Lithium carbonate price decline and continues to be weak in the short term

According to the data monitored by the business community, the price of industrial grade and battery grade lithium carbonate has been declining continuously recently. As of December 21, the average domestic mixed price of industrial lithium carbonate was 525000 yuan/ton, a decrease of 6.08% compared with the average price of 559000 yuan/ton on December 11. On December 21, the average domestic mixed price of battery grade lithium carbonate was 545000 yuan/ton, down 5.71% compared with the average price of 578000 yuan/ton on December 11.

 

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According to the observation of market changes, the price of lithium carbonate has continued to decline in the near future. The price of large lithium salt plants has been slightly adjusted. Some of them have been sold on spot, and they are in a strong mood to support the price. They are also starting to sign a long-term agreement order for next year. However, traders have strong bearish sentiment, so the selling sentiment is heavy, and the transaction price keeps falling.

 

On the demand side, the downstream Sanyuan and lithium iron plants are not willing to purchase, the market transaction price and purchase price have been reduced, and the downstream and terminal markets are basically in the state of digesting inventory. In addition to the current increase in the spot volume of lithium carbonate, the price continues to weaken in the market where the supply is strong and the demand is weak.

 

The price of lithium hydroxide in the downstream has declined. At present, the first tier manufacturers of lithium hydroxide mainly export, the second tier manufacturers mainly supply domestic demand, and the lithium hydroxide market is dominated by long-term transactions. The spot market atmosphere is light. In addition, the recent decline in the upstream lithium carbonate price has weakened the support for lithium hydroxide. The shipment of the holders is under pressure, and the price reduction shipment has increased. The focus of the lithium hydroxide market negotiation has declined.

 

The price of lithium iron phosphate in the downstream is stable. At present, the downstream just needs to purchase, and the logistics is slow. In the short term, the early trend will be maintained. The manufacturer only supplies old customers, but the number of new customers is limited.

 

The lithium carbonate analysts of the business community believe that at present, the downstream and terminal markets have mainly digested the inventory, and the demand is declining. The price of lithium carbonate is unlikely to rise before the Spring Festival. The market sentiment and expected price continue to weaken. It is expected that the price of lithium carbonate will show a weak consolidation in the short term.

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