According to the Commodity Market Analysis System of Shengyi Society, there has been a slight rebound in lithium carbonate recently. As of March 17th, domestic battery grade lithium carbonate is priced at 76200 yuan/ton, up 0.26% from 76000 yuan/ton last week, down 3.3% from 78800 yuan/ton at the beginning of the year, and down 34.6% from 116600 yuan/ton in the same period last year; The average price of industrial grade lithium carbonate in China is 74100 yuan/ton, an increase of 0.27% from 73900 yuan/ton last week, a decrease of 3% from 76400 yuan/ton at the beginning of the year, and a decrease of 31% from 107400 yuan/ton in the same period last year.

The overall market situation of oversupply remains unchanged

Due to the low price of excess lithium carbonate and the lack of enthusiasm for lithium ore trading, the reduction in production of Australian mines internationally has led to an increase in lithium ore prices. However, the high production and cost advantage of salt lakes have resulted in a loose overall raw material market.

Demand has increased, but it is difficult to offset the increase in supply

The market demand is gradually recovering, and the production of positive electrode materials has increased, but the overall demand is not strong, and it is difficult to change the surplus situation. Industry insiders maintain a cautious attitude towards the market, restocking as needed, and the trading market remains sluggish.

Business Society’s lithium carbonate data analyst believes that there is currently an excess of lithium carbonate inventory, and although there has been a slight correction, it is expected that the rebound momentum will be insufficient and continue to fluctuate.