Lithium Carbonate Prices Continue to Rise And Continue to Run at High Levels in The Short Term

Industrial-grade and battery-grade lithium carbonate prices continued to rise this week. On January 20, the average price of industrial grade lithium carbonate in East China was 332,600 CNY/ton, which was 5.72% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 314,600 CNY/ton on January 16). On January 20, the average price of battery-grade lithium carbonate in East China was 360,000 CNY/ton, which was 7.14% higher than that at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 336,000 CNY/ton on January 16). As of January 20, the comprehensive quotation in the industrial-grade lithium carbonate market is around 300,000~360,000 CNY/ton, and the comprehensive quotation in the battery-grade lithium carbonate market is around 340,000~400,000 CNY/ton.

By observing the changes in the market, the price of lithium carbonate continued to rise sharply this week, and the price of lithium carbonate in the market appeared high. Last week, due to the sharp drop in the price of lithium in Wuxi, some companies in the market released a small amount of goods. However, the limited inventory and high downstream demand did not have much impact on the price of lithium carbonate, and the spot price remained high. As the Spring Festival holiday is approaching, downstream lithium iron phosphate enterprises still have some stocking gaps, and ternary manufacturers have sufficient raw materials supported by some long orders. Therefore, in the state of tight supply of lithium carbonate, the price continues to run at a high level. This week, domestic logistics and transportation have been gradually suspended, and some lithium carbonate companies are also reluctant to sell, so prices continue to rise.

The downstream lithium hydroxide market continues to rise. Recently, the price of raw material spodumene is high, the price of lithium carbonate is running strongly, and the cost support is strong. Lithium hydroxide is actively following up with lithium carbonate, and some companies are actively preparing warehouses, and the market trading atmosphere is acceptable.

The price of downstream lithium iron phosphate continues to rise. At present, manufacturers are actively shipping, the supply side is tight, and the focus of negotiation is high. The overall market negotiation atmosphere is acceptable. The overall market is strong.

Lithium carbonate analysts of the business club believe that the current logistics market may gradually begin to stagnate, and upstream shipments are gradually decreasing, while most manufacturers focus on long-term cooperation with customers. There are bidding sales on the side of traders, and it is expected that the price of lithium carbonate will continue to be high in the short term. run.