Chinese lithium carbonate prices stable
2024-04-08 08:33:31 [Print]
BEIJING (Asian Metal) 8 Apr 24 - As suppliers hold their prices stable, the mainstream prices of Chinese lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max hover at RMB108,000-111,000/t (USD14,923-15,338/t) delivered D/A 180 days, without much change from those before the holiday. Demand of consumers still remains not bad, and the market sees stable inquiries today. But given that consumers bargain heavily, insiders predict that the mainstream prices of Chinese battery grade lithium carbonate would not change much in the coming week.
"The market prices of lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max stand at RMB110,000-111,000/t (USD15,199-15,337/t) delivered D/P today, the same as those before the holiday", said trader in Sichuan, adding that they hold back from selling waiting for the price increase to RMB115,000/t (USD15,890/t) late this month. The trader last bought 10t at RMB106,000/t (USD14,647/t) delivered D/P last Friday. Given the enough stocks of cathode producers, they foresee that the mainstream prices of Chinese battery grade lithium carbonate would remain steady next week.
With a regular monthly trading volume of about 10t, they estimate to sell about 10t this month, while they had no sales last month. They hold around 10t in the inventory for the time being.
"We offer RMB110,000/t (USD15,337/t) delivered D/P for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max and could consider the price as low as RMB109,000/t (USD15,061/t) today, in line with the prices before the three-day holiday", stated another trader in Sichuan, who closes no deal today and last sold 60t at RMB110,000/t (USD15,337/t) before the holiday. The trader discloses that demand of LFP market remains very good and their consumers could easily accept the price of RMB110,000/t (USD15,337/t) today. Considering the good demand, they forecast that the prevailing prices of Chinese battery grade lithium carbonate would move up in the coming week.
With a typical monthly trading volume of around 500t, they estimate to sell about 1,000t in April, up by about 500t MoM. They hold around 100t of stocks at the moment.
"The market prices of lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max stand at RMB110,000-111,000/t (USD15,199-15,337/t) delivered D/P today, the same as those before the holiday", said trader in Sichuan, adding that they hold back from selling waiting for the price increase to RMB115,000/t (USD15,890/t) late this month. The trader last bought 10t at RMB106,000/t (USD14,647/t) delivered D/P last Friday. Given the enough stocks of cathode producers, they foresee that the mainstream prices of Chinese battery grade lithium carbonate would remain steady next week.
With a regular monthly trading volume of about 10t, they estimate to sell about 10t this month, while they had no sales last month. They hold around 10t in the inventory for the time being.
"We offer RMB110,000/t (USD15,337/t) delivered D/P for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max and could consider the price as low as RMB109,000/t (USD15,061/t) today, in line with the prices before the three-day holiday", stated another trader in Sichuan, who closes no deal today and last sold 60t at RMB110,000/t (USD15,337/t) before the holiday. The trader discloses that demand of LFP market remains very good and their consumers could easily accept the price of RMB110,000/t (USD15,337/t) today. Considering the good demand, they forecast that the prevailing prices of Chinese battery grade lithium carbonate would move up in the coming week.
With a typical monthly trading volume of around 500t, they estimate to sell about 1,000t in April, up by about 500t MoM. They hold around 100t of stocks at the moment.
