Lithium Carbonate Prices Continue To Rise After The Festival, And The Short-term Steady Rise

Industrial-grade and battery-grade lithium carbonate prices continued to rise this week. On February 10, the average price of industrial-grade lithium carbonate in East China was 369,600 CNY/ton, which was 4.23% higher than that at the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 354,600 CNY/ton on February 6). On February 10, the average price of battery-grade lithium carbonate in East China was 394,000 CNY/ton, which was 3.14% higher than that at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 382,000 CNY/ton on February 6). As of February 10, the comprehensive quotation in the industrial-grade lithium carbonate market was around 320,000~400,000 CNY/ton, and the comprehensive quotation in the battery-grade lithium carbonate market was around 360,000~420,000 CNY/ton.

From the observation of market changes, after the Spring Festival holiday, the price of lithium carbonate continued to rise steadily. At present, the upstream and downstream markets are in a state of resumption of production and work, so the market demand will gradually increase. Around mid-February, domestic lithium carbonate overhaul companies will gradually resume normal production, and the supply will also increase. In the downstream, although cathode material companies have slightly reduced production, the demand for lithium carbonate is still at a high level.

The downstream lithium hydroxide market is on the rise. At present, the upstream lithium carbonate prices are tight and the cost support is strong. Some manufacturers are in the maintenance period, and the demand side performance is acceptable, and the focus of market discussions is rising.

The price of downstream lithium iron phosphate has risen steadily. At present, the price of upstream raw materials continues to rise, the supply side is tight, the focus of negotiation is high, and the downstream demand is still at a high level, which has a certain support for the price of lithium iron phosphate, and the price continues to be strong.

Lithium carbonate analysts believe that as the downstream market gradually enters the production track after the festival, the demand for lithium carbonate will continue to increase, and it is expected that the price of lithium carbonate will continue to rise in the short term.