According to the Commodity Market Analysis System of Shengyi Society, the domestic lithium carbonate market continued to operate weakly in mid September. On September 18th, the average price of battery grade lithium carbonate was 78200 yuan/ton, a decrease of 9.32% from the same period last month when it was 85800 yuan/ton. The average price of industrial grade lithium carbonate is 75400 yuan/ton, a decrease of 9.16% from the same period last month when it was 83000 yuan/ton.

Major factory maintenance, short-term rise in spot market

On the morning of September 11th, market news reported that the Ningde Times Yichun project would be shut down for maintenance, and the lithium mica business in Jiangxi would be suspended.

Major factories have reduced production, and the supply-demand margin of the lithium carbonate market has improved. However, the long-term accumulation of excess capacity is difficult to change in the short term.

Supply side inventory decreases, production slightly increases

Recently, the weekly inventory of lithium carbonate in the Chinese market has decreased, with a slight increase in production and numerous new projects being put into operation. The risk of excess has not fundamentally changed. And it is expected that the centralized cancellation of lithium carbonate warehouse receipts by the end of November will put pressure on the supply side.

Downstream demand is improving, which may provide support for prices

Since September, the demand for downstream power cells and energy storage cells has continued to improve. The demand for lithium iron phosphate batteries in the field of new energy vehicles is strong, with intensive new product releases. In addition, the demand for overseas energy storage projects has increased, and the orders for lithium iron phosphate cathode materials have continued to increase, further boosting market confidence.

The data analyst of Shengyi Society believes that the lithium carbonate market is currently in a supply-demand game, but the overall pattern is that supply exceeds demand, and the price of lithium carbonate is still under pressure. It is expected to continue to fluctuate weakly in the short term.