In the past years, due to the price increase of lithium related products, price of Lithium Polysilicate raw material increase a lot.
In 2022 ~ 2023, Price hit record highs. That is not good for Lithium Polysilicate marketing & selling. It is a product mainly used for achitechive, and High prices make users look for alternatives.
In 2024, the crazy lithium price has suddenly cooled down. The price of lithium carbonate has fallen from the peak of 600,000 yuan/ton in 2023 to 100,000 yuan/ton recently. Market data shows that since November 1, lithium carbonate futures LC2401 has fallen from 155,000 yuan/ton to 96,000 yuan/ton, a drop of more than 38%.
In the view of industry insiders, the price reduction trend is still difficult to reverse for the time being. Professionals said that the downstream demand for cost reduction is very clear, and the decline in material prices is inevitable. According to the trend of the lithium battery industry in 2023, in rounds of price cuts, the industrial chain has been reshaped, and the bargaining center of the industry has shifted to the downstream-the industry has changed from the downstream prospecting to the upstream market.
Because of the stable price of lithium raw material, Lithium Polysilicate raw material price is stable in 2024. For users of lithium silicate products, now is a good time to place order.