SunSirs: Downstream Positive Electrode Material Production Was on the Rise, but Lithium Carbonate Still Struggled to Overcome Its Weakness

https://www.chemnet.com   Sep 12,2024 SunSirs

Price trend                               

According to the Commodity Market Analysis System of SunSirs, the domestic lithium carbonate market has continued to operate weakly since September. On September 11th, the average price of battery grade lithium carbonate was 78,200 RMB/ton, a decrease of 10.73% from the same period last month when it was 87,600 RMB/ton. The average price of industrial grade lithium carbonate was 75,800 RMB/ton, a decrease of 10.82% from the same period last month when it was 85,000 RMB/ton.

Analysis review

Downstream material factories' ‘golden September and silver October’ have arrived, leading to an increase in production scheduling                             

September and October are the traditional peak seasons for downstream cathode material factories of lithium carbonate, with production increasing and lithium battery production increasing month on month, leading to a rebound in demand for lithium carbonate. According to research data from the top 20 battery factories, the output of power, energy storage, and consumer batteries in the Chinese market was around 110GWh in September, while the global market output of power, energy storage, and consumer batteries was around 135GWh in September.

The lithium salt plant had a stable operating status, and the total output remained at a high level

Driven by positive downstream demand, lithium salt plants continued to operate at a high level, while lithium salt plants at the spodumene end maintained a stable high operating rate to deliver long-term contracts; Due to the continuous decline in lithium carbonate prices, non integrated lithium salt factories had seen a decrease in production. The overall output was running steadily.

Market outlook

SunSirs’ lithium carbonate data analyst believes that both supply and demand have increased, but the overall pattern of oversupply still put pressure on lithium carbonate prices, and it is expected to continue to fluctuate weakly in the short term.

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