Chinese battery grade lithium carbonate sellers bearish about price trends
2023-03-23 08:24:55 [Print]
BEIJING (Asian Metal) 23 Mar 23 - Dragged by consumers' wait-and-see attitudes, the Chinese battery grade lithium carbonate 99
A producer in North China forecasted that the mainstream prices of Chinese battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max would go down further in the upcoming week due to consumers' wait-and-see attitudes and decreasing target prices. He lowers quotation to around RMB290,000/t (USD42,131/t) delivered D/A 180 days and has intention to sell at about RMB280,000/t (USD40,678/t) now, while he refused to sell at prices below RMB290,000/t (USD42,131/t) early this week. He last sold 60t at around RMB290,000/t (USD42,131/t) early this week . "I have difficulty in gaining orders among furious competition now," said the producer, who lacks confidence towards the demand outlook in the coming week.
With an annual production capacity of 10,000t of battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max, the producer expects to produce around 1,000t this month, unchanged MoM . He produced approximately 5,000t and 2,500t last year and so far this year . He holds an inventory of around 1,000t at the moment, up by 400t MoM.
A trader in South China forecasted that the mainstream prices of Chinese battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0.001%max would decline by around RMB30,000/t (USD4,358/t) in the coming week due to poor demand and wait-and-see attitudes of consumers. He quotes around RMB280,000/t (USD40,678/t) delivered D/A 180 days and considers selling at about RMB270,000/t (USD39,226/t) and RMB255,000/t (USD37,046/t) for orders no less than 30t and 100t respectively, while he refused to sell at prices below RMB290,000/t (USD42,131/t) for orders no less than 30 one week ago. "I concluded my latest sale two days ago, when I sold 100t at around RMB255,000/t (USD37,046/t)," said the trader, who failed to receive any inquiries after his lates sale.
The trader, with a typical monthly trading volume of 700t of battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max, sold about 1,000t so far in 2023, compared with approximately 8,000t in 2022 . He estimates to sell around 300t in March, down by 100t MoM . He doesn't hold stock at the moment, unchanged MoM.
. 5%min Na 0 . 025%max, K 0 . 001%max market witnessed limited buying activities over the past three days . As a consequence, the current mainstream prices of Chinese battery grade lithium carbonate 99 . 5%min Na 0 . 025%max, K 0.001%max slid to RMB270,000-280,000/t (USD39,226-40,678/t) delivered D/A 180 days, down by around RMB10,000/t (USD1,453/t) from three days ago . Insiders forecasted that the mainstream prices of Chinese battery grade lithium carbonate 99 . 5%min Na 0 . 025%max, K 0 . 001%max would move down further in the upcoming week due to weak demand from buyers.
A producer in North China forecasted that the mainstream prices of Chinese battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max would go down further in the upcoming week due to consumers' wait-and-see attitudes and decreasing target prices. He lowers quotation to around RMB290,000/t (USD42,131/t) delivered D/A 180 days and has intention to sell at about RMB280,000/t (USD40,678/t) now, while he refused to sell at prices below RMB290,000/t (USD42,131/t) early this week. He last sold 60t at around RMB290,000/t (USD42,131/t) early this week . "I have difficulty in gaining orders among furious competition now," said the producer, who lacks confidence towards the demand outlook in the coming week.
With an annual production capacity of 10,000t of battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max, the producer expects to produce around 1,000t this month, unchanged MoM . He produced approximately 5,000t and 2,500t last year and so far this year . He holds an inventory of around 1,000t at the moment, up by 400t MoM.
A trader in South China forecasted that the mainstream prices of Chinese battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0.001%max would decline by around RMB30,000/t (USD4,358/t) in the coming week due to poor demand and wait-and-see attitudes of consumers. He quotes around RMB280,000/t (USD40,678/t) delivered D/A 180 days and considers selling at about RMB270,000/t (USD39,226/t) and RMB255,000/t (USD37,046/t) for orders no less than 30t and 100t respectively, while he refused to sell at prices below RMB290,000/t (USD42,131/t) for orders no less than 30 one week ago. "I concluded my latest sale two days ago, when I sold 100t at around RMB255,000/t (USD37,046/t)," said the trader, who failed to receive any inquiries after his lates sale.
The trader, with a typical monthly trading volume of 700t of battery grade lithium carbonate 99.5%min Na 0 . 025%max, K 0 . 001%max, sold about 1,000t so far in 2023, compared with approximately 8,000t in 2022 . He estimates to sell around 300t in March, down by 100t MoM . He doesn't hold stock at the moment, unchanged MoM.