The lithium carbonate prices rose on February 27th.

Published: Feb 27, 2024 17:36

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February 27: Lithium carbonate prices surged, driven by slow post-holiday production resumption and concerns over future supply.

MM 27th February News: The battery-grade lithium carbonate index stood at 96,000 yuan/ton, up 416 yuan/ton compared to the previous working day; Battery-grade lithium carbonate was priced between 95,000 and 99,200 yuan/ton, with an average price of 97,100 yuan/ton, up 450 yuan/ton from the previous working day; Industrial-grade lithium carbonate was priced between 89,000 and 91,700 yuan/ton, with an average price of 90,400 yuan/ton, up 600 yuan/ton from the previous working day. The lithium carbonate prices rose slightly on that day. From the supply and demand perspective, the overall post-holiday resumption of salt manufacturers has been slow, with maintenance and reduced production maintaining a low operating rate around the Spring Festival. It is believed that there will be a seasonal rebound in market demand in the second quarter, with minimal risk of inventory depreciation, thus continuing the strategy of supporting prices through individual sales. Currently, downstream raw material inventories are relatively high, and purchasing willingness is not strong, resulting in limited market acceptance and prices maintaining a slight upward trend. In addition, recent market reports have raised concerns about future lithium salt refining supplies, to some extent, driving prices slightly higher.

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