Chinese industrial grade lithium carbonate prices move down
2023-04-05 08:54:04 [Print]
BEIJING (Asian Metal) 5 Apr 23 - The Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max market remained inactive over the past week as consumers purchased inactively and lowered target prices continuously. The current mainstream prices of Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max slid to RMB190,000-198,000/t (USD27,613-28,776/t) delivered D/P, down by around RMB22,000/t (USD3,197/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 go down further in the coming week.
A trader in South China noted that he quotes around RMB198,000/t (USD28,776/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max and refuses to mark down prices now, while he refused to sell at prices below RMB220,000/t (USD31,973/t) one week ago. "I last sold 20t at around RMB198,000/t (USD28,776/t) yesterday," said the trader. In view of buyers' decreasing target prices, insiders forecasted that the Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max mainstream prices would slide further in the forthcoming week.
With a typical monthly trading volume of 160t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max, the trader expects a sales volume of only around 30t this month, down by 30t MoM. He sold approximately 2,000t and 260t in 2022 and so far in 2023, He doesn't have stock at present, unchanged MoM.
Another trader in South China disclosed that he quotes around RMB195,000/t (USD28,340/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max and considers selling at around RMB190,000/t (USD27,613/t) at the moment, while he had no intention to sell at prices below RMB215,000/t (USD31,246/t) one week ago. He concluded his latest sale late last week, when he sold 30t at around RMB200,000/t (USD29,066/t). "My clients delay purchasing and lower target prices continuously, so I have difficulty in selling industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max," said the trader, who predicted that the Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max mainstream prices would go down by about RMB10,000/t (USD1,453/t) in the coming week.
The trader, with a typical monthly trading volume of 600t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max, sold about 1,030t so far this year, compared with approximately 7,000t last year. He estimates a sales volume of only about 30t in March, down by 60t MoM. He holds no stock now, the same as one month ago.
A trader in South China noted that he quotes around RMB198,000/t (USD28,776/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max and refuses to mark down prices now, while he refused to sell at prices below RMB220,000/t (USD31,973/t) one week ago. "I last sold 20t at around RMB198,000/t (USD28,776/t) yesterday," said the trader. In view of buyers' decreasing target prices, insiders forecasted that the Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max mainstream prices would slide further in the forthcoming week.
With a typical monthly trading volume of 160t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max, the trader expects a sales volume of only around 30t this month, down by 30t MoM. He sold approximately 2,000t and 260t in 2022 and so far in 2023, He doesn't have stock at present, unchanged MoM.
Another trader in South China disclosed that he quotes around RMB195,000/t (USD28,340/t) delivered D/P for industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max and considers selling at around RMB190,000/t (USD27,613/t) at the moment, while he had no intention to sell at prices below RMB215,000/t (USD31,246/t) one week ago. He concluded his latest sale late last week, when he sold 30t at around RMB200,000/t (USD29,066/t). "My clients delay purchasing and lower target prices continuously, so I have difficulty in selling industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max," said the trader, who predicted that the Chinese industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max mainstream prices would go down by about RMB10,000/t (USD1,453/t) in the coming week.
The trader, with a typical monthly trading volume of 600t of industrial grade lithium carbonate 99%min, Na 0.15%max, K 0.2%max, sold about 1,030t so far this year, compared with approximately 7,000t last year. He estimates a sales volume of only about 30t in March, down by 60t MoM. He holds no stock now, the same as one month ago.
