Below are the factors that influence the daily price of lithium carbonate:
Supply and demand
1. On the supply side, lithium mining is affected by natural conditions and production equipment conditions, such as the Qinghai Salt Lake in winter due to icing production decline, summer temperatures rise production rebound. New production capacity put into operation and climbing rhythm, grade fluctuations and equipment maintenance, etc., will also make lithium carbonate production short-term fluctuations.
2. On the demand side, the development status of new energy vehicles, energy storage batteries and other industries have a big impact on the demand for lithium carbonate. When the new energy automobile market growth slows down, or near the end of the year, the material factory to go to the warehouse, buy mood is not strong, demand decline, will pull down the price of lithium carbonate.
Market sentiment and expectations
1. If the market is expected to increase the future supply of lithium carbonate oversupply, buyers will take a wait-and-see attitude, and sellers will reduce the price to sell, resulting in a decline in prices.
2. Macroeconomic situation, policy changes, etc. will also affect market expectations. Such as the government's new energy vehicle industry policy support adjustments, will make the market demand for lithium carbonate is expected to change, which in turn affects the price.
Cost factors
The production cost of lithium carbonate includes lithium ore, fuel, power costs, labour costs, etc.. Lithium ore price fluctuations, production process improvements, etc. will lead to cost changes, which in turn affect the price. When costs rise, companies will increase selling prices; when costs fall, there is room for prices to fall.
Quality and grade differences
Lithium carbonate has different grades, such as industrial grade, battery grade, quasi-battery grade, etc., and different grades have different prices. The same level of products, due to different types of raw materials, such as ore material, brine material, recycled material, the price also varies.
Futures market impact
Lithium carbonate futures price fluctuations will affect the spot price. Futures market investor sentiment, capital flows, delivery logic changes, etc., will lead to changes in futures prices, which in turn leads to the spot market, causing lithium carbonate price fluctuations.
Policy factors
The government's subsidy policy for new energy vehicles, support policies for renewable energy, etc. will affect the demand for lithium carbonate, thus affecting its price. In addition, the adjustment of the lithium battery export tax rebate rate may also have a certain impact on the lithium carbonate market.
International Trade Situation
When international trade tensions arise, it may affect the supply chain of lithium carbonate, resulting in price increases.