Today, the average price of lithium carbonate breaks through 300000 and rises by 6000 yuan a day! Is the agency expected to rise to 500000? [SMM Express]

SMM January 7: after yesterday's spot price of lithium carbonate rose to 300000 yuan / ton, the price of lithium carbonate ushered in a jump again today, its price has risen to 298000 ~ 306000 yuan / ton, and the spot price also rose 6000 yuan / ton today, successfully breaking through the 300000 barrier to 302000 yuan / ton.

"Click to view the spot market of SMM new energy products.

In the past four trading days of the New year, the average spot price of lithium carbonate has risen by 24000 yuan, or 8.63%. The average price of lithium carbonate is equivalent to an average daily increase of 6000 yuan / ton.

While the price of lithium carbonate continues to rise, battery-grade lithium hydroxide also rises unwillingly. Today, the average spot price of battery-grade lithium hydroxide rose 6000 yuan / ton to 249500 tons / yuan. The total increase in the four trading days of the new year is 20, 000 yuan, with an average daily increase of 5000 yuan / ton.

As for the reason for the rise in the price of lithium hydroxide, according to SMM research, it is mainly affected by the rise in the price of lithium carbonate. With regard to the recent price rise of lithium carbonate, Sino-Thai Securities said in a research report that the stock market at the end of the year pushed up the price of lithium carbonate. In addition, the prosperity of the global new energy industry continued to rise, the electric car market in China, the United States and Europe resonated, and the upward trend in upstream raw material prices continued to strengthen.

SMM's recent survey also found that after New Year's Day, major domestic factories shut down production and maintenance and natural gas restrictions in Qinghai, resulting in a decline in lithium carbonate supply. There are few quotations from major domestic manufacturers, and some high-level lithium carbonate has even been traded at 310000 yuan / ton. "View details

As for the future price trend of lithium carbonate, Guojin Securities believes that the current increment of lithium carbonate production side is quite limited, but the demand increment is sufficient, and the price of lithium carbonate is likely to rise to 500000 / ton in the future. Guojin Securities believes that the shortage of lithium carbonate will not be alleviated until 2024 and 2025, but the situation that supply falls short of demand still cannot be easily completely reversed.

However, in its previous annual forecast, SMM believes that lithium carbonate will show a supply gap of about 7 per cent in 2022, the annual average price will significantly rise to about 280000 yuan / ton, and the high price may reach about 350000 yuan / ton. "View details