According to the monitoring of the Commodity Market Analysis System of Business Society, the prices of industrial grade and battery grade lithium carbonate are still in a downward trend this week. On September 14th, the average domestic mixed price of industrial grade lithium carbonate was 189000 yuan/ton, a decrease of 6.71% compared to the average price of 202600 yuan/ton on September 10th. On September 14th, the average domestic mixed price of battery grade lithium carbonate was 205000 yuan/ton, a decrease of 5.44% compared to the average price of 216800 yuan/ton on September 10th.

By observing market changes, it can be seen that the price of lithium carbonate continued to decline this week. In terms of supply, there has been news recently that a major factory in Qinghai Salt Lake is about to release goods, so the market supply may increase, which has put some pressure on the current spot market with sufficient goods. The market generally has incremental expectations for the subsequent circulation of lithium carbonate in the market, leading to weaker price support and a downward trend in market prices.

In terms of demand, the current market price of lithium carbonate is still on a downward trend, with no significant improvement on the demand side. In addition, with low downstream purchasing willingness, there is an expected increase in lithium carbonate, which has led to some downstream enterprises withdrawing their procurement demand. In an atmosphere of buying up but not falling down, the downstream market enters a wait-and-see state, mainly purchasing on demand.

The lithium hydroxide market is operating in a weak state. Recently, the price of spodumene concentrate has dropped, the lithium carbonate market is operating in a weak state, with poor cost support. Downstream demand is recovering slowly, and inquiries and purchases continue to be in demand. There is a strong cautious wait-and-see atmosphere, and enterprises still focus on long-term orders with limited individual transactions. The focus of negotiations in the lithium hydroxide market is weak.

The stable operation of downstream lithium iron phosphate prices is the main focus, and the overall market is weak and downward. Downstream restocking is on demand, while upstream lithium carbonate is stable and weak. The cost support for lithium iron phosphate is weak, and in the short term, lithium carbonate will maintain its previous trend. Manufacturers only supply old customers with goods, and new customers will not take orders.

In terms of futures, on September 14th, the opening price of the LC2401 contract for lithium carbonate futures on the Guangzhou Futures Exchange was 175200 yuan/ton, with the latest price of 169150 yuan/ton, a daily decline of 4.35%, with 127500 transactions and 52682 positions.

Lithium carbonate analysts from Business Society believe that the current market situation of oversupply continues, and most downstream manufacturers have low purchasing intentions. In addition, with further increase in spot circulation, lithium carbonate prices may further come under pressure, and it is expected that lithium carbonate prices may maintain a downward trend in the short term.