Chinese battery grade lithium carbonate prices decline
2023-04-18 08:33:26 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Dragged by consumers' decreasing target prices and furious competition among sellers, Chinese battery grade lithium carbonate suppliers lowered prices over the past week
A producer in North China disclosed that he lowers lithium carbonate 99.5%min, Na 0 . 025%max, K 0.001%max quotation to around RMB180,000/t (USD26,201/t) delivered D/A 180 days and considers selling at about RMB170,000/t (USD24,745/t) now, while he had no intention to sell at prices below RMB200,000/t (USD29,112/t) one week ago. He concluded his latest sale yesterday, when he sold 100t at around RMB170,000/t (USD24,745/t) . "Dragged by sliding target prices from consumers and furious competition, I have to lower lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0 . 001%max prices in order to gain orders," said the producer, who forecasted that the Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0.001%max mainstream prices would go down by around RMB20,000/t (USD2,911/t) in the coming week.
With an annual production capacity of 30,000t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0 . 001%max, the producer expects an output of around 2,000t this month, an increase of 1,400t MoM . They produced approximately 5,000t and 3,500t respectively last year and so far this year . He holds an inventory of around 1,500t now, up by 500t MoM.
A consumer in South China noted that he sent an inquiry of 30t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0.001%max yesterday and got inquiries of around RMB180,000/t (USD26,201/t) delivered D/A 180 days from regular suppliers at present. According to his experience, he could buy at around RMB175,000/t (USD25,437/t) now, while he couldn't buy at prices below RMB195,000/t (USD28,384/t) one week ago. "I concluded my latest procurement in late March, when I bought 30t at around RMB260,000/t (USD37,846/t)," said the consumer, who forecasted that Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0 . 001%max mainstream prices still have room to go down in the forthcoming week.
The consumer, with an annual consumption capacity of 4,250t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0 . 001%max, consumed around 320t so far in 2023, compared with approximately 3,000t in 2022 . He estimates to use around 40t this month, a decline of 10t MoM . He has around 10t of stocks at present, down by around 20t MoM.
. Therefore, the mainstream prices of Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0.001%max dropped to RMB170,000-185,000/t (USD24,745-26,929/t) delivered D/A 180 days, down by around RMB20,000/t (USD2,911/t) from one week ago . As buyers purchase inactively, insiders forecasted that the Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0 . 001%max mainstream prices would slide further in the coming week.
A producer in North China disclosed that he lowers lithium carbonate 99.5%min, Na 0 . 025%max, K 0.001%max quotation to around RMB180,000/t (USD26,201/t) delivered D/A 180 days and considers selling at about RMB170,000/t (USD24,745/t) now, while he had no intention to sell at prices below RMB200,000/t (USD29,112/t) one week ago. He concluded his latest sale yesterday, when he sold 100t at around RMB170,000/t (USD24,745/t) . "Dragged by sliding target prices from consumers and furious competition, I have to lower lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0 . 001%max prices in order to gain orders," said the producer, who forecasted that the Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0.001%max mainstream prices would go down by around RMB20,000/t (USD2,911/t) in the coming week.
With an annual production capacity of 30,000t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0 . 001%max, the producer expects an output of around 2,000t this month, an increase of 1,400t MoM . They produced approximately 5,000t and 3,500t respectively last year and so far this year . He holds an inventory of around 1,500t now, up by 500t MoM.
A consumer in South China noted that he sent an inquiry of 30t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0.001%max yesterday and got inquiries of around RMB180,000/t (USD26,201/t) delivered D/A 180 days from regular suppliers at present. According to his experience, he could buy at around RMB175,000/t (USD25,437/t) now, while he couldn't buy at prices below RMB195,000/t (USD28,384/t) one week ago. "I concluded my latest procurement in late March, when I bought 30t at around RMB260,000/t (USD37,846/t)," said the consumer, who forecasted that Chinese lithium carbonate 99 . 5%min, Na 0 . 025%max, K 0 . 001%max mainstream prices still have room to go down in the forthcoming week.
The consumer, with an annual consumption capacity of 4,250t of lithium carbonate 99.5%min, Na 0 . 025%max, K 0 . 001%max, consumed around 320t so far in 2023, compared with approximately 3,000t in 2022 . He estimates to use around 40t this month, a decline of 10t MoM . He has around 10t of stocks at present, down by around 20t MoM.