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Home > Lithium carbonate Lithium carbonate News > News Detail
Lithium carbonate Lithium carbonate News
SunSirs: Lithium Carbonate Off-season Approaching, Fundamental Is Expected to Return to Loose
October 29 2024 15:32:25SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the lithium carbonate market fluctuated at a low level at the end of October. As of October 28th, the average price of battery grade lithium carbonate was 79,000 RMB/ton, an increase of 1.54% from 77,800 RMB/ton at the beginning of the month and a decrease of 2.95% from 81,400 RMB/ton last week. The average price of industrial grade lithium carbonate was 76,400 RMB/ton, an increase of 1.6% from 75,200 RMB/ton at the beginning of the month, and a decrease of 3.05% from 78,800 RMB/ton last week.

Analysis review

Supply output maintained a month on month rebound, and supply pressure was maintained

In October, the annual production capacity of lithium carbonate smelting in China increased by 2,000 tons. Lithium carbonate was still in the stage of capacity expansion, with a weekly output of 13,423 tons, an increase of 66 tons compared to the previous period.

Demand remained strong

The consumption of terminal new energy vehicles remained strong under the promotion of policies and the seasonal effect of the traditional car market's "golden September and silver October": the production and sales volume of new energy vehicles, the loading volume of power batteries, the demand for energy storage projects, and the mid to high season had all increased, driving the destocking of lithium carbonate. The total inventory of lithium carbonate market showed a downward trend, factory inventory accumulated slightly, downstream inventory remained stable, and trade inventory rose.

Market outlook

SunSirs' lithium carbonate data analyst believes that the fundamental expectations for lithium carbonate are gradually returning to loose, and if there is no significant demand driven growth, it may further weaken.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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