Price trend

According to the data monitored by SunSirs, the price of industrial and battery grade lithium carbonate stopped rising this week, and some enterprises' quotations fell slightly. As of November 17, the average domestic mixed price of industrial lithium carbonate was 587,000 RMB/ton, down 0.68% compared with the average price of 591,000 RMB/ton on November 13. On November 17, the average domestic mixed price of battery grade lithium carbonate was 604,000 RMB/ton, a decrease of 0.82% compared with the average price of 609,000 RMB/ton on November 13.

Analysis review

According to the observation of market changes, lithium carbonate prices stopped rising and retreated this week, but only a few enterprises ha slightly lowered their prices, and most prices are still stable. Recently, due to the news that the battery factory planned to reduce production, the purchase of lithium salt would be reduced, and the sharp drop in the price of lithium carbonate in domestic electronic disk would lead to pessimism in the lithium carbonate market. In the early stage, there was also a large volume of lithium carbonate storage enterprises. Recently, large quantities of lithium carbonate imported from South America arrived at the port, and the market supply gap was timely supplemented, making the price loose and downward.

However, with the understanding of the market, the production status of the battery factory related enterprises in the lithium battery industry chain had not been adjusted. Most of the production was in a state of oversupply and positive. The market demand was expected to be optimistic next year. The overall commencement of lithium battery midstream enterprises was still in full swing. However, as the peak impulse period of the battery factory had passed, this year's new energy subsidy would completely decline. After the early centralized procurement, the procurement would gradually enter a dull period.

The price of lithium hydroxide in the downstream was stable. Recently, there were many factors affecting the market. The price of lithium carbonate stopped rising and dipped. The lithium hydroxide market was in a wait-and-see state. Enterprises still focused on long delivery orders. The spot supply in the market had also increased. The price remained stable, and most of them focused on shipping.

The price of lithium iron phosphate in the downstream slightly increased. As of the 17th, the downstream purchased just in needed mainly, and the operating rate was stable. The overall market of lithium iron phosphate remained stable and strong, and the manufacturer only supplied old customers and the number of new customers was limited.

Market outlook

The lithium carbonate analysts of SunSirs believe that the decline of subsidies for new energy this year led to the advance of the market impulse in the fourth quarter. The rising price of lithium carbonate in the early stage has some relevance to the terminal impulse. Later, the downstream demand of the market has gradually stabilized, and the lithium carbonate market may enter the state of destocking. However, supported by production costs, it is expected that the price of lithium carbonate will continue to fluctuate at a high level in the short term.

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