Steady to the upside! Total lithium carbonate production rings up!

In November, the domestic total output of lithium carbonate rose steadily, up 8% and 49% year-on-year. Stimulated by sustained high demand, coupled with a certain arbitrage space existing in the futures market, pulling the upstream lithium salt plant start rate overall.

The total output of lithium carbonate increased by 7% year-on-year at the end of November. Increase is mainly due to the increase in the output of lithium hydroxide to lithium carbonate production line, and at the same time, driven by the profit of delivery board, the output of some lithium salt factories has also increased; After a month-on-month decline, lepidolite ended the trend of the lithium carbonate, with a year-on-year increase of 23%. In the incremental part, in addition to the benefits brought by the general increase in demand, the resumption of production of new smelters has also supplemented the increase of lepidolite and the output of lithium carbonate; At the end of the year, the output of lithium carbonate in salt lake was affected by the weather, and the output decreased slightly, with a decrease of 6; Recycling end of the lithium carbonate output in the head of the core factory used battery processing orders continue to increase under the pull, production continued to rise, an increase of 13%.

Into December, the dispatching of the downstream demand side continued the previous high output levels. The positive sentiment of upstream smelter output is in step with the increase. SMM predicts that the total domestic lithium carbonate output will increase by 8% -10% year-on-year in December, and the increase will still come from the lithium mines.

Judging from the current transaction situation in the spot market of lithium carbonate, the increase in downstream consumption led to the purchase of lithium carbonate with zero orders, and the focus of the spot price of lithium carbonate increased sharply in November. In the node near the end of the year, although the downstream scheduling is still relatively optimistic, considering the year-end inventory control, the current buying sentiment is not strong. When the upstream smelters is near the time node of long-term single negotiation, the price sentiment is stronger. Considering the subsequent supply and demand pattern of lithium carbonate, combined with the accumulated inventory level of lithium carbonate, it is expected that the spot price of lithium carbonate will still fluctuate in a range.