According to the market analysis system of SunSirs: lithium carbonate has continued to decline recently. As of June 3, the SunSirs benchmark price of domestic battery-grade lithium carbonate was 59,900 RMB/ton, down 24% from the beginning of the year; the SunSirs benchmark price of domestic industrial-grade lithium carbonate was 58,933 RMB/ton, down 22.86% from the beginning of the year.

Lithium carbonate prices are falling, and lithium ore cost support disappears

Due to the continuous decline in lithium carbonate prices, the acceptable lithium ore price has continued to decline, and the downward ore price has also exerted a strong drag on lithium carbonate prices. In the future, although some high-cost lithium mines have reduced production or even stopped production, with the arrival of the peak production season at the salt lake end, low-cost lithium resources have increased, and the overall new supply is still large.

The downstream market of lithium carbonate is flat and demand is not strong

The growth rate of terminal vehicle sales has slowed down, which is lower than expected. The upward transmission has led to weak demand on the material side. Except for the increase in production of individual leading battery cell factories, the overall market demand is flat. Affected by the external environment, the energy storage battery market has rebounded, but in the long run, uncertainties have increased.

The lithium carbonate data analyst of SunSirs believes that the current supply and demand pattern of lithium carbonate has not been reversed. There is pressure from upstream ore to terminal demand. It will still fluctuate weakly in the short term, and specific market changes still need to be paid attention to.

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