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SunSirs: Lithium Carbonate Prices Showed an Upward Trend and the Market Would Continue to Be Positive in the Short Term

November 13 2020 14:04:15     SunSirs (John)

According to the data monitoring of SunSirs: on November 12, the overall price trend of lithium carbonate began to rise slightly, ranging from 500-4000 RMB/ton. On November 12, the average price of industrial-grade lithium carbonate in East China was 39,900 RMB/ton, a 1.01% increase compared with the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 39,500 RMB/ton on November 9). The average price of battery-grade lithium carbonate in East China on November 12 was 44,500 RMB/ton, a 0.68% increase compared with the beginning of the week (the average price of battery-grade lithium carbonate in East China was 44,200 RMB/ton on November 9).

From the observation of market changes, the price of lithium carbonate showed an upward trend on the 12th, and the prices of industrial-grade lithium carbonate and battery-grade lithium carbonate both increased in varying degrees. In recent times, the price of lithium carbonate has been in a relatively rising range. As sales have become increasingly tight, prices have continued to rise, and the supply and demand structure is expected to gradually improve as the lithium battery industry continues to develop.

Recently, the trend of lithium battery concept stocks has been strong. With the gradual recovery of sales of new energy vehicles, the market trend of lithium batteries is also improving. Driven by favorable factors such as policies and markets, the power battery industry has ushered in a period of development opportunities. This has also led to an increase in the demand for lithium carbonate, coupled with the increase in production costs, making prices continue to rise. On the 12th, the comprehensive quotation price of the industrial grade lithium carbonate market was around 36,000-43,000 RMB/ton, and the comprehensive quotation price of the battery-grade lithium carbonate market was around 42,000-46,000 RMB/ton.

According to the price monitoring of SunSirs, on November 11, 2020, there were 23 commodities in the chemical sector of the commodity price list that increased month-on-month. Among them, there were 2 commodities that increased by more than 5%, accounting for 2.2% of the monitored commodities in this sector; the top 3 commodities with an increase were bisphenol A (7.64%), phenol (5.31%), and butadiene (3.73%). There were 5 products that fell from the previous month. The top 3 products were baking soda (-3.05%), liquid ammonia (-1.63%), and light soda ash (-0.89%).

Lithium carbonate analysts of SunSirs believe that the current market price of lithium carbonate continues to rise and market shipments are tight. Driven by rising demand and cost growth, it is expected that the lithium carbonate market will remain in a positive trend in the short term.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

 

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