According to the Commodity Market Analysis System of Shengyi Society, the domestic lithium carbonate market continued to operate weakly in early September. On September 4th, the average price of battery grade lithium carbonate was 80200 yuan/ton, a decrease of 11.7% from the same period last month when it was 91000 yuan/ton. The average price of industrial grade lithium carbonate is 77800 yuan/ton, a decrease of 11.99% from the same period last month when it was 88400 yuan/ton.
It is worth noting that the weekly inventory of lithium carbonate has experienced a long-awaited decline. The data shows that as of the week ending August 30th, the weekly inventory of lithium carbonate samples decreased by 1256 tons month on month to 131304 tons, marking the first time since the end of March that the inventory has been depleted. Although inventory has decreased to some extent, the overall situation is multifaceted, and the contradiction of inventory accumulation has not been resolved.
On the demand side: According to research data from the Da Dong Times Think Tank, the power and energy storage production of Chinese battery factories in September 2024 was 100.2GWh, and the production in August was 94.1GWh, an increase of 6.5% compared to the previous month. The production of consumer batteries in the Chinese market is 9.1 GWh. In September, the production of power, energy storage, and consumer batteries in the Chinese market was around 110 GWh, while in September, the production of power, energy storage, and consumer batteries in the global market was around 135 GWh.
Business Society’s lithium carbonate data analyst believes that although the weekly inventory of lithium carbonate has decreased, the total inventory is still at a high level, and downstream demand is expected to increase. It is expected that lithium carbonate will fluctuate weakly in the near future.
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