Price trend

According to the data monitoring of SunSirs, the prices of industrial-grade and battery-grade lithium carbonate rose slightly this week. On July 21, the average price of industrial-grade lithium carbonate in East China was 460,000 RMB/ton, which was 0.22% higher than the average price at the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 459,000 RMB/ton on July 17). The average price of battery-grade lithium carbonate in East China on July 21 was 478,600 RMB/ton, an increase of 0.13% compared with the average price at the beginning of the week (the average price of battery-grade lithium carbonate in East China on July 17 was 478,000 RMB/ton).

Analysis review

By observing market changes, the price of lithium carbonate showed a slight upward trend this week. The supply of lithium carbonate in the market was relatively stable, and the major manufacturers still supplied long-term orders. In order to drive the trend of the lithium carbonate market, some traders raised their quotations slightly, but most of the actual transactions were discussed one by one. The downstream demand was still mainly based on just-needed procurement, and the high-priced lithium carbonate was still in a wait-and-see state.

The downstream lithium hydroxide price continued to be stable, the market transactions were relatively light, the production was relatively stable, the supply side changed little, and the rigid production of orders was maintained.

The price of downstream ferrous lithium phosphate was running smoothly, mostly based on just-needed procurement, and the procurement atmosphere was general. The supply of manufacturers is still tight, and the supply side is obviously insufficient. It was mainly for contract customers to deliver goods according to the order of the order, the number of new orders was limited, and the overall market negotiation atmosphere was acceptable.

Market outlook

Lithium carbonate analysts of SunSirs believe that although the price of lithium carbonate has a slight upward trend recently, the market demand has not changed significantly, and the acceptance of high-priced lithium carbonate prices is not good. In addition, due to the stable price of ferrous lithium phosphate, the cost of lithium salt is also under certain pressure. It is expected that the price of lithium carbonate will remain stable in the short term.

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