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Business Club: After the New Year's Day, the price of lithium carbonate has continued to rise in the short term.​

http://www.100ppi.com January 7, 2022 15:52:38 ​

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According to the data monitoring of the business agency: after the New Year's Day holiday, the prices of industrial-grade and battery-grade lithium carbonate kept rising, and the prices kept hitting new highs. On January 7, the average price of industrial-grade lithium carbonate in East China was 289,000 yuan/ton, an increase of 8.65% compared with the beginning of the week (the average price of industrial-grade lithium carbonate in East China was 266,000 yuan/ton on January 3). On January 7, the average price of battery-grade lithium carbonate in East China was 304,000 yuan/ton, which was 7.8% higher than that at the beginning of the week (the average price of battery-grade lithium carbonate in East China was 282,000 yuan/ton on January 3). As of January 7, the comprehensive market quotation of industrial-grade lithium carbonate is around 267,000~318,000 yuan/ton, and the comprehensive market quotation of battery-grade lithium carbonate is around 277,000~325,000 yuan/ton.

Judging from the changes in the market, the price of lithium carbonate continued to rise this week, and the quotations kept hitting new highs. After the holiday, the major factories in the market have stopped production for maintenance and natural gas has been restricted in Qinghai, resulting in a still low supply, so the quotations of some companies are still rising. At present, the volume of lithium carbonate is tight, and various companies basically supply long-term cooperative customers. In addition, the price continues to be high and the transaction volume is relatively small. As the Spring Festival is approaching, domestic mainstream ternary and iron-lithium manufacturers are still stocking up raw materials before the festival and in February and March, and the rhythm of procurement remains unabated.

The price of downstream domestic industrial-grade lithium hydroxide after the festival is serious, and the quotations of mainstream manufacturers also continue to rise, and the transaction price has risen significantly. In terms of supply, some manufacturers are limited by factors such as the delayed arrival of lithium concentrate and the shortage of raw materials, resulting in no significant increase in output, while downstream manufacturers have a large demand for raw materials, so the transaction price is at a high level.

The price of lithium iron phosphate in the downstream has risen. At present, the price of lithium salt at the raw material end is on an upward trend. At the same time, driven by the price of upstream yellow phosphorus, the prices of phosphoric acid and iron phosphate have also risen, pushing up the cost of lithium iron phosphate. However, downstream battery companies focus on stocking up during the Spring Festival and centralized procurement, and they are relatively more accepting of the price increase of iron and lithium.
Lithium carbonate analysts of the business club believe that due to the advance of the Spring Festival holiday, the market's stocking sentiment has not diminished, and some companies with serious shortages are still more accepting of high-level lithium carbonate quotations. Subsequent outages in logistics and transportation may also have an impact, and it is expected that the price of lithium carbonate will continue to rise in the short term.​