Chinese LFP prices up
2024-03-04 08:28:47 [Print]
BEIJING (Asian Metal) 2 Mar 24 - Under the rising prices of lithium carbonate, Chinese LFP suppliers increased their prices accordingly. Today, the mainstream prices of Chinese LFP hover at RMB40,000-43,000/t (USD5,556-5,973/t) delivered D/A 180 days, up by about RMB2,000/t (USD278/t) from early this week. Consumers restock actively for the consumption of March for fear of further rising prices. Given the current condition, insiders predict that the mainstream prices of Chinese LFP would move up further in the coming week.
A producer in Jiangxi offers RMB42,000/t (USD5,834/t) delivered D/A 180 days without any concession for LFP today, when they sold 100t at RMB42,000/t (USD5,834/t). "We offered RMB39,000/t (USD5,417/t) delivered D/A 180 days and could consider the price as low as RMB38,000/t (USD5,278/t) early this week. We sold 50t at RMB38,000/t (USD5,278/t) then", said the producer, adding that consumers restock actively this week worrying about price increase afterwards. Predicting that the prices of lithium carbonate would keep stable, they anticipate that the prevailing prices of Chinese LFP would remain flat in the upcoming week.
With an annual production capacity of 15,000t, they plan to produce about 1,000t in March, while they produced about 150t in February. They hold no stock now.
Another producer in Sichuan would like to sell at RMB40,000/t (USD5,556/t) delivered D/A 180 days and refuses any lower prices today, while they offered RMB39,000/t (USD5,417/t) delivered D/A 180 days and could accept the price as low as RMB38,000/t (USD5,278/t) early this week. "We closed no deal today and last sold 200t at RMB38,000/t (USD5,278/t) on Tuesday", noted the producer, stressing that they currently face a lack of clients as they are a new producer of LFP. Considering the price increase of lithium carbonate and the current peak season of LFP, the producer estimates that the prevailing prices of Chinese LFP would pick up next week.
The producer, based on an annual production capacity of 20,000t, plans to produce about 500t this month, while they had no output in February due to weak demand. They hold about 500t of stock now.
A producer in Jiangxi offers RMB42,000/t (USD5,834/t) delivered D/A 180 days without any concession for LFP today, when they sold 100t at RMB42,000/t (USD5,834/t). "We offered RMB39,000/t (USD5,417/t) delivered D/A 180 days and could consider the price as low as RMB38,000/t (USD5,278/t) early this week. We sold 50t at RMB38,000/t (USD5,278/t) then", said the producer, adding that consumers restock actively this week worrying about price increase afterwards. Predicting that the prices of lithium carbonate would keep stable, they anticipate that the prevailing prices of Chinese LFP would remain flat in the upcoming week.
With an annual production capacity of 15,000t, they plan to produce about 1,000t in March, while they produced about 150t in February. They hold no stock now.
Another producer in Sichuan would like to sell at RMB40,000/t (USD5,556/t) delivered D/A 180 days and refuses any lower prices today, while they offered RMB39,000/t (USD5,417/t) delivered D/A 180 days and could accept the price as low as RMB38,000/t (USD5,278/t) early this week. "We closed no deal today and last sold 200t at RMB38,000/t (USD5,278/t) on Tuesday", noted the producer, stressing that they currently face a lack of clients as they are a new producer of LFP. Considering the price increase of lithium carbonate and the current peak season of LFP, the producer estimates that the prevailing prices of Chinese LFP would pick up next week.
The producer, based on an annual production capacity of 20,000t, plans to produce about 500t this month, while they had no output in February due to weak demand. They hold about 500t of stock now.
