Price trend

According to the data monitored by SunSirs, the price of industrial and battery grade lithium carbonate continued to rise this week. On October 20, the average price of industrial lithium carbonate in East China was 534,000 RMB/ton, which was 2.5% higher than the average price at the beginning of the week (on October 16, the average price of industrial lithium carbonate in East China was 521,000 RMB/ton). On October 20, the average price of battery grade lithium carbonate in East China was 550,000 RMB/ton, 2.42% higher than the average price at the beginning of the week (on October 16, the average price of battery grade lithium carbonate in East China was 537,000 RMB/ton).

Analysis review

According to the observation of market changes, the price of lithium carbonate continued to rise this week, and the price hit new highs repeatedly. In terms of market supply, the situation of tight supply had not eased. In addition, the supply of lithium carbonate had been greatly affected by the problems of logistics and transportation in some regions due to the impact of control. However, large factories still focused on long order delivery, and there were still few lithium carbonate orders in the market.

On the demand side, the downstream is in the sales peak season of new energy vehicles in "golden September and silver October". In addition, the new energy subsidy will completely decline next year, and some auto enterprises enter the demand for stock in advance, and the demand for energy batteries increases. Therefore, the lithium battery manufacturers' demand for raw materials has also increased significantly. In the case of weak supply and strong demand, the price of lithium carbonate has kept hitting new highs.

The price of lithium hydroxide in the downstream was rising, the price of spodumene in the upstream was high, and the cost support was still strong. The demand for ternary high nickel was rising steadily, and the overall growth rate was increasing significantly. With the support of the high price of lithium carbonate, the transaction price of lithium hydroxide market rose recently.

The price of downstream lithium iron phosphate ran smoothly. The downstream purchased mainly just on demand. The purchasing atmosphere was general, the supply side was normal, and the operating rate was normal. Lithium iron phosphate mainly arranged orders and delivered goods to contract customers, and did not receive new orders. The overall market negotiation atmosphere was fair.

Market outlook

Lithium carbonate analysts from SunSirs believe that recently, due to the impact of market logistics control, the price of lithium carbonate has accelerated. In addition, the end of the year is approaching, the terminal car market is favorable, driving the market demand to continue to rise. It is expected that the price of lithium carbonate will remain at a high level in the short term, and the operation will be fluctuated and consolidated.

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