After a new round of ** since the end of February, lithium carbonate** has fallen again in recent days. Marketplace,Lithium carbonate *** for two consecutive days**. On March 4, lithium carbonate **2407 fell from a high level and closed at 11760,000 tons,**0.93%；On March 5, the main lithium carbonate ** contract reached a maximum of 11890,000 tons, 11 lower550,000 tons, down 2About 79%.
Spot market,Lithium carbonate spot ** also reversed the previous trend of small **, showing a flat state, with an average price of 10 on March 4550,000 tons.
So far in 2023, the lithium carbonate market has fluctuated violently, and frequent news has stimulated the market, and it is not the first time that it has fallen rapidly after a short term.
In April last year, lithium carbonate**, which had been declining for half a year, appeared for the first time in the year**, but began to decline again at the end of July.
In October last year, due to the market sentiment driven by the reduction of upstream supply, lithium carbonate once again ushered in a wave of lithium carbonate contracts of various maturities, which was rare on October 12 last year.
This time** lasted only a week. On October 19 last year, the lithium carbonate** contracts fell sharply, and the contracts fell by more than 5%.
Changes in lithium carbonate often come from both the demand side and the first side.
On the upstream supply side,Stimulated by recent environmental protection-related news and the impact of overseas high-cost mine production reduction information, the market is worried about the market, so the emergence of lithium carbonate continues.
However, in the first three years, the lithium carbonate spot ** ran at a high level, promoting the large-scale centralized construction of lithium mines and lithium salt projects, and it is expected that the new ** will be put into focus in the next two years.
In terms of downstream demand,At present, the demand for downstream power and energy storage market remains weak, and downstream cathode material companies are still in a wait-and-see mood, and their willingness to take goods is low.
The fundamentals of supply and demand have not changed, and 2024 is still the first year for lithium carbonate, and the loose supply and demand situation is difficult to reverse.
However, some institutions believe that after confirming the attitude of Australian mines to reduce production, the phased bottom of lithium carbonate ** can be basically confirmed. It is expected that in the future, as the industrial pattern stabilizes, lithium carbonate** will gradually stabilize, which will have positive significance for the midstream battery industry, downstream automobile production and sales and energy storage business.