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SunSirs: The Price of Lithium Carbonate Was Still Rising, and the Price Is Stable in the Short Term
August 05 2022 10:40:50SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the prices of industrial-grade and battery-grade lithium carbonate continued to fluctuate upwards this week. On August 4, the average price of industrial grade lithium carbonate in East China was 462,600 RMB/ton, which was 0.35% higher than the average price at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 461,000 RMB/ton on July 31). On August 4, the average price of battery-grade lithium carbonate in East China was 480,200 RMB/ton, which was 0.13% higher than the average price at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 479,600 RMB/ton on July 31).

Analysis review

Judging from the changes in the market, the price of lithium carbonate is still in a state of slight upward trend this week. At present, the major factories in the market are still undergoing maintenance, and the supply side is still tight. With the increase in the production and sales of downstream new energy vehicles, the demand for material factories has increased. After consuming its own inventory, the purchase intention of lithium carbonate raw materials has strengthened, so the price of lithium carbonate has maintained an upward trend.

The price of downstream lithium hydroxide continued to be stable, the supply side decreased with the alternating maintenance of major factories, and the growth rate of lithium hydroxide exports weakened with the changes in the international situation, and the overall price of lithium hydroxide stabilized.

The price of ferrous lithium phosphate in the downstream has been slightly increased. As the prices of lithium salt and iron phosphate are still at a high level, the terminal market is strongly recovering, and the downstream demand and purchase of ferrous lithium phosphate materials have increased significantly, which has led to an increase in prices.

Market outlook

The lithium carbonate analyst of SunSirs believes that the current downstream enterprises are affected by the pressure of their own capital chain, and the acceptance of high-priced lithium carbonate is still not good, so the wait-and-see attitude still exists, and there is no willingness to stock up a lot. It is expected that the price of lithium carbonate will be stable to strong fluctuations in the short term.

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