After a brief stabilization in the previous trading day, SMM spot prices showed that domestic lithium carbonate and lithium hydroxide prices rose again today. Industrial zero grade lithium carbonate rose $435 / ton a day leading other varieties, as of August 31, domestic industrial zero grade lithium carbonate spot price has risen to $68,500 ~ $69,400 / ton price, the average price of $68,900 / ton, up $435 / ton in a day.
The battery grade lithium carbonate rose $290 / ton in a single day, the spot price rose to $70,300 to $71,700/ ton, the average price of $71,000/ ton successfully stood at the integer mark of $71,000. The price of lithium hydroxide-related products, which recently rose along with lithium carbonate prices, has also continued to rise. According to SMM spot price, today's industrial lithium hydroxide spot price rose to $65,600 to $67,600 / ton price, the average price at $66,800 / ton, up by $290 in a single day.
Previous research showed that the recent rise in lithium carbonate prices is mostly due to power rationing and the epidemic closure in Qinghai province led to the small market spot circulation, strong bullish upstream stimulus. Now in September, with the power rationing in Sichuan and other places, SMM expects lithium carbonate supply will rise significantly. Considering that some manufacturers due to the low operating rate, the supply side is expected to rise by 7%; the demand side supports increasing lithium iron capacity, lithium carbonate demand is expected to rise by 11%, and the supply and demand gap will be enlarged in September.
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