According to the price monitoring of business association, the market price of lithium carbonate in East China continued to rise in February 2021. As of February 24, the average price of industrial grade lithium carbonate in East China was 76400 yuan / ton, up 11.37% compared with the average price at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 68600 yuan / ton on February 1). On February 24, the average price of battery grade lithium carbonate in East China was 81600 yuan / ton, which increased by 12.09% compared with the average price at the beginning of the month (the average price of carbon in East China was 72800 yuan / ton on February 1). Until the 24th, the comprehensive price of industrial grade lithium carbonate was 73000-80000 yuan / ton, and that of battery grade lithium carbonate was 76000-85000 yuan / ton.

By observing the market changes, the prices of industrial carbon and electric carbon continue to rise this month. Although the Spring Festival holiday is in the middle of this month, the price is stable for the time being, but the price rise trend before and after the Spring Festival holiday is still gratifying. Before the Spring Festival holiday, large lithium salt factories in Jiangxi and Sichuan have stopped production one after another, and most lithium salt factories have stopped quoting, but the price is still in the state of market-oriented and continues to rise. In addition, there are many logistics stoppages, which will greatly increase the transportation cost in the near future and drive the overall price up.

With the end of the Spring Festival holiday, the market sales of lithium carbonate began to recover, the operating rate of downstream enterprises continued to increase, and the market demand has also been greatly improved. In February, lithium carbonate enterprises had more maintenance and took a longer time, which would also have a certain impact on the production and supply in February, which made the prices of lithium carbonate enterprises rise to varying degrees after the holidays.

After the festival, the price of downstream lithium hydroxide is rising. At present, the domestic spot is relatively tight, the market demand is increasing, and the rising price of lithium carbonate also plays a leading role in the upward price of lithium hydroxide. On the other hand, the price of LiFePO4 power market has increased in a wide range. At present, the purchasing of raw materials is cautious, the market is bullish, and new orders have increased, but most of them are contract customers.

According to the lithium carbonate analysts of business news agency, at present, the spot volume of lithium carbonate market is relatively stable. However, due to the rising price, it is reluctant to sell, and the continuous favorable demand of downstream market, it is expected that the price of lithium carbonate will rise in the short term.