The lithium carbonate market continues to rise

According to the monitoring data of the business agency, the price of industrial-grade and battery-grade lithium carbonate has been rising
recently.
As of October 20, the average price of industrial-grade lithium carbonate in East China was 534,000 yuan (ton price, the same below), an increase of 2.
5% compared with the price on October 16; The average price of battery-grade lithium carbonate was 550,000 yuan, up 2.
42%
from the price on October 16.

From the perspective of supply, the lithium carbonate market has continued to rise recently, and the price has repeatedly reached new highs
.
As the current tight supply situation has not eased, coupled with the limited logistics and transportation in some regions, the supply of lithium carbonate has been greatly limited
.
However, large manufacturers are still dominated by long-term single delivery, and there are still few
lithium carbonate zero orders in the market.

From the demand point of view, on the one hand, the recent price of lithium hydroxide has shown an upward trend, the upstream spodumene price is high, the cost support is still strong, the demand for ternary high nickel is steadily rising, and the overall growth rate has increased significantly
.
Coupled with the high price support of lithium carbonate, the recent lithium hydroxide market transaction price upward
.
On the other hand, the price of lithium iron phosphate has been running smoothly recently, and the current downstream enterprises are mainly based on just-needed procurement, and the overall market negotiation atmosphere is acceptable
.

In addition, the peak sales season of new energy vehicles is coming, coupled with the complete decline of new energy subsidies this year, some car companies prepare in advance, the demand for energy batteries rises, so the demand for raw materials for lithium battery manufacturers has also increased significantly, and in the case of weak supply and strong demand, the price of lithium carbonate continues to hit new highs
.

Business lithium carbonate analysts believe that due to the recent impact of market logistics control, the price of lithium carbonate has accelerated, and the end of the year is approaching, the terminal automobile market is conducive to support, driving market demand to rise, and it is expected that short-term lithium carbonate prices will remain high and volatile
.