According to the Commodity Market Analysis System of Shengyi Society, after a slight rebound in recent times, lithium carbonate has returned to a weak trend. As of June 24th, the benchmark price of domestic battery grade lithium carbonate Shengyi Society was 59966 yuan/ton, a decrease of 0.39% from 60200 yuan/ton at the beginning of the month and a decrease of 42% from 103400 yuan/ton in the same period last year; The benchmark price for domestic industrial grade lithium carbonate trading is 58233 yuan/ton, a decrease of 1.19% from 58933 yuan/ton at the beginning of the month and a decrease of 41% from 99000 yuan/ton in the same period last year. 15%.
Overseas ore production capacity clearance combined with capacity ramp up
Overseas mines have been dragged down by the decline in lithium carbonate prices, narrowing their profit margins. On the one hand, high cost minerals have entered the stage of clearing production capacity, and on the other hand, the production capacity of low-cost minerals has climbed and new production capacity has increased, leading to a downward shift in the cost support for imported lithium carbonate.
Domestic supply continues to increase
Most domestic manufacturers maintain stable production plans and continue to release production capacity. Looking at different regions, production in Qinghai remains stable, while the utilization rate of production capacity in Jiangxi mining areas has slightly increased. It is expected that overall production will increase slightly.
Demand side inventory reduction trend
The mid year momentum of domestic power terminals, driven by the growth of exports to the European Union and Southeast Asia, will lead to a stable increase in demand for power terminals. With the arrival of the off-season in July, there is an expectation of a decrease in demand for power terminals. Against the backdrop of the cancellation of mandatory storage policies and the demand for overdrafts in the “531″ rush to install energy storage cells, the trend of production reduction is relatively clear.
The data analyst of Business Society’s lithium carbonate believes that with a large increase in supply and a significant contraction in demand, it is expected that lithium carbonate will continue to fluctuate weakly, and specific changes in market conditions still need to be monitored.
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