According to the Commodity Market Analysis System of Business Society, the spot price of lithium carbonate has continued to decline recently. As of May 27th, the benchmark price of domestic battery grade lithium carbonate business society is 62200 yuan/ton, a decrease of 9.77% from the beginning of the month; The benchmark price of domestic industrial grade lithium carbonate trading company is 60933 yuan/ton, a decrease of 10.26% from the beginning of the month.

On May 26th, the main contract LC2507 for lithium carbonate futures fell below the 60000 yuan/ton mark during trading, dropping to 59920 yuan/ton, and then slightly rebounded, closing at 60100 yuan/ton.
The recent pattern of oversupply of lithium carbonate has not changed, and although the weekly production has decreased, it is still at a high level. On the demand side: Currently, there is a pattern of “stock substitution” between fuel vehicles and new energy vehicles, and the demand side will usher in a low season. The expectation is not optimistic.
The data analyst of Shengyi Society believes that lithium carbonate is currently in the stage of clearing production capacity, with prices gradually declining. The supply side will gradually reduce production, but the mining side’s production reduction is only a signal to stop the decline. The long-term oversupply market pattern suppresses the rebound space of lithium carbonate prices, and it is expected that lithium carbonate will fluctuate in the short term.