SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: Lithium Carbonate Prices Rose Steadily
June 24 2022 10:11:38SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the prices of industrial-grade and battery-grade lithium carbonate continued to rise steadily this week. On June 23, the average price of industrial grade lithium carbonate in East China was 460,000 RMB/ton, which was 0.66% higher than the average price at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 457,000 RMB/ton on June 19). On June 23, the average price of battery-grade lithium carbonate in East China was 478,000 RMB/ton, which was 0.63% higher than the average price at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 475,000 RMB/ton on June 19).

Analysis review

By observing market changes, the price of lithium carbonate is still rising this week. At present, the production performance of upstream manufacturers is stable, and the market is more active in inquiries for lithium carbonate, but there are few single-order transactions, and the purchase is mainly based on just-needed purchases. With the optimistic attitude of the market recovery after the epidemic, the price support in the lithium carbonate market has become serious.

The price of downstream lithium hydroxide is running stably, the price of upstream spodumene is high, and the price of upstream lithium carbonate is rising steadily, which supports the price attitude of manufacturers. The supply side is mainly stable, the downstream procurement demand is generally average, the inventory is mainly digested, the market transaction is flat, and the domestic industrial-grade lithium hydroxide market price is stable.

Downstream lithium iron phosphate prices run smoothly. At present, the supply of manufacturers is still tight, and the supply side is obviously insufficient. It is mainly based on contract customers arranging orders for delivery, and the number of new orders is limited. The overall market negotiation atmosphere is acceptable, the price remains high, the upstream remains high, continues to run at a high price, and the cost pressure of lithium iron phosphate remains.

Market outlook

The lithium carbonate analyst of SunSirs believes that due to the continuous high price of lithium carbonate, the downstream market is not willing to receive goods, and the overall market has a strong game sentiment, and most of them take a wait-and-see attitude. It is expected that the price of lithium carbonate will remain stable in the short term.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products