According to the price monitoring of business associations, the price of lithium carbonate in East China continued to show a downward trend in August. The main reason for the downward trend was that there was no obvious positive trend in demand. On August 28, the average price of industrial lithium carbonate in East China was 60,000 yuan/ton, which decreased by – 5.95% at the end of the month compared with the beginning of the month. The average price of battery-grade lithium carbonate in East China on August 28 was 67,000 yuan/ton, which was down – 7.71% at the end of the month compared with the beginning of the month.

By observing the market changes, the overall market price of lithium carbonate continued to fall in early August. Battery-grade lithium carbonate was affected by the poor demand of power market, and the price declined obviously. In order to cope with the market changes, businesses have chosen to reduce prices. Lower reaches mostly have a small number of multiple purchases, and the willingness to stock up is not obvious. The demand for industrial grade lithium carbonate is relatively stable, but the overall increment is not obvious. In addition, due to the impact of the downward price of battery grade lithium carbonate, manufacturers in order to quickly ship lithium carbonate have followed the downward price. In late August, the lithium carbonate market still showed no obvious signs of recovery, due to the downstream material factory’s own price pressures, procurement will is not high. In addition, the high inventory level of raw materials and finished products in lithium salt plants has led to low-cost shipments. In addition, due to the impact of refund, the demand is reduced, which also makes enterprises compete for price reduction.

Due to the weak market demand this month, some lithium salt manufacturers and lithium mica manufacturers have seen production reduction. However, in view of the overall supply and demand situation in the current market, the start-up rate of large factories is still at a high level, which has limited impact on the price of stable lithium carbonate. Increasing supply also leads to fierce price competition, and the price gap between industrial lithium carbonate and battery lithium carbonate is gradually narrowing. This month, the comprehensive price of industrial grade lithium carbonate is between 55,000 and 63,000 yuan/ton, and that of battery grade lithium carbonate is between 68,000 yuan/ton.

According to analysts of LiCO_3, the price of LiCO_3 is still declining under the pressure of supplier de-stocking, and the supply competition in LiCO_3 market is fierce, manufacturers are aiming at rapid delivery. It is expected that the price will still be low in the short run, and the market will be slightly weak in the future.