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SunSirs: Lithium Carbonate Prices Are Relatively Strong and May Continue to Be High in the Short Term
November 12 2021 14:02:14SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of industrial-grade and battery-grade lithium carbonate has risen slightly this week, and the price is still in a state of slight adjustment. On November 11, the average price of industrial-grade lithium carbonate in East China was 186,800 RMB/ton, a 1.08% increase compared with the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 184,800 RMB/ton on November 7). On November 11, the average price of battery-grade lithium carbonate in East China was 195,000 RMB/ton, a 1.04% increase compared with the beginning of the week (the average price of battery-grade lithium carbonate in East China was 193,000 RMB/ton on November 7). As of November 11, the comprehensive quotation of the industrial grade lithium carbonate market was around 183,000~193,000 RMB/ton, and the comprehensive quotation of the battery-grade lithium carbonate market was around 193,000~205,000 RMB/ton.

Analysis review

Judging by observing market changes, the price of lithium carbonate has risen slightly this week, but most companies have basically maintained price stability. At present, the number of inquiries on the demand side has increased, and the inquiries are mainly from lithium iron phosphate companies. The price of battery-grade lithium carbonate and quasi-battery-grade lithium carbonate has increased relatively significantly. In terms of industrial grade lithium carbonate, the market shipment situation is slightly unsatisfactory, and the price is mostly in a state of continuous maintenance.

According to data, China's lithium carbonate production in October was about 19,792 tons, an increase of 1% month-on-month and a year-on-year increase of 40%.With the power curtailment in many places in China basically returning to normal production, the output of lithium carbonate has rebounded significantly. However, the Qinghai region was affected by the low temperature, and the output was relatively reduced, and the inventory was also reduced. However, there are still some new production lines in November, which will ease the tight supply and demand.

The downstream domestic industrial-grade lithium hydroxide market is operating steadily. At present, the price of raw material spodumene is high, and the price of lithium carbonate maintains a steady upward trend. There is still support in terms of cost, the supply side is relatively sufficient, the demand side export orders are better, the domestic downstream demand is flat, and the price is running steadily.

In terms of lithium iron phosphate, the market is mainly operating stably, and the price has increased by 2.3% compared to the same period last week. The price of lithium iron phosphate is stable and strong, the upstream market is running high, the focus of negotiation is high, the transaction atmosphere is strong, and the lithium iron phosphate market maintains a steady and strong trend.

Market outlook

Lithium carbonate analysts of SunSirs believe that the current lithium carbonate market is still in the demand range, the market inventory is still good, and most practitioners are in a wait-and-see state. It is expected that the price of lithium carbonate will remain in a strong consolidation state in the short term.

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

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