Chinese lithium carbonate market sees rising orders
2024-04-11 07:59:37 [Print]
BEIJING (Asian Metal) 11 Apr 24 - Supported by good demand of cathode material market, Chinese industrial grade lithium carbonate market sees rising orders this month. Today, the mainstream prices of Chinese lithium carbonate 99.2%min, Na 0.15%max, K 0.2%max hover at RMB109,000-112,000/t (USD15,074-15,489/t) delivered D/P, up by about RMB1,000/t (USD138/t) from early this week. Consumers buy actively due to good demand, while spot market sees tight supply. Given that consumers have difficulties in accepting higher prices, insiders predict that the mainstream prices of Chinese lithium carbonate would hover at the current level late this week.
"We estimate to sell about 1,500t this month, up by about 500t from last month", said a trader in Zhejiang, adding that demand of consumers remains very strong and consumers inquire actively today for stock replenishment. The trader offers RMB114,000/t (USD15,766/t) delivered D/P and could consider the price as low as RMB112,000/t (USD15,489/t) at most today. They fail to close any deal today as consumers still want to buy at prices lower than RMB110,000/t (USD15,213/t). The trader got an offer of lithium carbonate 99.2%min at RMB110,000/t (USD15,213/t) delivered D/P without any concession early this week and bought 100t at this price then. Given the good demand, they anticipate that the prevailing prices of Chinese industrial grade lithium carbonate would go up slightly late this week.
With a regular monthly trading volume of about 1,000t, they estimate to sell about 1,500t this month, up by about 500t MoM. They hold about 300t for the time being.
"We expect to sell around 3,000t in April, up by about 500t MoM", stated another trader in Fujian, who quotes RMB114,000/t (USD15,766/t) delivered D/P without any concession for lithium carbonate 99.5%min Na 0.04%max, magnet 0.03%max today, while they quoted RMB112,000/t (USD15,489/t) delivered D/P and refused any lower prices early this week. They sold 30t at RMB114,000/t (USD15,766/t) today and 60t at RMB112,000/t (USD15,489/t) this Monday. The trader discloses that they sold around 700t after holiday supported by good demand of LFP producers. Considering the active buying activities, the trader anticipates that the prevailing prices of Chinese industrial grade lithium carbonate would move up late this week.
Based on a regular monthly trading volume of around 2,000t, they aim to sell about 3,000t this month, up by about 500t MoM. They hold approximately 300t at present.
"We estimate to sell about 1,500t this month, up by about 500t from last month", said a trader in Zhejiang, adding that demand of consumers remains very strong and consumers inquire actively today for stock replenishment. The trader offers RMB114,000/t (USD15,766/t) delivered D/P and could consider the price as low as RMB112,000/t (USD15,489/t) at most today. They fail to close any deal today as consumers still want to buy at prices lower than RMB110,000/t (USD15,213/t). The trader got an offer of lithium carbonate 99.2%min at RMB110,000/t (USD15,213/t) delivered D/P without any concession early this week and bought 100t at this price then. Given the good demand, they anticipate that the prevailing prices of Chinese industrial grade lithium carbonate would go up slightly late this week.
With a regular monthly trading volume of about 1,000t, they estimate to sell about 1,500t this month, up by about 500t MoM. They hold about 300t for the time being.
"We expect to sell around 3,000t in April, up by about 500t MoM", stated another trader in Fujian, who quotes RMB114,000/t (USD15,766/t) delivered D/P without any concession for lithium carbonate 99.5%min Na 0.04%max, magnet 0.03%max today, while they quoted RMB112,000/t (USD15,489/t) delivered D/P and refused any lower prices early this week. They sold 30t at RMB114,000/t (USD15,766/t) today and 60t at RMB112,000/t (USD15,489/t) this Monday. The trader discloses that they sold around 700t after holiday supported by good demand of LFP producers. Considering the active buying activities, the trader anticipates that the prevailing prices of Chinese industrial grade lithium carbonate would move up late this week.
Based on a regular monthly trading volume of around 2,000t, they aim to sell about 3,000t this month, up by about 500t MoM. They hold approximately 300t at present.
