Chinese lithium carbonate prices down
2024-04-17 08:32:15 [Print]
BEIJING (Asian Metal) 17 Apr 24 - As traders hold sufficient stocks and decrease their prices, the mainstream prices of Chinese lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max hover at RMB109,000-112,000/t (USD15,346-15,768/t) delivered D/A 180 days, down by about RMB1,000/t (USD141/t) from those of yesterday. Consumers buy actively to restock today. Given the active buying activities, insiders anticipate that the mainstream prices of Chinese battery grade lithium carbonate would edge up this week.
A trader in Zhejiang offers RMB110,000/t (USD15,486/t) delivered D/P and could consider the price as low as RMB109,000/t (USD15,346/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max today, while they quoted RMB111,000/t (USD15,627/t) delivered D/P and refused prices lower than RMB110,500/t (USD15,557/t) yesterday. They sell 60t at RMB110,000/t (USD15,486/t) delivered D/P this morning and closed no deal yesterday. The trader discloses that consumers buy actively driven by good demand this week. Given the active buying activities of consumers, they plan to restock and anticipate that the prevailing prices of Chinese battery grade lithium carbonate would go up this week.
With a regular monthly trading volume of about 2,000t, they estimate to sell about 2,000t this month, down by about 300t MoM. They hold around 700t of stocks at the moment.
"We would like to sell at RMB109,000/t (USD15,346/t) delivered D/P and could consider a concession of RMB500/t (USD70.4/t) at most for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max today, while we offered RMB112,000/t (USD15,768/t) delivered D/P and refused prices lower than RMB111,000/t (USD15,627/t) yesterday", noted another trader in Shanghai, who sells 90t at RMB108,500/t (USD15,275/t) this morning and 30t at RMB112,000/t (USD15,768/t) yesterday. The trader states that they get many inquiries today under the lower prices. But considering the high prices of raw material, they expect that the mainstream prices of Chinese battery grade lithium carbonate would hover at the current level this week.
Based on a typical monthly trading volume of around 2,000t, they predict to sell about 2,000t this month, the same as last month. They hold stocks of around 1,800t for the time being.
A trader in Zhejiang offers RMB110,000/t (USD15,486/t) delivered D/P and could consider the price as low as RMB109,000/t (USD15,346/t) for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max today, while they quoted RMB111,000/t (USD15,627/t) delivered D/P and refused prices lower than RMB110,500/t (USD15,557/t) yesterday. They sell 60t at RMB110,000/t (USD15,486/t) delivered D/P this morning and closed no deal yesterday. The trader discloses that consumers buy actively driven by good demand this week. Given the active buying activities of consumers, they plan to restock and anticipate that the prevailing prices of Chinese battery grade lithium carbonate would go up this week.
With a regular monthly trading volume of about 2,000t, they estimate to sell about 2,000t this month, down by about 300t MoM. They hold around 700t of stocks at the moment.
"We would like to sell at RMB109,000/t (USD15,346/t) delivered D/P and could consider a concession of RMB500/t (USD70.4/t) at most for lithium carbonate 99.5%min, Na 0.025%max, K 0.001%max today, while we offered RMB112,000/t (USD15,768/t) delivered D/P and refused prices lower than RMB111,000/t (USD15,627/t) yesterday", noted another trader in Shanghai, who sells 90t at RMB108,500/t (USD15,275/t) this morning and 30t at RMB112,000/t (USD15,768/t) yesterday. The trader states that they get many inquiries today under the lower prices. But considering the high prices of raw material, they expect that the mainstream prices of Chinese battery grade lithium carbonate would hover at the current level this week.
Based on a typical monthly trading volume of around 2,000t, they predict to sell about 2,000t this month, the same as last month. They hold stocks of around 1,800t for the time being.
