According to the monitoring of the Commodity Market Analysis System of the Business Society, the prices of industrial grade and battery grade lithium carbonate have continued to fall back to the bottom in November. On November 9th, the average domestic mixed price of industrial grade lithium carbonate was 154000 yuan/ton, a decrease of 3.27% compared to the average price of 159200 yuan/ton on November 1st. On November 9th, the average domestic mixed price of battery grade lithium carbonate was 164000 yuan/ton, a decrease of 3.42% compared to the average price of 169800 yuan/ton on November 1st.

By observing market changes, it can be seen that the supply and demand pattern of lithium carbonate market remains weak in November, with prices continuously decreasing. The production lines of some large factories on the supply side have been restored from maintenance, and the production scheduling and operating rates have significantly increased. The supply of lithium carbonate in the market has increased, which still puts pressure on the price of lithium carbonate and shows a downward trend. It is reported that the online auction of Lanke Lithium Industry, a major lithium salt manufacturer, sparked heated discussions in the market at the beginning of this month. Most of the fourteen bid lots were sold at 152000 yuan/ton, with a maximum transaction price of 153000 yuan/ton. Therefore, market prices will further decrease.

In terms of demand, the purchasing willingness of the downstream market is still not high, mainly focused on long-term cooperation and customer supply guarantee, with few actual transactions. The current industry chain has deepened expectations of weak terminal demand in the future, and the current lithium salt supply and demand pattern is still characterized by periodic oversupply. Downstream purchases are still only on demand, and spot prices are under pressure under the supply and demand game.

The price of lithium hydroxide is showing a downward trend. Affected by the downward adjustment in lithium carbonate prices, the price of lithium hydroxide is following the downward trend. In addition, the current downstream demand is still weak, and most of the purchases are on demand, with few zero transactions. Therefore, the price continues to decline. In addition to sufficient domestic supply, the import volume of lithium hydroxide has also increased, resulting in a downward pressure on its price.

The downstream price of lithium iron phosphate has slightly decreased, as the prices of the main raw materials lithium salt and iron phosphate have decreased, resulting in a decrease in the production cost of lithium iron phosphate materials. Iron and lithium factories maintain on-demand production, and after initial inventory removal, the inventory pressure of finished products for iron and lithium enterprises has weakened, and the overall market supply is still sufficient. And downstream demand is basically purchased on demand.

In terms of futures, on November 9th, the opening price of the LC2401 contract for lithium carbonate futures on the Guangzhou Futures Exchange was 145300 yuan/ton, with a maximum price of 146750 yuan/ton, a daily increase of 0.73%, with 324000 transactions and 106948 positions.

According to lithium carbonate analysts from Business Society, the current lithium carbonate market is still maintaining a downward trend, with only long-term purchases of just needed products in the downstream. There is a strong wait-and-see sentiment towards individual purchases, and downstream enterprises are not optimistic about future demand in the short term. It is expected that lithium carbonate prices will remain weak in the short term.