According to the price monitoring of the business agency, the East China market of lithium carbonate continued to be under pressure in October, and the price still fell all the way without any positive trend. On October 28, the average price of industrial grade lithium carbonate in East China was 53400 yuan / ton, which was 3.61% lower than that at the beginning of the month. On October 28, the average price of battery grade lithium carbonate in East China was 60400 yuan / ton, which was 5.03% lower than that at the beginning of the month.

According to the observation of market changes, the price of lithium carbonate continued to decline in October, and the price has been declining since the second half of this year. So far, there is no positive trend. After the 11th holiday, the decline of lithium carbonate price gradually slowed down. Downstream buyers hold a cautious view on the price increase plan, and the price trend of lithium carbonate is still not optimistic because there is no obvious improvement in the demand of downstream power market, and there are still a large number of ores and smelting products to be digested in China. Since late October, considering the influence of weather, cost, inventory and other factors, the price of lithium carbonate still fell. It is understood that the price of lithium carbonate has approached the production cost line of domestic smelters, while the supplier is currently under the pressure of high inventory and cash flow, in order to ensure customer resources, it can only be forced to reduce the price for shipment.

At present, in addition to the production and supply of domestic enterprises in the lithium carbonate market, if the import volume of lithium carbonate is also increased, the low-cost strategy is used to ship the lithium carbonate at the cost advantage, which may cause further pressure on the domestic lithium carbonate price in the fourth quarter, which will have a certain impact on whether the price of lithium carbonate can go up. This month, the comprehensive price of industrial grade lithium carbonate is in the range of 46000-57000 yuan / ton, and that of battery grade lithium carbonate is in the range of 54000-64000 yuan / ton.

According to analysts of lithium carbonate of business association, the price of lithium carbonate is still in low volatility. Under the condition of sufficient supply in the market, downstream enterprises are not willing to take over high-priced products, so it is difficult to improve the price. It is expected that the price of lithium carbonate in the future will still be in low shock operation.