According to the price monitoring of the business community, the comprehensive price of the domestic lithium carbonate market in July can be described as a sharp decline, and the market is in a downturn. In July, the average price of industrial grade lithium carbonate was 110,117.74 yuan / ton, down -20.96% compared with the beginning of the month. The average price of battery-grade lithium carbonate was 124,129.16 yuan / ton, down -14.51% compared with the beginning of the month.
The demand for lithium carbonate in the market began to be sluggish in July, and orders fell, which led to a serious price decline. The adjustment of the subsidy policy amount also has a certain impact on the battery energy density. At present, the high-energy density ternary power battery on the market has been popular, the market share has increased rapidly, while the lithium iron phosphate battery has been cold in the market. The operating rate and order growth of a large number of power battery companies are not ideal, and the lithium iron phosphate material is not ideal. The willingness to purchase is not strong, and many lithium iron phosphate manufacturers have stopped production and processed inventory. As a result, the demand for lithium carbonate is greatly reduced.
From mid-July to the end of the month, the downstream demand of the market has not yet recovered significantly, and the order volume of enterprises has shrunk. In order to digest inventories and increase orders, enterprises have continued to cut prices. Coupled with small and medium-sized lithium carbonate suppliers to seize the market for low-cost shipments, put pressure on the price of lithium carbonate. The spot transaction price continued to decline.
According to business analysts, if the lithium carbonate market has not been stimulated by good news, the price of lithium carbonate will fluctuate and the recovery will be weak.
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