According to the monitoring of the commodity market analysis system of Business Society, the overall prices of industrial grade and battery grade lithium carbonate showed a “continuous decline” trend in June. On June 31st, the average domestic mixed price of industrial grade lithium carbonate was 95552 yuan/ton, a decrease of 7.23% compared to the average price of 103000 yuan/ton on June 1st. On June 31st, the average domestic mixed price of battery grade lithium carbonate was 10188 yuan/ton, a decrease of 8.42% compared to the average price of 109400 yuan/ton on June 1st.
On the supply side, the monthly production of lithium carbonate in June was 64868 tons, an increase of 2330 tons compared to the previous month and a year-on-year increase of 58%; Among them, the production of battery grade lithium carbonate reached 41075 tons, an increase of 1070 tons from the previous month and a year-on-year increase of 56%; The production of industrial grade lithium carbonate reached 23793 tons, an increase of 1260 tons from the previous month and a year-on-year increase of 61%.
Specifications/ Production in June (tons)/ Production increase in June (tons)/ YoY growth rate of production in June
Battery level/ 41075./1070./56%
Industrial grade/ 23793./1260./61%
The operating rates of each major production area are gradually increasing, and there is a certain short-term increase in supply. The supply side is expected to continue to stack up.
Cost side: Some top lithium salt enterprises were in the stage of increasing production in June, and some small and medium-sized mica smelters received increased OEM orders, resulting in an increase in the total production of lithium carbonate at the lithium mica end in June. In terms of salt lakes, most lithium carbonate production enterprises at the salt lake end were in a peak production period in June, and there have been no recent changes in production conditions, resulting in relatively stable production.
On the demand side, the monthly demand for lithium carbonate in June was 68053 tons, a decrease of 4738 tons from the previous month and a year-on-year increase of 7.04%. The production schedule of the battery factory in June is expected to remain basically unchanged compared to the previous month, while major factories still rely on long-term cooperative customer supply as the main rigid procurement. According to research, the overall production schedule of material factories in July slightly increased compared to June. In terms of the terminal market, according to preliminary estimates from the China Association of Automobile Manufacturers, wholesale sales of new energy passenger vehicles in China reached 970000 units in June, a year-on-year increase of 28% and a month on month increase of 8%. The demand for new energy vehicles is about to enter the off-season, and power battery manufacturers are maintaining production reduction and inventory reduction, while maintaining essential procurement or delaying delivery of raw materials.
Demand in June (tons)/ The decrease in demand in June (tons)/ Growth rate of demand in June
68053./4738./7.04%
According to analysts from Shengyishe Lithium Carbonate, the rapid growth in supply combined with slowing demand has led to a continuous decline in lithium carbonate prices in June, and the subsequent improvement in demand may not be until August. In mid July, warehouse receipts will undergo centralized cancellation, which will further put pressure on the spot market.
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