According to the Commodity Market Analysis System of Shengyi Society, the lithium acid market has experienced a slight rebound and has once again entered a downward trend. As of October 22, the average price of battery grade lithium carbonate was 79000 yuan/ton, an increase of 1.54% from 77800 yuan/ton at the beginning of the month and a decrease of 2.95% from 81400 yuan/ton last week. The average price of industrial grade lithium carbonate is 76400 yuan/ton, an increase of 1.6% from 75200 yuan/ton at the beginning of the month, and a decrease of 3.05% from 78800 yuan/ton last week.
Downstream is in a critical period of switching between peak and off peak seasons, and demand is approaching its peak
The production of batteries and positive electrodes in October is already in the latter half of the peak season, which means that market demand may have begun to show signs of slowing down. Although demand may remain strong in November, it is difficult to achieve further growth on the basis of October. This trend indicates that market demand is gradually reaching saturation point and may face downward pressure in the future.
Upstream lithium mine imports increase, filling the gap in domestic mine reduction
The significant increase in Australian ore shipments in September, as well as the recent large-scale arrival of African ore at ports, has brought about a significant increase in lithium ore imports in October. This increment is expected to make up for the reduction in domestic mines, resulting in relatively sufficient supply at the mining end. At present, there is no significant slowdown in the overall supply side. As the peak season gradually weakens, the performance of the demand side is facing challenges. The inventory is maintained at around 120000 tons, and the turnover is not obvious. The price lacks upward driving force.
The data analyst of Business Society’s lithium carbonate believes that under the situation of strong supply and weak demand, the rebound of the lithium carbonate market is weak, and the price will continue to operate weakly. Specific market dynamics and policy changes need to be closely monitored.
| http://www.pva-china.net |