According to the price monitoring of business associations, the market price of lithium carbonate in East China showed a downward trend in June, and the market atmosphere has not improved since the Dragon Boat Festival holiday. On June 26, the average price of industrial grade lithium carbonate in East China was 70,000 yuan/ton, which decreased by -0.68% at the end of the month compared with the beginning of the month. On June 26, the average price of battery-grade lithium carbonate was 78800 yuan/ton, which decreased by -1.3% at the end of the month compared with the beginning of the month.

By observing the market changes, the price of lithium carbonate remained relatively stable in early June, but after the end of the Dragon Boat Festival, the price began to fall, and the manufacturers said that the order situation in June was lower than in May, and the atmosphere of downstream purchase of lithium carbonate was also relatively lower. The price of lithium carbonate slowly and steadily recovered in the middle of the next month. Because the purchasing volume in the middle and lower reaches of the month was less, it was usually purchased at the end of the month or at the beginning of the month, so the transaction price remained stable and unchanged. The price of lithium carbonate declined in late June, while sales of battery-grade lithium carbonate were not as good as industrial-grade lithium carbonate, and orders continued to decline in July.

At present, the transition period of subsidies recession in lithium carbonate market is over, and the recent bulk bill transactions are scarce. It is obvious that the market demand is not as good as before. This month, the comprehensive price of industrial grade lithium carbonate is between 65,000 and 75,000 yuan/ton, and that of battery grade lithium carbonate is between 74,000 and 85,000 yuan/ton.

According to analysts of business association Lithium Carbonate, from the current market situation, the production of high nickel ternary materials by ternary materials manufacturers has been reduced or delayed, which has led to the weakening of upstream demand. Coupled with the decline in market demand, lithium carbonate prices are expected to operate at a low level in the short term.