According to the price monitoring of business agency, the market price of industrial grade and battery lithium carbonate in East China showed a steady increase in July 2021. The price of the manufacturers began to increase at the end of the month. As of July 28, the average price of industrial lithium carbonate in East China was 87600 yuan / ton, which was 1.15% higher than that of the average price of 86600 yuan / ton in East China of industrial carbon industry on July 1. On July 28, the average price of battery grade lithium carbonate in East China was 91200 yuan / ton, which was 0.88% higher than that of the average price in East China of July (July 1) – 90400 yuan / ton. Until 28, the comprehensive price of industrial lithium carbonate was 82-9000 yuan / ton, and the comprehensive price of battery grade lithium carbonate was between 87 and 92000 yuan / ton.

According to the observation of market changes, the price of lithium carbonate in the first ten days of July has been running steadily, and the market demand is stable. The price of industrial and battery grade lithium carbonate in a few lithium carbonate enterprises has slightly increased, but most of the manufacturers’ prices remain stable. The price of lithium carbonate began to boost in mid July, and the price of the following two weeks increased steadily, and the manufacturers began to increase gradually near the end of the month.

In the second half of the year, the domestic market may continue to increase demand for lithium ore, and the limited overseas supply, which makes the domestic spodumene concentrate remain in the state of warehouse removal. In addition, with the seasonal factors of Salt Lake supply, the output of Salt Lake in Qinghai will be reduced relatively after the third quarter, which will boost the price of lithium carbonate. At the end of the month, due to typhoon, the transportation of all parts of the country is blocked, which leads to the increase of logistics cost, which also drives the price of lithium carbonate to rise.

The downstream lithium hydroxide market rose in July, with a steady increase in the first ten days, with an overall increase of 1.12%. In the second ten days, due to the maintenance of some manufacturers, the spot supply in the market is reduced, the downstream demand is increasing, and the market supply and demand continue to be tight, and the market is firm. In terms of lithium iron phosphate, the price of lithium iron phosphate in July is also in the upward trend, and the demand has increased near the end of the month.

According to the analysts of lithium carbonate of business agency, the price of lithium carbonate will return to the upward range again this month. If the output of new energy vehicles continues to be released in the second half of the year, the price of spodumene, lithium hydroxide and lithium carbonate will be further supported. In addition, due to the impact of natural disasters and epidemic situation in the near future, it is expected that the price of lithium carbonate in the short term may still be in a high level.