SunSirs: Positive Policies Drove a Slight Rebound in Lithium Carbonate

Price trend

According to the Commodity Market Analysis System of SunSirs, there has been a slight rebound in lithium carbonate recently. As of July 1st, the benchmark price of battery grade lithium carbonate in China was 61,666 RMB/ton, up 2.44% month on month and down 38.33% year-on-year; The benchmark price of domestic industrial grade lithium carbonate was 59,466 RMB/ton, up 0.9% month on month and down 37.67% year-on-year.

Two major policies were being implemented to drive up the price of lithium carbonate

On June 26th, the General Office of the Ministry of Industry and Information Technology issued a notice on the implementation plan for deepening the green and low-carbon standardization of industry and information technology, proposing to promote the formulation and revision of more than 100 standards in the field of green and low-carbon by 2027, gradually improve the standard system, further enhance the efficiency of standardization work, and release positive policy signals to the new energy market.

On June 26th, the National Development and Reform Commission held a press conference for June, during which it was proposed that the commission will work with relevant parties to make the consumption of new energy a key focus of the construction of a new energy system, deeply implement support policies for various links such as power generation, transmission, and regulation, and continue to promote the high-quality development of new energy.

The fundamentals remained bearish

Due to price rebound, there was a trend of production recovery on the supply side.

The demand side was basically stable, with a flat performance. Although the battery side production increased, the demand growth rate was not as fast as the supply side increment.

The data analyst of SunSirs's lithium carbonate believes that although there was a slight rebound trend in the price of lithium carbonate, the fundamentals were difficult to support further price rebound. It is expected that the price of lithium carbonate will continue to fluctuate weakly in the near future, and specific market changes still need to be monitored.

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