According to the Commodity Market Analysis System of Shengyi Society, domestic lithium carbonate has maintained a weak and volatile market recently. As of April 3, domestic battery grade lithium carbonate was 73900 yuan/ton, down 4.6% from 77460 yuan/ton in the same period last month, down 6.22% from 78800 yuan/ton at the beginning of the year, and down 36.73% from 116800 yuan/ton in the same period last year; Domestic industrial grade lithium carbonate is priced at 72200 yuan/ton, a decrease of 3.35% from the beginning of the month at 74700 yuan/ton, a decrease of 5.5% from the beginning of the month at 76400 yuan/ton, and a decrease of 33.76% from the same period last year at 109000 yuan/ton.

Supply side bearish: Supply side sources increase
The production capacity of domestic salt lakes has been released, and the maintenance of smelters in Jiangxi, Sichuan and other places has been completed, resulting in an increase in market supply.
The price of imported spodumene fluctuates at a high level, increasing cost pressure on manufacturers and showing a clear willingness to raise prices. In January and February 2025, the import quantity of spodumene in China was 1.157 million tons, a year-on-year increase of 42.7%. Among them, 574000 tons were imported from Australia, 250000 tons were imported from South Africa, and 151000 tons were imported from Zimbabwe.
Positive news on the demand side: the energy storage sector is recovering
The power battery end is purchased on demand, and the demand growth is not significant.
The energy storage sector has seen a rebound in orders and an increase in production scheduling.
In April 2025, the lithium battery industry chain showed a strong growth trend. The total output of major enterprises increased by 53% year-on-year, continuing the high growth trend of the first quarter of 2025. The battery production in March has reached 106GWh, an increase of 15% compared to the previous month. In April, driven by the dual policies of trade in of new energy vehicles and energy storage demand, the capacity utilization rate of top enterprises remained high.
The data analyst of Shengyi Society believes that in the short term, the price of lithium carbonate will continue to fluctuate due to cost support and weak demand rebound, and specific changes in market supply and demand still need to be monitored.