Chinese industrial grade lithium carbonate prices decline
2023-03-28 08:20:21 [Print]
BEIJING (Asian Metal) 28 Mar 23 - Dragged by weak demand from consumers, Chinese industrial grade lithium carbonate 99%min, Na 0
A producer in South China revealed that he lowers quotation for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max to around RMB215,000/t (USD31,239/t) delivered D/P and has intention to sell at around RMB210,000/t (USD/t) now, while he refused to sell at prices below RMB250,000/t (USD30,512/t) one week ago. "I last sold 15t at around RMB350,000/t (USD50,854/t) early this month," said the producer, who has to lower prices due to wait-and-see attitudes and dropping prices of consumers . He 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 further in the coming week.
With an annual production capacity of 10,000t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max, the producer expects no production in March, a decline of 600t MoM . He produced approximately 7,200t and 1,000t respectively in 2022 and so far in 2023 . He holds an inventory of around 600t at the moment, down by 15t MoM.
A trader in South China noted that his regular suppliers quote around RMB210,000/t (USD30,512/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max to him at present. Based on his experience, he could buy at around RMB200,000/t (USD29,059/t) now, but he has no intention to buy at prices higher than RMB180,000/t (USD26,153/t) at present as he thinks the prices would drop by around RMB20,000/t (USD2,906/t) in the coming week as a result of weak demand. He considered purchasing at around RMB240,000/t (USD34,871/t) one week ago. "I concluded my latest procurement in mid-March, when I bought 30t at around RMB270,000/t (USD39,230/t)," said the trader, who has no intention to purchase again in the coming week.
The trader, with a typical monthly trading volume of 400t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max, expects to purchase only around 30t this month due to poor demand from end users, down by 30t MoM . He produced about 150t so far this year, compared with approximately 4,800t last year . He has about 30t of stocks now, in line with one month ago.
. 15%max, K 0 . 2%max suppliers lowered prices over the past week . Consequently, the mainstream prices of Chinese industrial grade lithium carbonate 99%min, Na 0 . 15%max, K 0.2%max dropped to RMB205,000-215,000/t (USD29,786-31,239/t) delivered D/P, with a decrease of around RMB35,000/t (USD5,085/t) from one week ago . Insiders forecasted that the mainstream prices of Chinese industrial grade lithium carbonate 99%min, Na 0 . 15%max, K 0 . 2%max would decline further in the upcoming week as buyers purchase inactively.
A producer in South China revealed that he lowers quotation for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max to around RMB215,000/t (USD31,239/t) delivered D/P and has intention to sell at around RMB210,000/t (USD/t) now, while he refused to sell at prices below RMB250,000/t (USD30,512/t) one week ago. "I last sold 15t at around RMB350,000/t (USD50,854/t) early this month," said the producer, who has to lower prices due to wait-and-see attitudes and dropping prices of consumers . He 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 further in the coming week.
With an annual production capacity of 10,000t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max, the producer expects no production in March, a decline of 600t MoM . He produced approximately 7,200t and 1,000t respectively in 2022 and so far in 2023 . He holds an inventory of around 600t at the moment, down by 15t MoM.
A trader in South China noted that his regular suppliers quote around RMB210,000/t (USD30,512/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max to him at present. Based on his experience, he could buy at around RMB200,000/t (USD29,059/t) now, but he has no intention to buy at prices higher than RMB180,000/t (USD26,153/t) at present as he thinks the prices would drop by around RMB20,000/t (USD2,906/t) in the coming week as a result of weak demand. He considered purchasing at around RMB240,000/t (USD34,871/t) one week ago. "I concluded my latest procurement in mid-March, when I bought 30t at around RMB270,000/t (USD39,230/t)," said the trader, who has no intention to purchase again in the coming week.
The trader, with a typical monthly trading volume of 400t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0 . 2%max, expects to purchase only around 30t this month due to poor demand from end users, down by 30t MoM . He produced about 150t so far this year, compared with approximately 4,800t last year . He has about 30t of stocks now, in line with one month ago.