Battery grade quoted $12-145,000 / ton due to lithium carbonate demand

Data monitoring shows that last week's weak market for lithium carbonate has not changed, industrial grade lithium carbonate quoted at about 12000-135000 yuan per ton, battery grade quoted at about 12000-145000 yuan per ton, the specific price is a single talk.

The expansion of lithium carbonate enterprises will enter the launch period in the second half of the year. The Lithium industry has an existing production capacity of 18,500 tons and a planned production capacity of 17,500 tons. It is expected that the new production capacity will be launched in the fourth quarter of 2018; Tianqi Lithium has an existing production capacity of 27,500 tons and a planned production capacity of 24,000 tons. It is expected that lithium hydroxide products will be trial-produced by the end of 2018. On February 3, China's largest lithium carbonate project, the 30,000 tons of battery-grade lithium carbonate project of Qinghai Yanhu Biadi Development Co., Ltd. and the 20,000 tons of battery-grade lithium carbonate project of Qinghai Yanhu Fozhulan Lithium Company have been launched.

Due to the optimistic production profits, there are also manufacturers in other regions that plan to add lithium carbonate products. The increase in new production capacity in the upper reaches has led to a surplus of lithium carbonate supply in the market. Small and medium-sized enterprises have difficulty in trading due to cost control, and manufacturers have inventory pressure and lower prices. The business agency believes that at present, the mainstream market quotation has fallen and the supply side is still adequate. It is expected that the weak market for lithium carbonate will continue in the short term.

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