Price trend

According to the data monitoring of SunSirs, this week, the prices of industrial-grade and battery-grade lithium carbonate continued to rise. On January 13, the average price of industrial-grade lithium carbonate in East China was 313,600 RMB/ton, an increase of 8.51% compared with the price at the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 289,000 RMB/ton on January 9). On January 13, the average price of battery-grade lithium carbonate in East China was 336,000 RMB/ton, which was 10.53% higher than that at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 304,000 RMB/ton on January 9). As of January 13, the comprehensive quotation in the industrial-grade lithium carbonate market was around 270,000~330,000 RMB/ton, and the comprehensive quotation in the battery-grade lithium carbonate market was around 320,000~366,000 RMB/ton.

Analysis review

Judging from the changes in the market, the price of lithium carbonate continued to rise sharply this week, the market supply was still at a low level, and some traders' quotations for industrial-grade lithium carbonate and battery-grade lithium carbonate continued to increase. As the Spring Festival is approaching, the lithium salt factory enters the maintenance period, which leads to the continuous reduction of lithium salt production. However, under the background of strong downstream stocking demand, lithium salt prices continue to rise. At present, the stocking situation of the downstream market for February and March is not optimistic, and the market inquiries and purchasing demand will continue. After the Spring Festival holiday, downstream manufacturers may reduce production due to the shortage of lithium carbonate raw materials.

The downstream lithium hydroxide market is firm and rising. Since the beginning of the year, lithium hydroxide stocks have continued to fall, and lithium hydroxide has a strong sentiment to rise. The cost support is strong, the supply side is relatively stable, the demand side is active in follow-up, and the market has strong bullish sentiment.

The price of downstream ferrous lithium phosphate has risen, the overall market focus is on the high side, and the inventory is low. The downstream just needs to purchase mainly, and the transaction atmosphere is acceptable. The manufacturing cost of ferrous lithium phosphate has risen sharply driven by raw materials. On the demand side and terminal side, battery companies stock up at the end of the year. Ferrous lithium phosphate continues to replace ternary lithium manganate in small power, and power demand is rising.

Market outlook

Lithium carbonate analysts of SunSirs believe that the current production of lithium carbonate has declined for nine consecutive weeks, the gap between supply and demand is still widening, and the demand for cathode material production remains high. As the upstream shipment situation is still tight and the downstream stocking sentiment remains unabated, it is expected that the price of lithium carbonate will continue to rise in the short term.

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