In August 2024, the price of lithium carbonate, a core raw material in the battery industry, experienced a slight fluctuation after a decline. Data shows that in August, the price of battery-grade lithium carbonate dropped from 81,700 yuan/mt to 74,600 yuan/mt, a decrease of 8.7%. Meanwhile, the price of industrial-grade lithium carbonate also fell from 76,750 yuan/mt to 70,300 yuan/mt, a decrease of 8.4%.
The decline in lithium carbonate prices also led to a reduction in LiPF6 prices. As an important electrolyte material for lithium batteries, the price of LiPF6 in August dropped from 57,150 yuan/mt to 53,950 yuan/mt, a decrease of 5.6%.
Although prices declined at the beginning of August, the market saw slight fluctuations in the middle to late month. This fluctuation reflects market uncertainty about future demand and the cautious attitude of producers towards price adjustments. Since lithium carbonate is a primary raw material for LiPF6, the reduction in its cost led producers to continuously adjust prices, resulting in a 5.6% price drop for LiPF6 in August.
However, the future price trend still needs to be monitored in light of the global economic situation and changes in industry supply and demand to better grasp market dynamics. Overall, despite the current downward pressure on prices, the market remains somewhat resilient to potential future fluctuations.
