According to the data monitoring of business news agency, on January 7, 2021, the price of lithium carbonate continued the upward trend at the end of 2020 and continued to rise. On January 7, the average price of industrial grade lithium carbonate in East China was 56400 yuan / ton, which was 12.8% higher than that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 50000 yuan / ton on January 1). On January 7, the average price of battery grade lithium carbonate in East China was 60800 yuan / ton, which was 11.36% higher than that at the beginning of the month (the average price of battery grade lithium carbonate in East China was 54600 yuan / ton on January 1). On July 7, the comprehensive quotation of industrial grade lithium carbonate market was around 52000 ~ 60000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market was around 58000 ~ 65000 yuan / ton.

By observing market changes, after the new year’s Day holiday, the price of industrial grade and battery grade lithium carbonate continued to rise. Due to the approaching of the Spring Festival holiday, the market is mainly in the state of active stock preparation, so the demand is still in a tense state, and some lithium carbonate enterprises are even in the state of tight spot and no stock reservation. In addition, in the first quarter, large factories began to repair and under the guidance of bullish sentiment, some downstream enterprises appeared the phenomenon of excessive procurement. With the approaching of logistics and transportation stoppage and continuous stocking, the price of lithium carbonate still has room to rise in the short term.

The price of lithium hydroxide in the lower reaches recovered and rose. The low-cost products in the market were basically cleared, and the demand side was dominated by overseas increment. The demand of some downstream and smelters shifted to working hydrogen, and the low-cost inventory was basically cleared. The price of working hydrogen and low-cost electric hydrogen led the rise. In terms of lithium iron phosphate power market, due to the rapid rise of lithium carbonate price, the cost pressure of lithium iron enterprises is increasing, and many manufacturers increase the price.

According to the price monitoring of business news agency, on January 6, 2021, there were 13 kinds of commodities in the list of rise and fall of commodity prices in the chemical industry sector, with polysilicon (2.62%), ethylene glycol (2.37%) and propane (2.07%) as the top three commodities. There were 17 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 products with a decrease were acetone (- 5.46%), butadiene (- 5.06%) and butanone (- 3.32%).

According to lithium carbonate analysts of business news agency, there is still room for the price of lithium carbonate to rise. However, as the Spring Festival approaches, the logistics is limited, and the purchasing sentiment will gradually slow down. It is expected that the price of lithium carbonate may still rise steadily in the short term.