Chinese LFP prices down
2023-03-02 08:35:42 [Print]
Beijing (Asian metal) 2 Mar 23 - Under decreasing prices of lithium carbonate, Chinese LFP producers reduced their prices this week. Today, the mainstream prices of Chinese LFP stand at RMB118,000-123,000/t (USD17,175-17,903/t) delivered D/A 180 days, down by about RMB3,000/t (USD437/t) from late last week
A producer in South China offers RMB125,000/t (USD18,194/t) delivered D/A 180 days and refuses prices lower than RMB120,000/t (USD17,466/t) for LFP today, while they offered RMB128,000/t (USD18,630/t) delivered D/A 180 days and could consider the price as low as RMB125,000/t (USD18,194/t) late last week. "We failed to get any inquiry this week and last sold 15t at RMB128,000/t (USD18,630/t) late last week", said the producer, adding that a lot of small battery factories which consume LFP less than 30t monthly halted production owing to no profit under the weak demand . Considering the weak demand and reducing prices of lithium carbonate, they predict that the prevailing prices of Chinese LFP would move down further in the following week.
With an annual production capacity of 15,000t and an output of about 500t in February, they plan to produce less this month due to the weak demand. They hold around 1,500t of stocks now.
Another producer in South China quotes RMB122,000/t (USD17,757/t) delivered D/A 180 days and refuses prices lower than RMB118,000/t (USD17,175/t) for LFP today, while they quoted RMB127,000/t (USD18,485/t) delivered D/A 180 days and could consider the price as low as RMB125,000/t (USD18,194/t) late last week, when they sold 5t at RMB127,000/t (USD18,485/t). "Our orders of LFP reduced by about 50% this month compared with those before Spring Festival", noted the producer, who stressed that they only buy lithium carbonate based on limited orders of LFP just earning processing fee . In view of the declining prices of raw material, they predict that the mainstream prices of Chinese LFP would show a continuous downtrend this week.
Based on an annual production capacity of 3,000t, they predict to produce about 60t this month, without much change from last month. they hold around 90t for the time being.
. The market still moves slowly and many small battery factories halted production due to soft demand . Given the downward prices of lithium carbonate, insiders foresee that the mainstream prices of Chinese LFP would go down in the coming week.
A producer in South China offers RMB125,000/t (USD18,194/t) delivered D/A 180 days and refuses prices lower than RMB120,000/t (USD17,466/t) for LFP today, while they offered RMB128,000/t (USD18,630/t) delivered D/A 180 days and could consider the price as low as RMB125,000/t (USD18,194/t) late last week. "We failed to get any inquiry this week and last sold 15t at RMB128,000/t (USD18,630/t) late last week", said the producer, adding that a lot of small battery factories which consume LFP less than 30t monthly halted production owing to no profit under the weak demand . Considering the weak demand and reducing prices of lithium carbonate, they predict that the prevailing prices of Chinese LFP would move down further in the following week.
With an annual production capacity of 15,000t and an output of about 500t in February, they plan to produce less this month due to the weak demand. They hold around 1,500t of stocks now.
Another producer in South China quotes RMB122,000/t (USD17,757/t) delivered D/A 180 days and refuses prices lower than RMB118,000/t (USD17,175/t) for LFP today, while they quoted RMB127,000/t (USD18,485/t) delivered D/A 180 days and could consider the price as low as RMB125,000/t (USD18,194/t) late last week, when they sold 5t at RMB127,000/t (USD18,485/t). "Our orders of LFP reduced by about 50% this month compared with those before Spring Festival", noted the producer, who stressed that they only buy lithium carbonate based on limited orders of LFP just earning processing fee . In view of the declining prices of raw material, they predict that the mainstream prices of Chinese LFP would show a continuous downtrend this week.
Based on an annual production capacity of 3,000t, they predict to produce about 60t this month, without much change from last month. they hold around 90t for the time being.