According to the Commodity Market Analysis System of Shengyi Society, domestic lithium carbonate operated weakly in early March. As of March 5th, the average price of battery grade lithium carbonate was 76700 yuan/ton, a decrease of 2.66% from 78800 yuan/ton at the beginning of the year and a decrease of 28.58% from 107400 yuan/ton in the same period last year; The average price of industrial grade lithium carbonate is 74500 yuan/ton, a decrease of 2.49% from 76400 yuan/ton at the beginning of the year and a decrease of 24.29% from 98400 yuan/ton in the same period last year.
The destocking cycle has ended, and the situation of oversupply is difficult to change
At present, the operating rate of lithium carbonate enterprises is about 45%, which has increased compared to before the holiday. The inventory of lithium carbonate has ended and continues to accumulate, resulting in a serious overall supply-demand imbalance.
Downstream demand is improving, but overall growth rate is slowing down
The production of ternary materials and lithium iron phosphate has increased after the holiday. Although the first quarter was a low season for energy storage demand, some battery cell factories stocked up in advance, driving up the demand for lithium carbonate and increasing the operating rate of lithium iron phosphate enterprises.
Market forecast: The situation of oversupply of lithium carbonate is difficult to change, and it is difficult for the demand side to balance the pressure on the supply side. The upward momentum is insufficient, and it is expected that lithium carbonate will fluctuate weakly in the short term.
| http://www.polyvinylalcohols.com |