Price trend

According to the data monitoring of SunSirs, the prices of industrial-grade and battery-grade lithium carbonate continued to rise slightly this week. On September 22, the average price of industrial grade lithium carbonate in East China was 498,000 RMB/ton, which was 0.81% higher than the average price at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 494,000 RMB/ton on September 18). The average price of battery-grade lithium carbonate in East China on September 22 was 514,000 RMB/ton, an increase of 0.78% compared with the average price at the beginning of the week (the average price of battery-grade lithium carbonate in East China on September 18 was 510,000 RMB/ton).

Analysis review

By observing market changes, the price of lithium carbonate still showed a slight increase this week. In terms of market supply, the market spot was still relatively tight, and the leading manufacturers still mainly delivered long-term orders. Most of the external quotations were temporarily postponed due to no spot sales. In Qinghai, affected by the epidemic, transportation control was still relatively strict, resulting in slow shipments of lithium carbonate.

On the demand side, the ramp-up rate of production capacity in the downstream market continued, resulting in an increase in the demand for lithium carbonate. In addition, with the arrival of the fourth quarter, downstream energy companies were preparing for the storage of lithium salt raw materials for the end of the year, and the procurement performance was positive. In the state of weak supply and strong demand, the price of lithium carbonate continued to rise.

The price of downstream lithium hydroxide was stable. Due to the high price of lithium carbonate, the support for the lithium hydroxide market was strong. Large manufacturers gave priority to long-term order delivery, the spot supply in the market was still tight. The enthusiasm for downstream inquiries was good, and under multiple supports, the lithium hydroxide market negotiation center of gravity was running firmly at a high level.

Downstream ferrous lithium phosphate prices increased. Lithium salt maintained an upward trend, and the cost of ferrous lithium phosphate rose slightly, and some manufacturers' quotations increased due to the cost of raw materials. The obvious increase in downstream demand and the increase in purchases also drove the price of ferrous lithium phosphate to rise.

Market outlook

Lithium carbonate analysts of SunSirs believe that the price of lithium carbonate has maintained a continuous rise recently. At present, the price is basically at a relatively high level, and some companies' quotations are basically stable and wait-and-see. It is expected that the price of lithium carbonate will be sorted out at a high level in the short term.

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