According to the price monitoring of the business agency, in November, the price of lithium carbonate in East China market showed a downward trend in a step-by-step manner, and neither the industrial level nor the battery level showed a positive trend. On November 27, the average price of industrial lithium carbonate in East China was 48400 yuan / ton, 8.33% lower than that at the beginning of the month. On November 27, the average price of battery grade lithium carbonate in East China was 54800 yuan / ton, 8.97% lower than that at the beginning of the month.

According to the observation of market changes, the price of lithium carbonate has been slightly lower since the beginning of November. Affected by the weak demand in the downstream market, the industry transaction is flat, so the enterprise has to reduce the price to ensure the delivery of products, and the supply and demand of the market has not improved significantly. By the end of November, the price of lithium carbonate continued to decline, and the downstream power battery market had no difference in production reduction, which made the market transaction more difficult. It is understood that in the current lithium carbonate supply market, some enterprises expand production “to make up the price by quantity”, while others are struggling to maintain production because the price breaks through the cost line. With the market entering the annual single negotiation period in the fourth quarter, the price of lithium carbonate may continue to be under pressure, so it is difficult for the overall price of the industry to rise.

At present, the market price of lithium carbonate is in a strong downturn, and smelters may reduce production to cope with pessimistic prices. In addition, as the end of the year approaches, some enterprises may also sell goods at a low price in order to collect money, and there may still be pressure on prices in the fourth quarter. This month, the comprehensive price of industrial grade lithium carbonate is in the range of 45000-52000 yuan / ton, and the comprehensive price of battery grade lithium carbonate is in the range of 52000-57000 yuan / ton.

According to analysts of lithium carbonate of business association, at present, due to the downriver market being shrouded in pessimistic expectations, the price of lithium carbonate is still in low volatility, and the supply and demand pattern of the spot market is still declining. The price fluctuation can focus on whether the demand for stock up during the spring Festival has improved. It is expected that the low price of lithium carbonate will continue in the short term.