, there has been a slight rebound in lithium carbonate recently. As of March 17th, domestic battery grade lithium carbonate was priced at 76,200 RMB/ton, up 0.26% from 76,000 RMB/ton last week, down 3.3% from 78,800 RMB/ton at the beginning of the year, and down 34.6% from 116,600 RMB/ton in the same period last year; The average price of industrial grade lithium carbonate in China was 74,100 RMB/ton, an increase of 0.27% from 73,900 RMB/ton last week, a decrease of 3% from 76,400 RMB/ton at the beginning of the year, and a decrease of 31% from 107,400 RMB/ton in the same period last year.

Analysis review

The overall market situation of oversupply remained unchanged

Due to the low price of excess lithium carbonate and the lack of enthusiasm for lithium ore trading, the reduction in production of Australian mines internationally has led to an increase in lithium ore prices. However, the high production and cost advantage of Saltlakes have resulted in a loose overall raw material market.

Demand had increased, but it was difficult to offset the increase in supply

The market demand was gradually recovering, and the production of positive electrode materials has increased, but the overall demand was not strong, and it was difficult to change the surplus situation. Industry insiders maintained a cautious attitude towards the market, restocking as needed, and the trading market remained sluggish.

Market outlook

SunSirs’ lithium carbonate data analyst believes that there was temporarily an excess of lithium carbonate inventory, and although there has been a slight correction, it is expected that the rebound momentum will be insufficient and continue to fluctuate at the bottom.

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