According to the data of the business agency, the price of lithium carbonate continued to rise this week, and the prices of industrial carbon and electric carbon have risen and fluctuated by 1000 yuan / ton in recent years. The average price of industrial grade lithium carbonate in East China on December 10 was 45600 yuan / ton, which was 1.79% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China on December 6 was 44800 yuan / ton). On December 10, the average price of battery grade lithium carbonate in East China was 48700 yuan / ton, which was 0.83% higher than that at the beginning of the week (the average price of battery grade lithium carbonate in East China on December 6 was 48300 yuan / ton). On the 10th, the comprehensive market quotation of industrial grade lithium carbonate was around 43000-48000 yuan / ton, and that of battery grade lithium carbonate was around 46000-52000 yuan / ton.

Through the observation of market changes, lithium carbonate prices continue to show an upward trend this week. At present, there is a shortage of raw materials for lithium carbonate production. In addition, some of Tianqi’s production capacity cannot be guaranteed and the electric vehicle industry exceeds expectations, which makes the price of lithium carbonate rise all the way in the near future. At present, many lithium carbonate manufacturers are basically out of stock, and are in the state of replenishment. The market presents the phenomenon of tight shipment and rising price. It is estimated that the demand for lithium carbonate will reach about 400000 tons in 2021, and the price may continue to rise slowly.

The prices of lithium hydroxide and lithium iron phosphate in the downstream have no significant fluctuation for the time being, and the prices are mostly stable. The turnover of large lithium hydroxide plants is stable, the market capacity is sufficient, and the overall market is stable. Lithium iron phosphate enterprises started normal operation, merchants actively shipped goods, logistics smooth, the transaction price basically maintained the cost online and offline, inventory no pressure, mostly contract customers.

According to the price monitoring of the business agency, on December 9, 2020, there were 16 kinds of commodities in the chemical industry sector, among which the top three commodities were paraformaldehyde (4.00%), acetic acid (3.80%) and hydrogenated benzene (2.36%). There were 12 kinds of commodities that declined on a month on month basis, with melamine (- 3.14%), polymerized MDI (- 2.72%) and light soda ash (- 1.74%).

Lithium carbonate analysts from the business club believe that the current global new energy vehicle industry continues to rise, driving the increase in lithium carbonate market supply. In addition, the market is in a state of inventory preparation at the end of the year. It is expected that the price of lithium carbonate will continue to rise in the short term.