Business Club: Lithium carbonate rose fiercely in December and continued to rise in the short term
According to the price monitoring of the business agency, the price of industrial grade and battery grade lithium carbonate in East China market rose fiercely in December, and the price reached a record high at the end of the month. As of December 30, the average price of industrial-grade lithium carbonate in East China was 265,000 yuan/ton, which was 36.6% higher than the average price at the beginning of the month (the average price in East China was 194,000 yuan/ton on December 1st). On December 30, the average price of battery-grade lithium carbonate in East China was 281,000 yuan/ton, a 37.07% increase compared with the average price at the beginning of the month (the average price in East China on December 1 was 205,000 yuan/ton). Until the 30th, the comprehensive price of industrial-grade lithium carbonate was at RMB 247-27.8 million per ton, and the comprehensive price of battery-grade lithium carbonate was at RMB 257-290 per ton.
From the observation of market changes, the price of lithium carbonate continued to rise in the first half of December, and the tight supply pattern continued. As the end of the year is approaching, the trading volume of the lithium carbonate market begins to increase, and the market quotation continues to increase. Coupled with the successive overhauls of major lithium salt factories in the market, the supply has dropped significantly. Since the Spring Festival this year is earlier than last year, the downstream market demand is still more obvious, and the purchase of lithium carbonate is continuously increasing. Since overseas is gradually entering the New Year’s holiday, port shipping schedules have been postponed, which will have a certain impact and gaps in market supply
In late December, the price of lithium carbonate has risen again and again, and the rate of increase has continued to increase. At the end of the year, the mood of stocking became more serious, which led to the continuous increase of market purchases. The output of downstream lithium iron phosphate and ternary materials has also increased significantly, so the demand for lithium carbonate continues to rise. As the domestic market has decreased significantly, the supply of goods is relatively tight, and the market is in a state of being hard to find. Therefore, manufacturers and traders have raised the price of lithium carbonate. At the end of the month, the lithium carbonate market was in high demand for capital withdrawal from the upstream and the downstream stocking sentiment was heavy, and the price increase rate continued to increase. The price of downstream lithium hydroxide rose steadily in December. The price of raw material spodumene has been operating strongly, and the cost support is obvious. The market inquiry and purchasing atmosphere has improved, and the promotion atmosphere has been strong. In addition, the demand for lithium carbonate has skyrocketed for the production of lithium carbonate by carbonization. , The price of industrial-grade lithium hydroxide rose significantly. n December, the market price of lithium iron phosphate showed an upward trend. On the raw material side, the price of lithium carbonate has risen rapidly recently. The manufacturing cost of lithium iron phosphate companies has risen sharply along with the lithium salt. The new capacity of the domestic lithium iron phosphate industry continues to climb, but the current supply of lithium carbonate is still tight and procurement is difficult. To a certain extent, the release of manufacturers' production capacity is restricted. The terminal power market demand remains unchanged, and orders remain high.
According to Lithium Carbonate Analyst of Business Society, with the approach of the Spring Festival holiday, logistics will be suspended around mid-January. Therefore, there may be a centralized procurement of lithium carbonate in early January, and logistics and transportation costs may also follow. Rising, the price of lithium carbonate is expected to continue to rise in the short term.
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