According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate continued to fluctuate weakly at the end of December. As of December 19th, the domestic price of industrial grade lithium carbonate was 77400 yuan/ton, a decrease of 1% from the same period last month at 78200 yuan/ton; The domestic price of battery grade lithium carbonate is 79800 yuan/ton, a decrease of 1.2% from 80800 yuan/ton in the same period last month.
Suspension of destocking, weakening of fundamental margins
Since September, lithium carbonate has experienced continuous destocking due to stronger demand and reduced production in salt lakes. By the end of the year, the significant increase in pyroxene, mica, and recycling offset the reduction in salt lakes. At the same time, factories were operating at full capacity, and lithium carbonate was restocked, leading to a weakening of the fundamental margin.
Downstream demand maintains steady growth
The expected production of lithium iron phosphate remains at a high level, and considering the early demand for some orders before the Spring Festival, the material factory’s production capacity has increased. The policy effect of stabilizing national economic growth in the field of new energy vehicle power batteries continues to emerge, coupled with the continuation of local car purchase subsidies, promotional activities, and other measures, automobile consumption is expected to continue to grow in the fourth quarter.
Business Society’s lithium carbonate data analyst believes that the current total inventory of lithium carbonate is high and has begun to accumulate again, but the consumer situation is improving. It is expected that lithium carbonate will fluctuate in the short term, and specific market changes still need to be monitored.
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