Chinese LFP prices move down
2023-04-26 08:30:21 [Print]
BEIJING (Asian Metal) 26 Apr 23 - As consumers played dominant roles and lowered target prices, Chinese LFP suppliers lowered prices over the past two weeks. Consequently, the Chinese LFP mainstream prices declined to RMB78,000-80,000/t (USD11,268-11,557/t) delivered D/A 180 days at the moment, down by around RMB2,000/t (USD289/t) from half a month ago
A producer in North China noted that he quotes around RMB79,000/t (USD11,412/t) delivered D/A 180 days for LFP and consdiers selling at about RMB78,000/t (USD11,268/t) at present, while he didn't consider selling at around RMB80,000/t (USD11,557/t) half a month ago. They concluded their latest sale two days ago, when they sold 30t at about RMB78,000/t (USD11,268/t) . "I couldn't buy lithium carbonate 99.5%min at prices below RMB175,000/t (USD25,280/t) delivered D/A 180 days now, without much change from yesterday," said the producer, who forecasted that the Chinese LFP mainstream prices would show stable trend in the coming week due to the stabilization of Chinese lithium carbonate 99 . 5%min prices.
The producer, with an annual production capacity of 48,000t of LFP, estimates an output of around 3,500t in April, without much change MoM. He produced approximately 24,000t and 10,000t respectively in 2022 and so far in 2023 . He holds an inventory of around 2,000t now, the same as late March.
A producer in South China noted that they quote about RMB78,000/t (USD11,268/t) delivered D/A 180 days for LFP and refuse to mark down prices, while they refused to sell at prices below RMB82,000/t (USD11,846/t) two weeks ago. They last sold 30t at around RMB78,000/t (USD11,268/t) early this week . "Our regular lithium carbonate 99.5%min suppliers lifted quotation by about RMB10,000/t (USD1,445/t) to around RMB190,000/t (USD27,448/t) over the past three days, so we plan to hold LFP prices firm in the coming days," said the producer, who foresaw steady prices in the Chinese LFP market in the upcoming week.
With an annual production capacity of 15,000t of LFP, the producer produced about 1,800t so far this year, compared with approximately 12,000t last year. He expects to produce around 1,000t this month, an increase of around 500t MoM . They hold about 600t of stocks now, a decrease of around 200t MoM.
. As lithium carbonate 99 . 5%min mainstream prices turn to steady, insiders forecasted that the Chinese LFP mainstream prices would level off in the upcoming week.
A producer in North China noted that he quotes around RMB79,000/t (USD11,412/t) delivered D/A 180 days for LFP and consdiers selling at about RMB78,000/t (USD11,268/t) at present, while he didn't consider selling at around RMB80,000/t (USD11,557/t) half a month ago. They concluded their latest sale two days ago, when they sold 30t at about RMB78,000/t (USD11,268/t) . "I couldn't buy lithium carbonate 99.5%min at prices below RMB175,000/t (USD25,280/t) delivered D/A 180 days now, without much change from yesterday," said the producer, who forecasted that the Chinese LFP mainstream prices would show stable trend in the coming week due to the stabilization of Chinese lithium carbonate 99 . 5%min prices.
The producer, with an annual production capacity of 48,000t of LFP, estimates an output of around 3,500t in April, without much change MoM. He produced approximately 24,000t and 10,000t respectively in 2022 and so far in 2023 . He holds an inventory of around 2,000t now, the same as late March.
A producer in South China noted that they quote about RMB78,000/t (USD11,268/t) delivered D/A 180 days for LFP and refuse to mark down prices, while they refused to sell at prices below RMB82,000/t (USD11,846/t) two weeks ago. They last sold 30t at around RMB78,000/t (USD11,268/t) early this week . "Our regular lithium carbonate 99.5%min suppliers lifted quotation by about RMB10,000/t (USD1,445/t) to around RMB190,000/t (USD27,448/t) over the past three days, so we plan to hold LFP prices firm in the coming days," said the producer, who foresaw steady prices in the Chinese LFP market in the upcoming week.
With an annual production capacity of 15,000t of LFP, the producer produced about 1,800t so far this year, compared with approximately 12,000t last year. He expects to produce around 1,000t this month, an increase of around 500t MoM . They hold about 600t of stocks now, a decrease of around 200t MoM.