According to the commodity market analysis system of SunSirs: the price of lithium carbonate has continued to fluctuate in recent days. As of June 17, the SunSirs benchmark price of domestic battery-grade lithium carbonate was 60,366 RMB/ton, down 5.23% from 63,733 RMB/ton in the same period last month, and down 42.73% from 105,400 RMB/ton in the same period last year; the SunSirs benchmark price of domestic industrial-grade lithium carbonate was 58,566 RMB/ton, down 6.14% from 62,466 RMB/ton in the same period last month, and down 42% from 10,100 RMB/ton in the same period last year.

Supply side continues to grow

Domestically: Qinghai Salt Lake lithium extraction has entered the peak production season, and some lithium salt plants have been restarted after maintenance. The new production capacity of enterprises such as Salt Lake Co., Ltd. and Zangge Mining has continued to be released, and domestic supply pressure has continued.

Import: Overseas shipping data show that the import volume of lithium carbonate may decrease in June, but low-cost imported resources still suppress the domestic market.

The growth rate of both power and energy storage on the demand side slowed down

As the penetration rate of new energy vehicles in China has reached a high level, the growth rate has begun to decline. In May, the retail sales of new energy vehicles in China increased by 28% year-on-year, down 17 percentage points from the first quarter. The price war among car companies has led to a sluggish purchasing willingness of battery factories, and only just-needed purchases have been maintained.

In terms of energy storage, the issue of US tariffs has been repeated. In May, affected by the "rush to install", the shipment of energy storage batteries increased by 45%. Although the installed capacity is strong, there are still variables in the long run.

The lithium carbonate data analyst of SunSirs believes that: although the surplus of lithium carbonate has gradually narrowed, the pressure on the supply side still exists, and the demand side has a contraction trend. It is expected that the price of lithium carbonate will still have no rebound momentum and continue to fluctuate on the cost line. It is still necessary to pay attention to market changes.

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