Tianqi Lithium: signing of long-term orders is inevitable in future
2019-04-09 17:42:29 [Print]
At the 2018 operation meeting held on April 8, Tianqi Lithium Chairman Jiang Weiping pointed out that from a long run perspective, signing of long-term orders will be an inevitable trend in the future. In 2018, Tianqi Lithium's sales from long-term section or overseas section increased notably, up by 142.60% YOY; and with its Australia-based Kwinana plant built and going into operation, its overseas output and selling volume will grow and accordingly long-term orders will account for a higher proportion in its total selling. At the same time, Tianqi Lithium notes that some major Chinese consumers also show interest in signing long-term orders; and with more long-term orders placed by Chinese consumers, fluctuations in short-term prices will have further smaller impacts upon the market. Considering the current market conditions, the company finds that between its long-term prices and quotations of some Chinese suppliers' short-term orders, there already has been a gap, indicating that downstream consumers attach more importance to stable and reliable supply. As consumers from downstream industries are expanding their production capacities, they have to first ensure their production safety and therefore have to adopt a quite planned way to administer their stocks. Such situations are favorable for large-sized leading lithium companies.
LNCMO 622 Delivered China
Unit:RMB/kg
China lithium nickel cobalt manganese oxide producers' operating rate statistics by province by month
Unit: %
