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Home > Lithium carbonate News > News Detail
Lithium carbonate News
SunSirs: Lithium Carbonate Prices Fell Slightly
September 10 2020 16:08:14SunSirs(John)

Price trend

According to the data monitoring of SunSirs: on September 10, the price of lithium carbonate went down slightly, while the quoted prices of enterprises went up and down. On September 10, the average price of industrial-grade lithium carbonate in East China was 38,900 RMB/ton, which was 2.75% lower than that at the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 40,000 RMB/ton on September 7). On October 10, the average price of battery-grade lithium carbonate in East China was 43,900 RMB/ton, which was a drop of 2.23% compared with the beginning of the week (the average price of battery-grade lithium carbonate in East China was 44,900 RMB/ton on September 7). On the 10th, the mainstream quotation in the industrial-grade lithium carbonate market was around 35,000~40,000 RMB/ton, and the mainstream quotation in the battery-grade lithium carbonate market was around 40,000~45,000 RMB/ton.

Analysis review   

In the past two days, a small number of lithium carbonate companies have slightly lowered their quotation prices, mainly due to the high previous prices, so they lowered prices to attract customer resources, while most other lithium carbonate manufacturers maintained relatively stable prices. At present, lithium carbonate enterprises are starting to operate steadily, and the overall sentiment of the downstream market has not yet risen. Although manufacturers inquired more, the transaction price has not fluctuated significantly. In addition, the terminal pressure to reduce costs will continue to be transmitted upstream, and price increases are still under pressure.

At present, the price of downstream lithium hydroxide is still at a low level, the customer resources of major manufacturers are relatively fixed, there is no significant fluctuation in demand for the time being, and the price is stable. The prices of lithium iron phosphate and ternary materials have not changed. Downstream battery companies have strong bargaining power and severe price reductions, making prices basically unchanged.

According to the price monitoring of SunSirs, on September 9, 2020, there were 19 commodities in the chemical sector that rose month-on-month in the commodity price list. Among them, a total of 1 commodity increased by more than 5%, accounting for 1.1% of the monitored commodities in this sector. ; The top 3 commodities were TDI (7.17%), baking soda (4.17%), and acetone (3.45%). There were 7 products that fell from the previous month. The top 3 products were lithium carbonate (-2.00%), potassium sulfate (-0.93%), and propylene glycol (-0.82%).

Market outlook

Lithium carbonate analysts of SunSirs believe that the current large lithium salt factories are close to full production and may be in short supply from the perspective of production capacity. However, the cost of downstream materials is under pressure, and when to increase it still needs to be judged according to market conditions. It is expected that the price of lithium carbonate may still be operating in a shock adjustment state in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

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