As of this week, the mainstream price of battery-grade lithium carbonate was stable at 125,000-128,000 yuan / ton, the low-end transaction price was around 123,000 yuan / ton, the market turnover was low-end; the industrial grade lithium carbonate transaction was negotiated at 113000-118000 yuan / Tons, the market turnover is low.
First, the price trend of lithium carbonate
According to the price monitoring of business companies: domestic lithium carbonate prices fluctuated within a narrow range this week. The average price of industrial grade lithium carbonate at the weekend was 120,800 yuan / ton, down 0.82% from the beginning of the week; the average price of battery-grade lithium carbonate was 131,666 yuan / ton, down 0.25% from the beginning of the week; the average price of industrial grade lithium hydroxide was 155,800 yuan / ton The price is stable compared to the beginning of the week.
Second, market analysis
This week, the domestic lithium carbonate market was dominated. In terms of lithium carbonate in the brine, producers in Qinghai are still in the winter break period. Only some of the purification companies supply crude wet materials, and only a small amount of stock is available from the market distributors. In terms of ore lithium carbonate, the market demand is likely to rebound, and many producers in the market are saturated in orders. The spot supply in the market is slightly tight, and the merchants’ offer is increasing, but the battery-grade lithium carbonate offer is still high and the negotiation space is large. . As of this week, the mainstream price of battery-grade lithium carbonate was stable at 125,000-128,000 yuan / ton, the low-end transaction price was around 123,000 yuan / ton, the market turnover was low-end; the industrial grade lithium carbonate transaction was negotiated at 113000-118000 yuan / Tons, the market turnover is low.
Downstream new energy market situation
According to statistics from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in January were 6,889 and 5,682 respectively, down 69.1% and 74.4% respectively over the same period of the previous year. The output is higher than the sales volume of more than 1,000 vehicles, and the policy adjustment has further increased the company's inventory. In terms of proportion, pure electric passenger cars still accounted for a large proportion, 3908 vehicles sold in January, accounting for 69%; secondly, plug-in passenger cars sold 1070, accounting for 19%; pure electric commercial vehicles sold only 700 Vehicles accounted for 12%; while plug-in commercial vehicles sold only 4 vehicles, reaching an all-time low. In January 2017, the production and sales of new energy vehicles in China fell in a cliff-like manner. The impact mainly came from the release of the subsidy policy for new energy vehicles at the end of 2016. The subsidy policy was linked to the recommended catalogue and the re-examination of the first five batches of catalogues. However, the first catalogues were released in 2017. At the end of January, the time is short and the number of models covered is small. This effect may last until February and March, but this year's new energy vehicle production market is still optimistic.
Third, the market outlook
Business community analysts believe that due to the low-price policy of some new entrants, the overall transaction price of the industrial-grade lithium carbonate market has been shifted, and the market price of battery-grade lithium carbonate has not been affected. Although the low-price policy of new enterprises will lower the overall average price of the market, in such an industry with excessive structural capacity, it will not have an excessive impact on the overall market price. It is expected that the domestic market price of lithium carbonate will stabilize next week.
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