Lithium Carbonate prices continue to rise, there is still space for rise in short term.

Since March, the price of Lithium Carbonate has continued to rise. On March 3, the average price of industrial grade Lithium Carbonate in East China was 82800 CNY / ton, which was 6.7% higher than that at the beginning of the week (the average price of industrial grade Lithium Carbonate in East China was 77600 CNY / ton on March 1). On March 3, the average price of battery grade Lithium Carbonate in East China was 87800 CNY / ton, which was 6.04% higher than that at the beginning of the week (on March 1, the average price of battery grade Lithium Carbonate in East China was 82800 CNY / ton). On March 3, the comprehensive quotation of industrial grade Lithium Carbonate market was around 78000-85000 CNY / ton, and the comprehensive quotation of battery grade Lithium Carbonate market was around 85000-90000 CNY / ton.

According to the observation of market changes, the resumption of production and work in various industries began to improve in March, and the industry production was also on the right track. Therefore, the purchase of raw materials by downstream enterprises began to rise and concentrate this month. At present, the production of Lithium Carbonate begins to recover gradually, and the market inventory situation will be improved. With the increase of market activity, there will be a substantial increase in demand.

 The price of downstream industrial grade Lithium Hydroxide showed an upward trend, the recent market turnover increased significantly, and the price increased significantly with the increase of raw material cost. In terms of Lithium Iron Phosphate power market, the price rose slightly. Due to the sharp rise in the price of upstream Lithium Carbonate and the shortage of raw materials such as iron phosphate, it is difficult for lithium iron enterprises to purchase low-cost goods, resulting in increased cost pressure and higher quotation. The rising price of Lithium Carbonate will also drive the prices of other lithium salts and lithium raw materials higher.

On March 2, the lithium carbonate commodity index was 205.35, up 7.64 points from yesterday, down 49.31% from 405.10 points (2018-01-07), the highest point in the cycle, and up 108.39% from 98.54 points, the lowest point on October 16, 2014. (Note: period refers to the period from September 1, 2011 to now)

Since March, the market activity has begun to rise, and the upstream and downstream production will be on the right track. Therefore, the purchase is relatively intensive, driving the price up. It is expected that the price of Lithium Carbonate will still have room to rise in the short term.