According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the prices of industrial grade and battery grade lithium carbonate showed an overall downward trend in the first ten months of July. On July 16th, the average domestic mixed price of industrial grade lithium carbonate was 93912 yuan/ton, a decrease of 1.85% compared to the average price of 95400 yuan/ton on July 1st. On July 16th, the average domestic mixed price of battery grade lithium carbonate was 97060 yuan/ton, a decrease of 2.94% compared to the average price of 100000 yuan/ton on July 1st.

On the cost side, the current cost of producing lithium carbonate from external lithium concentrate is about 97800 yuan/ton, and the cost of producing lithium carbonate from lithium mica is about 102800 yuan/ton. The cost side continues to loosen, and lithium prices are under pressure. Some external mining and processing plants have reduced production, and the supply pressure has slightly eased.

On the demand side: In July, the production schedule of large factories producing ternary positive electrodes improved, but the increase was limited. It is expected that peak season stocking will begin in August, which may stimulate an increase in power battery production.

Downstream end: Lithium hydroxide prices are running weakly. At present, the production and sales operating rates of lithium hydroxide have both increased to a certain extent, and the overall performance of production and sales is average. It is expected that the lithium hydroxide market will remain weakly stable in the later stage.

The lithium carbonate analyst from Shengyi Society believes that there is obvious pressure of overcapacity in the current lithium carbonate market, and there is still continuous production of new capacity. The surplus situation is difficult to change, and it is expected that the short-term lithium carbonate price will remain in a wait-and-see situation, maintaining a low consolidation.