According to the monitoring of the commodity market analysis system of the business agency, the prices of industrial and battery grade Lithium carbonate still showed a downward trend this week. On July 6, the average domestic mixed price of industrial Lithium carbonate was 291000 yuan/ton, down 2.35% from the average price of 298000 yuan/ton on July 2. On July 6, the domestic mixed average price of battery grade Lithium carbonate was 308600 yuan/ton, down 1.22% from the average price of 312400 yuan/ton on July 2.
According to the observation of market changes, the price of Lithium carbonate this week is stable and declining. At present, the production of Lithium carbonate market is running smoothly, but the upstream and downstream of the market are playing a heavy game. The upstream holders have obvious willingness to support prices, and the downstream procurement is rational. At present, the market transactions are dominated by small orders. Due to the end of financial reporting pressure, the market price cut has eased, but some enterprises still slightly reduced the price of Lithium carbonate.
In terms of demand, there is currently a demand for downstream restocking, and some material factories are experiencing urgent purchases due to low inventory levels, which has led to a strong market sentiment towards high prices. In addition, some terminals also have the trend of synchronously lowering prices for material factories, so material factories are facing dual pressure from upstream and downstream, and their purchasing intentions are more cautious.
Downstream Lithium hydroxide prices showed a downward trend. Because Lithium carbonate prices showed a fluctuating decline, the market support for Lithium hydroxide was weak, the market supply was relatively abundant, the downstream purchasing mentality was cautious, the enthusiasm for receiving goods was not high, the market trading atmosphere was light, and the price focus of Lithium hydroxide fell.
The price of Lithium iron phosphate in the downstream is stable, while the price of Lithium carbonate in the upstream is weak, which makes the support of Lithium iron phosphate at the cost end weak. In addition, the manufacturer supplies only old customers, and does not take orders from new customers. However, the market is squeezed by both upstream and downstream pressures, and the purchasing intention is relatively cautious.
Lithium carbonate analysts from the business agency believe that the current upstream and downstream game state of the Lithium carbonate market continues. Although the recent purchase demand is good, the market activity is low. Therefore, some enterprises are still exploring the price of Lithium carbonate to increase shipment. It is expected that the price of Lithium carbonate may continue to fluctuate in the short term.
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