Market analysis: Domestic lithium carbonate was weak in early March. As of March 5, the average price of battery-grade lithium carbonate was 76,700 yuan/ton, down 2.66% from 78,800 yuan/ton at the beginning of the year and 28.58% from 107,400 yuan/ton in the same period last year; the average price of industrial-grade lithium carbonate was 74,500 yuan/ton, down 2.49% from 76,400 yuan/ton at the beginning of the year and 24.29% from 98,400 yuan/ton in the same period last year.
The destocking cycle is over, but the oversupply situation is difficult to change
Currently, the operating rate of lithium carbonate enterprises is about 45%, which has increased compared with before the holiday. Lithium carbonate has ended its destocking and continues to accumulate, and the overall supply and demand imbalance is still relatively serious.
Enterprises prepare goods in advance and downstream demand is improving
The output of ternary materials and lithium iron phosphate increased after the holiday. Although the first quarter is the off-season for energy storage demand, some battery cell factories stocked up in advance, driving up the demand for lithium carbonate and the operating rate of lithium iron phosphate enterprises also increased.
Market forecast: Overall, the oversupply of lithium carbonate is difficult to change, the demand side is difficult to balance the pressure on the supply side, and the upward momentum is insufficient. It is expected that lithium carbonate will fluctuate and run weakly in the short term.
Post time: Mar-20-2025