Shulou(Shulou.com)11/24 Report--

CTOnews.com November 13 news, lithium carbonate is an important raw material of lithium battery, its price rise and fall directly affect the development of new energy vehicles, energy storage batteries and other fields. Recently, the domestic lithium carbonate price has shown a continuous downward trend, has approached the 150000 yuan / ton mark, causing widespread concern in the market.

The average price of battery-grade lithium carbonate in China fell 1500 yuan / ton to 158500 yuan / ton on November 13 compared with the previous trading day, according to the latest data released by Shanghai Iron and Steel Federation. Bank of China Securities Research report analysis that lithium carbonate spot last week to maintain a downward trend. Due to the recent resumption of production of lithium salt plants overhauled in the early stage, the operating rate of the industry has rebounded, while the actual demand of downstream material plants has not improved significantly in the near future, and the spot price of lithium carbonate has further declined under the upstream and downstream game.

CTOnews.com noted that looking back at the historical trend of lithium carbonate prices, we can see that it has experienced a round of ups and downs. At this time last year, the price of lithium carbonate was advancing by leaps and bounds, reaching 600000 yuan per ton. The price of lithium carbonate has fallen all the way to less than 200000 yuan / ton since this year, with a short-term rebound in the middle, but soon entered a downward trend again.

The sharp rise and fall of the price of lithium carbonate is closely related to the imbalance between supply and demand in the industrial chain. When the price of lithium carbonate rose sharply in 2022, all links of the industrial chain began to join the upstream, leading to the rapid expansion of upstream production capacity, but the downstream demand side could not absorb the sharply increased production capacity in a short period of time, and prices plummeted. From the long-term development trend of the industry, the demand for lithium carbonate in new energy vehicles, energy storage batteries and other fields will continue to increase. In this context, the upstream and downstream games will continue.

In the face of the depressed price of lithium carbonate, some industry leaders seek to reduce production. It is reported that Jiuling lithium industry may reduce production in the near future, the relevant official said, "it is expected to reduce lithium carbonate production by about 1500 tons per month until the end of December." . Jiuling Lithium Industry is one of the largest lithium carbonate producers in China, and its production reduction measures may alleviate the oversupply in the market and have a certain impact on the price trend of lithium carbonate.

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