Chinese battery grade lithium carbonate market sees pessimistic attitudes
2023-03-15 08:29:49 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Dragged by consumers' wait-and-see attitudes, the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max market remained inactive over the past week. The current mainstream prices of Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max dropped to RMB325,000-330,000/t (USD47,264-47,992/t) delivered D/A 180 days, a decrease of around RMB15,000/t (USD2,181/t) from one week ago. In view of weak demand and sliding target prices from consumers, insiders forecasted that the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max mainstream prices would drop further in the upcoming week.
A producer in South China holds a pessimistic attitude towards the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max demand outlook in the coming month and remains bearish about the price trend in the coming week. He lowers quotation to around RMB330,000/t (USD47,992/t) delivered D/A 180 days for battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max and considers selling at around RMB325,000/t (USD47,264/t) at present, while he refused to sell at prices below RMB345,000/t (USD50,173/t) one week ago, when he sold 60t at around RMB345,000/t (USD50,173/t). "I failed to receive inquiries from spot buyers over the past week," said the producer.
With an annual production capacity of 35,000t of battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max, the producer's outputs in 2022 and so far in 2023 recorded approximately 20,000t and 5,000t respectively. He expects an output of around 2,000t in March, without much change MoM. He holds an inventory of about 2,000t now, an increase of 1,000t MoM.
Another producer in South China predicted that the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max mainstream prices would go down by around RMB20,000/t (USD2,909/t) in the upcoming week due to soft demand and dropping prices from consumers. He quotes around RMB335,000/t (USD48,719/t) delivered D/A 180 days and has intention to sell at about RMB330,000/t (USD47,992/t) now, while he didn't consider selling at prices below RMB345,000/t (USD50,173/t) one week ago. "I concluded my latest sale early this month, when I sold 200t at around RMB345,000/t (USD50,173/t)," said the producer, who holds a negative attitude towards the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max demand outlook.
The producer, with an annual production capacity of 24,000t, estimates to produce around 1,400t this month, without much change MoM. He produced about 3,400t so far this year, compared with approximately 18,000t last year. He has around 1,400t of stocks now, up by 400t MoM.
A producer in South China holds a pessimistic attitude towards the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max demand outlook in the coming month and remains bearish about the price trend in the coming week. He lowers quotation to around RMB330,000/t (USD47,992/t) delivered D/A 180 days for battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max and considers selling at around RMB325,000/t (USD47,264/t) at present, while he refused to sell at prices below RMB345,000/t (USD50,173/t) one week ago, when he sold 60t at around RMB345,000/t (USD50,173/t). "I failed to receive inquiries from spot buyers over the past week," said the producer.
With an annual production capacity of 35,000t of battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max, the producer's outputs in 2022 and so far in 2023 recorded approximately 20,000t and 5,000t respectively. He expects an output of around 2,000t in March, without much change MoM. He holds an inventory of about 2,000t now, an increase of 1,000t MoM.
Another producer in South China predicted that the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max mainstream prices would go down by around RMB20,000/t (USD2,909/t) in the upcoming week due to soft demand and dropping prices from consumers. He quotes around RMB335,000/t (USD48,719/t) delivered D/A 180 days and has intention to sell at about RMB330,000/t (USD47,992/t) now, while he didn't consider selling at prices below RMB345,000/t (USD50,173/t) one week ago. "I concluded my latest sale early this month, when I sold 200t at around RMB345,000/t (USD50,173/t)," said the producer, who holds a negative attitude towards the Chinese battery grade lithium carbonate 99.5%min Na 0.025%max, K 0.001%max demand outlook.
The producer, with an annual production capacity of 24,000t, estimates to produce around 1,400t this month, without much change MoM. He produced about 3,400t so far this year, compared with approximately 18,000t last year. He has around 1,400t of stocks now, up by 400t MoM.
