TrendForce:China’s Lithium Carbonate Price in April: 198,000 Yuan/ton
TrendForce
On May 8th, according to the official release of TrendForce, research shows that the average price of battery-grade lithium carbonate in China fell to RMB 198,000 per ton in April, a month-on-month drop of 39%.
lithium hydroxide dropped to RMB 266,000 per ton , down 33% month on month. Although the average price fell more than last month, the price of lithium salt showed signs of rebounding in mid-to-late April.
In addition, lithium hexafluorophosphate, the raw material of the electrolyte, has also begun to rise recently, and the prices of materials such as negative electrode materials, iron phosphate, and lithium battery copper foil have also approached bottoming out, and the prices of the power battery industry chain have gradually stabilized.
As the price of lithium salt continued to fall for five months before it stabilized in April, the prices of various lithium-ion battery products fell back to the level before the outbreak of lithium-ion battery market demand at the end of 2021.
Looking specifically at product prices, the average prices of square ternary batteries, iron-lithium batteries and soft-pack ternary power batteries for vehicles in April fell to 0.83 yuan/Wh, 0.74 yuan/Wh and 0.87 yuan/Wh respectively; In terms of batteries.
lithium iron phosphate energy storage batteries fell by 10.5% in April, about 0.74 yuan/Wh, while the price of lithium iron phosphate materials has recently begun to rise, and corporate orders have also begun to pick up.
In terms of consumer battery batteries, cobalt acid The average price of lithium batteries in April was 8.54 yuan/Ah, down 9.3% month on month, and the lithium cobalt oxide market has also picked up recently.
According to TrendForce, the destocking of Chinese power battery manufacturers is coming to an end, and the supply-demand relationship has gradually become normal after more than a quarter of market-oriented adjustments.
According to observations, the current battery material prices are gradually stabilizing, and market demand is growing steadily.
China’s power battery industry chain is showing signs of gradual recovery. With the recovery of downstream demand, June is expected to usher in a full recovery.
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