Chinese industrial grade lithium carbonate prices down
2023-03-22 08:27:10 [Print]
BEIJING (Asian Metal) 22 Mar 23 - Dragged by weak demand from consumers, the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max market witnessed slow buying activities over the past week. The current mainstream prices of Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max dropped to RMB240,000-250,000/t (USD34,915-36,370/t) delivered D/P, with a decrease of around RMB30,000/t (USD4,364/t) from one week ago. Given that buyers still purchase inactively, insiders forecasted that the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max mainstream prices would go down further in the upcoming week.
A producer in South China noted that he quotes around RMB250,000/t (USD36,370/t) delivered D/P for industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max and has intention to sell at about RM245,000/t (USD35,642/t) at present, while he refused to sell at prices below RMB280,000/t (USD40,735/t) one week ago. He last sold 60t at around RMB250,000/t (USD36,370/t) early this week. "My clients purchase inactively and keep lowering target prices, so I have to mark down industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max prices to gain orders among drastic competition," said the producer, who lacks confidence towards the demand outlook and forecasted that the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max mainstream prices would go down by around RMB20,000/t (USD1,910/t) in the upcoming week.
With an annual production capacity of 2,500t of industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max, the producer expects an output of only around 150t this month, unchanged MoM. He produced approximately 2,000t and 400t respectively in 2022 and so far in 2023. He holds an inventory of around 90t now, an increase of 90t MoM.
Another producer in South China claimed that he quotes around RMB255,000/t (USD37,098/t) delivered D/P for industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max and has intention to sell at about RMB250,000/t (USD36,370/t) at the moment, while he didn't consider selling at prices below RMB280,000/t (USD40,735/t) one week ago. "I concluded my latest sale in late February, when I sold 21t at around RMB375,000/t (USD54,555/t)," said the producer, who failed to receive any inquiries over the past week. He has difficulty in concluding deals and forecasted that the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max mainstream prices still have room to decline in the coming week.
The producer, with an annual production capacity of 1,200t of industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max, produced about 60t so far in 2023, compared with approximately 260t in 2022. He estimates to produce around 45t this month, compared with about 30t last month. He holds an inventory of around 45t at present, up by 40t MoM.
A producer in South China noted that he quotes around RMB250,000/t (USD36,370/t) delivered D/P for industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max and has intention to sell at about RM245,000/t (USD35,642/t) at present, while he refused to sell at prices below RMB280,000/t (USD40,735/t) one week ago. He last sold 60t at around RMB250,000/t (USD36,370/t) early this week. "My clients purchase inactively and keep lowering target prices, so I have to mark down industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max prices to gain orders among drastic competition," said the producer, who lacks confidence towards the demand outlook and forecasted that the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max mainstream prices would go down by around RMB20,000/t (USD1,910/t) in the upcoming week.
With an annual production capacity of 2,500t of industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max, the producer expects an output of only around 150t this month, unchanged MoM. He produced approximately 2,000t and 400t respectively in 2022 and so far in 2023. He holds an inventory of around 90t now, an increase of 90t MoM.
Another producer in South China claimed that he quotes around RMB255,000/t (USD37,098/t) delivered D/P for industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max and has intention to sell at about RMB250,000/t (USD36,370/t) at the moment, while he didn't consider selling at prices below RMB280,000/t (USD40,735/t) one week ago. "I concluded my latest sale in late February, when I sold 21t at around RMB375,000/t (USD54,555/t)," said the producer, who failed to receive any inquiries over the past week. He has difficulty in concluding deals and forecasted that the Chinese industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max mainstream prices still have room to decline in the coming week.
The producer, with an annual production capacity of 1,200t of industrial grade lithium carbonate 99%min Na 0.15%max, K 0.2%max, produced about 60t so far in 2023, compared with approximately 260t in 2022. He estimates to produce around 45t this month, compared with about 30t last month. He holds an inventory of around 45t at present, up by 40t MoM.
