SunSirs: Lithium Carbonate Has Been Released from Storage for the First Time Since the End of March, but Prices Have Not Rebounded

https://www.chemnet.com   Sep 06,2024 SunSirs

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According to the Commodity Market Analysis System of SunSirs, the domestic lithium carbonate market continued to operate weakly in early September. On September 4th, the average price of battery grade lithium carbonate was 80,200 RMB/ton, a decrease of 11.7% from the same period last month when it was 91,000 RMB/ton. The average price of industrial grade lithium carbonate was 77,800 RMB/ton, a decrease of 11.99% from the same period last month when it was 88,400 RMB/ton.

Analysis review??????????????????????

It is worth noting that the weekly inventory of lithium carbonate has experienced a long-awaited decline. The data showed that as of the week August of 30^th ending, the weekly inventory of lithium carbonate samples decreased by 1,256 tons month on month to 131,304 tons, marking the first time since the end of March that the inventory has been depleted. Although inventory has decreased to some extent, the overall situation was multifaceted, and the contradiction of inventory accumulation has not been resolved.

On the demand side: According to research data from the Da Dong Times Think Tank, the power and energy storage production of Chinese battery factories in September 2024 was 100.2GWh, and the production in August was 94.1GWh, an increase of 6.5% compared to the previous month. The production of consumer batteries in the Chinese market was 9.1 GWh. In September, the production of power, energy storage, and consumer batteries in the Chinese market was around 110 GWh, while in September, the production of power, energy storage, and consumer batteries in the global market was around 135 GWh.

Market outlook

SunSirs’ lithium carbonate data analyst believes that although the weekly inventory of lithium carbonate has decreased, the total inventory was still at a high level, and downstream demand is expected to increase. It is expected that lithium carbonate will fluctuate weakly in the near future.

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