Chinese LFP prices decline
2023-03-16 08:28:24 [Print]
BEIJING (Asian Metal) 16 Mar 23 - Dragged by sliding lithium carbonate 99
A producer in North China revealed that he lowers LFP quotation to about RMB114,000/t (USD16,509/t) delivered D/A 180 days and refuses to accept counteroffer now, while he refused to sell at prices below RMB116,000/t (USD16,798/t) one week ago. "I last sold 30t at around RMB114,000/t (USD16,509/t) two days ago," said the producer, adding that five of his major clients, who used to buy around 90t every time, only purchase around 30t every time this month . He could purchase lithium carbonate 99.5%min at around RMB320,000/t (USD46,340/t) delivered D/A 180 days now, while he had difficulty in buying at prices below RMB350,000/t (USD50,685/t) one week ago . In view of producers' downward costs caused by sliding lithium carbonate 99.5%min prices, he forecasted that the Chinese LFP prices would go down by around RMB2,000/t (USD290/t) in the coming week.
With an annual production capacity of 48,000t of LFP, the producer expects to produce around 3,500t this month, without much change MoM. His outputs in 2022 and so far in 2023 recorded approximately 24,000t and 8,000t respectively . He holds an inventory of around 2,000t now, an increase of 1,000t MoM.
A producer in South China noted that they quote around RMB115,000/t (USD16,654/t) delivered D/A 180 days for LFP and consider selling at around RMB114,000/t (USD16,509/t) now, while they had no intention to sell at prices below RMB117,000/t (USD16,943/t) one week ago. They concluded their latest sale early this month, when they sold 30t at around RMB120,000/t (USD17,378/t) one week ago . "We have difficulties in concluding deals and have to accept price declines to gain orders," said the producer, who failed to receive any inquiries over the past week . In view of the weak demand from consumers and dropping lithium carbonate 99 . 5%min prices, they predicted that the Chinese LFP market would continue witnessing sliding prices in the forthcoming week.
The producer, with an annual production capacity of 15,000t of LFP, produced only around 700t so far this year as a result of poor demand from consumers, compared with approximately 8,700t last year. They expect no output this month, unchanged MoM . They hold around 300t of stocks now, down by 200t MoM.
. 5%min prices, Chinese LFP suppliers lowered prices over the past week. As a consequence, the current Chinese LFP mainstream prices declined to RMB113,000-115,000/t (USD16,364-16,654/t) delivered D/A 180 days, down by around RMB2,000/t (USD290/t) from one week ago . In view that producers' costs still show downward trend, insiders forecasted that the Chinese LFP mainstream prices would move down further in the upcoming week.
A producer in North China revealed that he lowers LFP quotation to about RMB114,000/t (USD16,509/t) delivered D/A 180 days and refuses to accept counteroffer now, while he refused to sell at prices below RMB116,000/t (USD16,798/t) one week ago. "I last sold 30t at around RMB114,000/t (USD16,509/t) two days ago," said the producer, adding that five of his major clients, who used to buy around 90t every time, only purchase around 30t every time this month . He could purchase lithium carbonate 99.5%min at around RMB320,000/t (USD46,340/t) delivered D/A 180 days now, while he had difficulty in buying at prices below RMB350,000/t (USD50,685/t) one week ago . In view of producers' downward costs caused by sliding lithium carbonate 99.5%min prices, he forecasted that the Chinese LFP prices would go down by around RMB2,000/t (USD290/t) in the coming week.
With an annual production capacity of 48,000t of LFP, the producer expects to produce around 3,500t this month, without much change MoM. His outputs in 2022 and so far in 2023 recorded approximately 24,000t and 8,000t respectively . He holds an inventory of around 2,000t now, an increase of 1,000t MoM.
A producer in South China noted that they quote around RMB115,000/t (USD16,654/t) delivered D/A 180 days for LFP and consider selling at around RMB114,000/t (USD16,509/t) now, while they had no intention to sell at prices below RMB117,000/t (USD16,943/t) one week ago. They concluded their latest sale early this month, when they sold 30t at around RMB120,000/t (USD17,378/t) one week ago . "We have difficulties in concluding deals and have to accept price declines to gain orders," said the producer, who failed to receive any inquiries over the past week . In view of the weak demand from consumers and dropping lithium carbonate 99 . 5%min prices, they predicted that the Chinese LFP market would continue witnessing sliding prices in the forthcoming week.
The producer, with an annual production capacity of 15,000t of LFP, produced only around 700t so far this year as a result of poor demand from consumers, compared with approximately 8,700t last year. They expect no output this month, unchanged MoM . They hold around 300t of stocks now, down by 200t MoM.