According to the monitoring of the Commodity Market Analysis System of Business Society, the prices of industrial grade and battery grade lithium carbonate continued to decline this week. The average domestic mixed price of industrial grade lithium carbonate on September 7th was 202600 yuan/ton, a decrease of 3.52% compared to the average price of 210000 yuan/ton on September 3rd. The average domestic mixed price of battery grade lithium carbonate on September 7th was 216800 yuan/ton, a decrease of 3.21% compared to the average price of 224000 yuan/ton on September 3rd.

By observing market changes, it can be seen that the price of lithium carbonate is still in a downward trend this week. In terms of supply, there is little fluctuation in the production output of lithium salt factories, and there is sufficient circulation of goods in the spot market. The current situation of oversupply in the spot market is maintained. As the node has entered a new round of long-term negotiation cycle, with high upstream inventory and market supply and demand imbalance, most downstream manufacturers have low purchasing intentions, leading to a downward shift in lithium carbonate prices.

In terms of demand, the upstream and downstream of the industry currently hold a wait-and-see attitude towards lithium salt prices. The recovery of downstream demand is poor. Although there are frequent inquiries, both procurement and actual transactions are relatively light, and delays in picking up and negotiating orders often occur. In addition, the continuous decline in lithium carbonate futures prices has led to a continuous decline in spot prices.

The lithium hydroxide market has declined, with a slight decline in spodumene concentrate prices and a decrease in lithium carbonate prices recently. Cost support has weakened, and production enterprises mainly rely on long-term orders. Downstream merchants just need to purchase, resulting in weak demand and a lackluster market transaction atmosphere.

Downstream lithium iron phosphate prices operate steadily, while upstream raw material cost support is weak. Market demand is poor, and downstream restocking is on demand. The willingness to stock up is average, and the overall purchasing atmosphere is cold. In the short term, the lithium iron phosphate market operates steadily and weakly.

In terms of futures, on September 7th, the opening price of the LC2401 contract for lithium carbonate futures on the Guangzhou Futures Exchange was 190000 yuan/ton, with the latest price of 184700 yuan/ton, a daily decrease of 3.35%. The transaction volume was 61600, and the position was 32985.

Lithium carbonate analysts from Business Society believe that the current market supply and demand pattern has not changed significantly, and most downstream manufacturers have low purchasing intentions. It is expected that lithium carbonate prices will continue to fluctuate at low levels in the short term.