Crazy! The price of lithium carbonate is approaching RMB:500000 a ton!
Recently, lithium carbonate has opened the price rise mode again. According to the data, on February 24, the comprehensive quotation of industrial grade lithium carbonate market was RMB 410000-470000 / ton, and the comprehensive quotation of battery grade lithium carbonate market was 450000-490000 yuan / ton. In the previous January, the price of battery grade lithium carbonate just exceeded RMB 300000 / ton. What factors have contributed to the current round of lithium carbonate price rise?
Lithium carbonate is in short supply, and the price is close to RMB 500000 a ton
In the warehouse of a trading company operating lithium carbonate in Nantong, Jiangsu Province, the reporter saw that forklifts were loading bags of lithium carbonate to be sent to downstream manufacturers. Wang Hong is the sales director of the company. She told reporters that after loading the car, all the lithium carbonate in their warehouse will be sold.
Wang Hong, sales manager of a new material technology Co., Ltd. in Jiangsu: the supply is in short supply. Now customers use the grab mode. As long as they say they have goods, they will buy them immediately. There are few goods in the warehouse now.
Wang Hong told reporters that the price trend of lithium carbonate this year can be described as "Crazy".
Wang Hong, sales manager of a new material technology Co., Ltd. in Jiangsu: I started in 2018. At that time, the lithium carbonate market was at the lowest point, about RMB 289 and RMB 30000 per ton. Now more than RMB 400000 a ton, many times. The two weeks after the Spring Festival are very crazy. It can rise RMB 10000 in half a day. The time of payment is relatively short. Generally, if the payment is not received, the contract will be invalidated.
The reason for the continuous rise of lithium prices is the significant increase in the demand for downstream power batteries. In an enterprise producing lithium batteries in Changxing, Zhejiang Province, the reporter saw that three lithium battery production lines were operating at full capacity. The person in charge of the production line told the reporter that the order volume of lithium batteries of the enterprise had been increasing in the past two years, and the production line was basically operating at full capacity.
In another manufacturer of lithium batteries for two wheeled mopeds, the person in charge told reporters that their orders were also considerable. However, the rise of raw materials has led to rising costs. As a midstream and downstream enterprise, the profit space is now greatly compressed.
News Source: CCTV Finance
Contact Person: Mr. Kevin Zhang
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