According to the data monitoring of the Business News Agency, the price of industrial and battery grade lithium carbonate continued to decline this week. As of February 9, the average domestic mixed price of industrial grade lithium carbonate was 441600 yuan/ton, down 4.33% from the average price of 461600 yuan/ton on February 5. The average domestic mixed price of battery grade lithium carbonate on February 9 was 467600 yuan/ton, down 3.9% from the average price of 486600 yuan/ton on February 5.
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From the observation of market changes, the price of lithium carbonate this week is still in a continuous cooling. Although the market inquiry began to increase, the spot transaction was relatively small. However, some manufacturers are still repairing or maintaining a low start-up rate, and the supply situation is temporarily dominated by de-stocking.
In terms of demand, the current procurement demand in the downstream market is still weak in the short term, and the demand recovery cycle is uncertain. However, some lithium salt plants and anode plants are still negotiating the details of long order signing, resulting in the market being in a wait-and-see state without purchasing intention, and the traders’ quotations are also continuously reduced, so the price of lithium carbonate continues to be weak and volatile.
The downstream lithium hydroxide market is stable, and the price is mainly stable after the price reduction last week. At present, the first-tier manufacturers in the market mainly export, and only a small number of orders are supplied to the domestic market. However, domestic demand is weak, and inquiry is increasing, but there are few transactions with zero orders. The stable price is mainly wait-and-see.
The downstream lithium iron phosphate market is stable, and the price of lithium iron phosphate is highly linked with lithium salt. In the case of low operating rate before the month, the general lithium salt inventory of enterprises is still at a high level, and the short-term procurement demand is low. In addition, the overall market demand is still in the process of gradual recovery, and the short-term stable wait and see.
According to the lithium carbonate analyst of the Business Agency, the market is in a state of strong supply and weak demand, and the upstream and downstream markets are in the process of negotiation and signing, and the market price continues to be weak for the time being. In addition, the construction situation has not yet fully recovered, the short-term lithium carbonate price is expected to remain volatile.
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