According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has risen and fallen recently. As of August 4th, the benchmark price of domestic battery grade lithium carbonate was 70833 yuan/ton, a decrease of 2.75% from the recent high of 72833 yuan/ton (July 30th) and a decrease of 22.16% from the same period last year’s 91000 yuan/ton; The benchmark price for domestic industrial grade lithium carbonate trading is 69666 yuan/ton, a decrease of 3.06% from the recent high of 71866 yuan/ton (July 30) and a decrease of 21.19% from the same period last year at 88400 yuan/ton.
Under the background of “anti internal competition”, there is an expectation of production reduction and shutdown in the mining industry, which drives up prices
The ‘anti involution’ has raised market expectations of supply side contraction, amplifying the short-term supply gap. This expectation drove a significant increase in lithium carbonate prices in July, rising from around 60000/ton to 70000/ton.
After the price increase, the actual transaction volume in the market is limited
After the price increase, there has been a reduction in spot orders in the market, and downstream customers have limited willingness to receive goods at high prices. They have a hesitant attitude towards the future price trend of lithium carbonate, mainly adopting a wait-and-see approach.
Emotional expectations have fallen, and the fundamentals are still dominated by oversupply
From a fundamental perspective, although the supply and production of lithium carbonate have decreased and the entire industry chain is experiencing destocking, the overall situation is characterized by oversupply and limited demand growth.
The data analyst of Shengyi Society believes that although there is a trend of strengthened regulation in the mining sector, overall, lithium carbonate is still in a state of supply-demand mismatch, and there is still downward pressure on prices. It is expected to experience weak fluctuations in the short term, and specific changes in market supply and demand still need to be monitored.