Chinese lithium carbonate prices steady
2024-03-28 08:26:27 [Print]
BEIJING (Asian Metal) 28 Mar 24 - As suppliers hold their prices unchanged, today's mainstream prices of Chinese lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max stand at RMB106,000-109,000/t (USD14,670-15,085/t) delivered D/A 180 days, without much change from yesterday. Big LFP producers still buy actively supported by good demand from battery market. Given the good demand but the possibility of Jiangxi producers to resume production soon, insiders predict that the prevailing prices of Chinese battery grade lithium carbonate would hover at the current level later this week.
"We offer RMB107,000/t (USD14,809/t) delivered D/P and could consider a concession of about RMB1,000/t (USD138/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max this morning, without much change from yesterday", said a trader in Zhejiang, who closed no deal today and sold 150t at RMB106,000/t (USD14,670/t) delivered D/P yesterday afternoon. The trader noted that LFP consumers buy actively to restock for April. But given the sufficient stocks of traders, they predict that the prevailing prices of Chinese battery grade lithium carbonate would stand at the present level late this week.
With a typical monthly trading volume of about 1,500t, they expect to sell about 2,300t this month, up by about 1,600t MoM. They hold about 100t for the time being.
"We quoted RMB106,500/t (USD14,739/t) delivered D/P and refused prices lower than RMB106,000/t (USD14,670/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max from yesterday", stated a trader in Shanghai, adding that they received no inquiry this morning, while they last sold 90t at RMB106,500/t (USD14,739/t) delivered D/P yesterday. The trader mentioned that the demand from cathode material industry remains not bad recently. But given that producers of Jiangxi may resume production soon, they anticipate that the prevailing prices of Chinese battery grade lithium carbonate would keep stable late this week.
Based on a regular monthly trading volume of about 2,000t, they foresee to produce about 2,000t in March, up by about 1,300t MoM. They hold around 200t of stocks for the time being.
"We offer RMB107,000/t (USD14,809/t) delivered D/P and could consider a concession of about RMB1,000/t (USD138/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max this morning, without much change from yesterday", said a trader in Zhejiang, who closed no deal today and sold 150t at RMB106,000/t (USD14,670/t) delivered D/P yesterday afternoon. The trader noted that LFP consumers buy actively to restock for April. But given the sufficient stocks of traders, they predict that the prevailing prices of Chinese battery grade lithium carbonate would stand at the present level late this week.
With a typical monthly trading volume of about 1,500t, they expect to sell about 2,300t this month, up by about 1,600t MoM. They hold about 100t for the time being.
"We quoted RMB106,500/t (USD14,739/t) delivered D/P and refused prices lower than RMB106,000/t (USD14,670/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max from yesterday", stated a trader in Shanghai, adding that they received no inquiry this morning, while they last sold 90t at RMB106,500/t (USD14,739/t) delivered D/P yesterday. The trader mentioned that the demand from cathode material industry remains not bad recently. But given that producers of Jiangxi may resume production soon, they anticipate that the prevailing prices of Chinese battery grade lithium carbonate would keep stable late this week.
Based on a regular monthly trading volume of about 2,000t, they foresee to produce about 2,000t in March, up by about 1,300t MoM. They hold around 200t of stocks for the time being.
