Industrial grade lithium carbonate price on the downward trend
2013-07-30 08:52:14 [Print]
BEIJING (Asian Metal) 30 Jul 13 - At the present time, industrial grade lithium carbonate supply is sufficient and some producers intend to lower prices to attract orders. It is predicted that lithium carbonate of industrial grade price is likely to drop from the current range of RMB36.5-37.5/kg (USD5.92-6.08/kg).
A producer in Qinghai, holding about 1,000t of industrial grade lithium carbonate on hand, reported to Asian Metal that they usually sell materials to battery grade lithium carbonate, ceramics industries etc. According to him, industrial grade lithium carbonate market is inactive because of sufficient supply. Therefore, they cannot sell many goods in the past several months.
The source, with a yearly production capacity of 5,000t of industrial grade lithium carbonate, is in a hurry to sell goods at the moment and he plans to accept lower price than the mainstream level of RMB36.5-37.5/kg (USD5.92-6.08/kg) in the near future.
With a monthly trading volume of about 10t, a trader in Jiangsu, disclosed that they usually buy materials from suppliers in Qinghai and Xizang. Three weeks ago, his suppliers offered industrial grade lithium carbonate RMB37-37.5/kg (USD6.00-6.08/kg), while the quotations are lowered to RMB36.5/kg (USD5.92/kg) at the present time.
According to him, he is watching the market, holding five to six tons of materials on hand, waiting for lower prices because of sufficient supply of industrial grade lithium carbonate in the coming few days. They would like to replenish 10t of materials at the price of RMB35.5-36/kg (USD5.75-5.83/kg) in cash in the near future.
A producer in Qinghai, holding about 1,000t of industrial grade lithium carbonate on hand, reported to Asian Metal that they usually sell materials to battery grade lithium carbonate, ceramics industries etc. According to him, industrial grade lithium carbonate market is inactive because of sufficient supply. Therefore, they cannot sell many goods in the past several months.
The source, with a yearly production capacity of 5,000t of industrial grade lithium carbonate, is in a hurry to sell goods at the moment and he plans to accept lower price than the mainstream level of RMB36.5-37.5/kg (USD5.92-6.08/kg) in the near future.
With a monthly trading volume of about 10t, a trader in Jiangsu, disclosed that they usually buy materials from suppliers in Qinghai and Xizang. Three weeks ago, his suppliers offered industrial grade lithium carbonate RMB37-37.5/kg (USD6.00-6.08/kg), while the quotations are lowered to RMB36.5/kg (USD5.92/kg) at the present time.
According to him, he is watching the market, holding five to six tons of materials on hand, waiting for lower prices because of sufficient supply of industrial grade lithium carbonate in the coming few days. They would like to replenish 10t of materials at the price of RMB35.5-36/kg (USD5.75-5.83/kg) in cash in the near future.
Lithium Carbonate 99.5%min CIF China
Unit:USD/kg
China lithium carbonate 99%min producers' inventory to production ratio statistics by province by month
Unit: %
