Price trend

According to the data monitoring of SunSirs, this week, the prices of industrial-grade and battery-grade lithium carbonate continued to rise. On September 8, the average price of industrial-grade lithium carbonate in East China was 490,000 RMB/ton, which was 1.45% higher than the average price at the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 483,000 RMB/ton on September 4). The average price of battery-grade lithium carbonate in East China on September 8 was 504,000 RMB/ton, an increase of 1.0% compared with the average price at the beginning of the week (the average price of battery-grade lithium carbonate in East China on September 4 was 499,000 RMB/ton).

Analysis review

Judging from the changes in the market, the price of lithium carbonate continued to rise this week. In terms of current market supply, with the gradual recovery of power cuts in Sichuan, market starts have increased, but product output still takes a few days. Affected by the recent epidemic and earthquake in Chengdu, some enterprises were still hampered in production. Superimposed on the epidemic situation in Qinghai, logistics and transportation were blocked, and the overall spot continued to be tight, which made the transaction price of lithium carbonate rise significantly.

In terms of demand, orders for the four major materials in the downstream market rose, and the demand for downstream 3C consumer electronics rebounded slightly. Market procurement was for trade, and traders might be reluctant to sell at low prices. Therefore, under the dual support of supply and demand, the price of lithium carbonate rose significantly.

The price of downstream lithium hydroxide remained stable. With the gradual recovery of power cuts in Sichuan this week, the production of lithium hydroxide manufacturers increased. After the sharp increase in the previous price, the price temporarily returned to stability this week.

The price of lithium iron phosphate in the downstream has increased. Recently, the price of lithium iron has risen slightly due to the rise of lithium salt and the high downstream demand. The price of iron and lithium in the market outlook may be stable and upward.

Market outlook

The lithium carbonate analyst of SunSirs believes that with the arrival of "golden September and silver October", downstream demand is readjusted rapidly, and the market is still in a state of weak supply and strong demand, which also drives the rise of lithium carbonate. It is expected that the price of lithium carbonate in the short term will remain stable and on the strong side.

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