According to the data monitored by SunSirs, the prices of industrial and battery grade lithium carbonate continued to rise after the National Day holiday. On October 13, the average price of industrial lithium carbonate in East China was 521,000 RMB/ton, which was 3.95% higher than the average price at the beginning of the week (on October 9, the average price of industrial lithium carbonate in East China was 501,200 RMB/ton). On October 13, the average price of battery grade lithium carbonate in East China was 537,000 RMB/ton, which was 3.75% higher than the average price at the beginning of the week (on October 9, the average price of battery grade lithium carbonate in East China was 517,600 RMB/ton).
Analysis review
From the observation of market changes, the price of lithium carbonate kept rising after the holiday. In terms of market supply, the factory production was normal during the National Day holiday, and the lithium carbonate shipment was relatively stable, but the lithium carbonate output of large factories was mainly based on long delivery orders. There were still relatively few lithium carbonate orders in the market, so traders' quotations were relatively high.
On the demand side, the downstream inventory consumption and normal procurement demand remained unchanged. With the end of the holiday, the operating rate of the downstream terminal market increased, and the market procurement demand continued to increase, showing a positive performance. The current sales season of new energy vehicles is the traditional peak season of "golden September and silver October". The production of energy vehicles is increasing, so the demand for battery raw materials is rising, and the price is rising again and again.
The price of lithium hydroxide in the downstream was rising. Due to the high price of lithium carbonate, it had strong support for the lithium hydroxide market. Large factories gave priority to long-term orders for delivery. The spot supply in the market was still tight, and the downstream inquiry enthusiasm was good, which made the price keep rising.
The price of downstream ferrous lithium phosphate rose. The rise in the price of phosphorus and iron sources before the holiday supported the price of iron phosphate. The price of lithium salt continued to rise due to the tight supply of downstream stock. The manufacturing cost of ferrous lithium phosphate driven by raw materials rose. In the golden September and silver October phase, downstream stock was strengthened, driving the price up.
Market outlook
Lithium carbonate analysts from SunSirs believe that with the advent of "Silver October", the downstream market is actively stocking up, while the market is still short of lithium carbonate retail orders, traders' quotations are relatively high, and the market is bullish. It is expected that the price of lithium carbonate will continue to fluctuate to be strong in the short term.
