According to the business agency data monitoring: on November 5, the price of lithium carbonate remained stable. On November 5, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which remained stable compared with the beginning of the month (the average price of industrial grade lithium carbonate in East China on November 1 was 39500 yuan / ton). On November 5, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which remained stable compared with the beginning of the week (the average price of battery grade lithium carbonate in East China on November 1 was 44200 yuan / ton). On May 5, the mainstream quotation of industrial grade lithium carbonate market was around 35000-40000 yuan / ton, and that of battery grade lithium carbonate was around 40000-45000 yuan / ton.

According to the observation of market changes, the transaction atmosphere of lithium carbonate market this week is relatively flat, and the supply of lithium carbonate products in some regions is in a tight state, and the final transaction price is mainly based on interviews. Enterprises with lower transaction price in the early stage may gradually increase the price to 36000 yuan / ton. In addition, the upstream and downstream enterprises continue to heat up the price game, so the price of lithium carbonate will remain stable for the time being.

From the perspective of power market, the general office of the State Council recently issued a notice on the development plan of new energy vehicle industry (2021-2035), some of which have been changed from the draft for comments issued in December 19, such as adjusting the penetration rate of new energy vehicles to 20%, and increasing the energy consumption per 100 km by 1 degree. This policy may have a positive impact on cobalt and lithium demand in the next five years and in the long run.

According to the price monitoring of the business agency, on November 4, 2020, there were 19 kinds of commodities in the list of commodity price rise and fall on November 4, 2020, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities of increase were silicone DMC (10.29%), maleic anhydride (3.54%) and phthalic anhydride (3.52%). There were 8 kinds of commodities with a decline of more than 5%, accounting for 1.1% of the total number of monitored commodities in the sector; the top three products were DMF (- 17.96%), sodium pyrosulfite (- 3.67%) and TDI (- 2.06%).

Lithium carbonate analysts of the business club believe that the current market price of lithium carbonate is relatively stable, enterprises with low price gradually increase the price, and enterprises with high price stabilize the price and actively ship. It is expected that the price of lithium carbonate will be stable in the short term.