According to the Commodity Market Analysis System of Shengyi Society, the domestic lithium carbonate market continued to operate weakly in August. From August 1st to 27th, the average market price of industrial grade lithium carbonate in China fell from 89600 yuan/ton to 80400 yuan/ton, with a price drop of 10.2% during the period and a year-on-year price drop of 62.7%; The average market price of battery grade lithium carbonate has dropped from 92200 yuan/ton to 82800 yuan/ton, with a price drop of 10.2% during the cycle and a year-on-year price drop of 64%.
Supply side: Due to the continuous decline of lithium carbonate in the past six months, lithium salt factories are facing cost pressure. Some companies have lowered their production expectations for August, but the extent of the reduction is limited and has not boosted the spot market. In terms of imports, multiple salt lake projects in Argentina will be put into operation in the second half of the year, and it is expected that the import volume of soy sauce in the second half of the year will be higher than that in the first half. The excess pressure is still quite evident.
Demand side: The market performance of positive electrode materials is average, and the willingness to stock up is not high. The customer supply and long-term cooperation basically meet the downstream production demand, and downstream enterprises adopt a cautious and wait-and-see attitude towards the future market.
Cost aspect:
The production of lithium mica has slightly decreased: the overall operating rate of lithium mica is low, and the demand for lithium mica from lithium salt factories is still weak, which has affected production enthusiasm. Although production has slightly decreased, mining companies still show a certain degree of price support sentiment.
Lithium spodumene imports remain high: There are many new production capacities for lithium spodumene in China, and overseas mining companies have strong price support sentiment. Some large lithium salt factories have sufficient inventory and are adopting a wait-and-see attitude towards new purchases.
Market forecast: Currently, lithium carbonate inventory is still at a high level, and there are no favorable factors on the demand side to support the rebound of lithium carbonate prices. The price of lithium carbonate will continue to operate weakly, depending on downstream market demand.
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