On October 13, LC2701, the main contract for lithium carbonate futures, fell 1.67% to close at 10,7060 yuan/ton, which is narrower than the 11.79% decline on the previous trading day. According to statistics, the cumulative decline of LC2701 since September reached 33.5%, once setting the lowest price of 10,2,700 yuan/ton in the year. On the spot side, Mysteel data shows that on October 13, the average price of battery-grade lithium carbonate dropped another 2,900 yuan from the previous day, with a price of 10,8850 yuan/ton. “Lithium carbonate stocks have increased”, “demand for energy storage falls short of expectations”, “there is excess supply”... Recently, the lithium carbonate industry seems to be sluggish. A person who has been following the lithium carbonate industry for a long time said bluntly that the continued weakening of lithium carbonate prices since September is more due to news disturbances and a financial game in the futures market, and the relationship between spot supply and demand is not that relaxed. Overall, the market's “concerns” about lithium carbonate mainly stem from the risk of a potential decline in energy storage demand. The industry generally believes that energy storage is the core engine driving the growth of lithium carbonate demand. According to some analysts, considering that the effective window for high-yield capacity electricity prices is only 2 to 3 years, it is expected that installed energy storage capacity will maintain high growth in 2026 and 2027.
Zhitongcaijing · 1d ago
Share
Listen to the news
On October 13, LC2701, the main contract for lithium carbonate futures, fell 1.67% to close at 10,7060 yuan/ton, which is narrower than the 11.79% decline on the previous trading day. According to statistics, the cumulative decline of LC2701 since September reached 33.5%, once setting the lowest price of 10,2,700 yuan/ton in the year. On the spot side, Mysteel data shows that on October 13, the average price of battery-grade lithium carbonate dropped another 2,900 yuan from the previous day, with a price of 10,8850 yuan/ton. “Lithium carbonate stocks have increased”, “demand for energy storage falls short of expectations”, “there is excess supply”... Recently, the lithium carbonate industry seems to be sluggish. A person who has been following the lithium carbonate industry for a long time said bluntly that the continued weakening of lithium carbonate prices since September is more due to news disturbances and a financial game in the futures market, and the relationship between spot supply and demand is not that relaxed. Overall, the market's “concerns” about lithium carbonate mainly stem from the risk of a potential decline in energy storage demand. The industry generally believes that energy storage is the core engine driving the growth of lithium carbonate demand. According to some analysts, considering that the effective window for high-yield capacity electricity prices is only 2 to 3 years, it is expected that installed energy storage capacity will maintain high growth in 2026 and 2027.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending