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According to the monitoring of the commodity market analysis system of Shengyishe, industrial grade lithium carbonate and battery grade lithium carbonate still maintained a downward trend this week. On January 11, 2024, the average domestic mixed price of industrial grade lithium carbonate was 91600 yuan/ton, a decrease of 1.93% compared to the average price of 93400 yuan/ton on January 7. On January 11th, the average domestic mixed price of battery grade lithium carbonate was 101000 yuan/ton, a decrease of 1.94% compared to the average price of 103000 yuan/ton on January 7th.

By observing market changes, it can be seen that the price of lithium carbonate continued to fluctuate and decline this week, with a relatively gentle price adjustment, and most companies' quotations remained relatively stable. In terms of supply, the number of lithium salt plant maintenance enterprises in the current market is constantly increasing, and the supply of lithium carbonate in the market has decreased. However, lithium salt companies that purchase lithium concentrate and sell spot lithium carbonate are still in a loss making state, and lithium salt companies in the market are more inclined to sell spot scattered orders at a higher price, resulting in a slowdown in the decline in lithium carbonate prices.

In terms of demand, most downstream enterprises such as positive electrode materials still have a low acceptance capacity for high priced lithium carbonate. The phenomenon of positive electrode material enterprises inquiring about prices in the market has increased, and some positive electrode material enterprises have started to accept lower priced lithium carbonate. At present, the overall focus of the market is still showing a downward trend, and market transactions are extremely light. There is a significant price difference between buyers and sellers, and actual transactions are very few.

The price of lithium hydroxide has slightly declined, and the upstream spodumene concentrate market has recently seen a slight decline. Coupled with the weak operation of the lithium carbonate market, there is insufficient cost support, and downstream demand for high nickel materials is slow to follow up. The market is mainly dominated by long-term orders, and there is a strong wait-and-see atmosphere in the market.

The downstream price of lithium iron phosphate is weak and downward, and the overall market negotiation atmosphere is cold. The downstream demand for lithium iron phosphate is insufficient, inventory is running at a high level, supply pressure still exists, market consumption is slow, manufacturers are operating under pressure, and a pessimistic attitude is obvious. Downstream replenishment is mainly based on demand, with main supply contract customers and overcapacity. The lithium battery market has a strong wait-and-see atmosphere.

In terms of futures, on January 11, 2024, the opening price of the LC2407 main contract was 984000 yuan/ton, the highest price was 105000 yuan/ton, and the closing price was 104700 yuan/ton, with a daily increase of 6.4%. The transaction volume was 214400 lots and the position was 157286 lots.

Lithium carbonate analysts from Business Society believe that currently, lithium salt companies generally offer stable prices, and downstream wait-and-see sentiment is still strong. The overall market transactions are weak, and the futures market has recently entered a volatile market, with spot prices mostly following the trend of consolidation. With the continuous weakening of the demand side, it is expected that the short-term spot price of lithium carbonate will continue to operate weakly and steadily.

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