Lithium carbonate price rises slightly
2013-02-21 08:47:01 [Print]
BEIJING (Asian Metal) 21 Feb 13 – According to sources, lithium carbonate price moves up slightly because of the rising cost at the present time. Mainstream price of battery grade lithium carbonate rises to about RMB42.5-44/kg (USD6.77-7.01/kg) and RMB40-42/kg (USD6.37-6.69/kg) for industrial grade, up by around RMB0.5/kg compared with that before the Spring Festival holiday.
A trader in Beijing, who imports materials from Chile and sells in domestic market, reported to Asian Metal that they have raised battery grade lithium carbonate offers to above RMB43/kg (USD6.85/kg) and RMB42/kg (USD6.69/kg) for industrial grade lithium carbonate in Chinese domestic market. “We lift quotations by about RMB0.5-1/kg (USD0.08-0.16/kg) compared with that before the Spring Festival holiday,” said the source. According to him, some downstream users have accepted the higher offers, while some are watching the market. He revealed that they have sold 100t of materials since they came back from the Spring Festival holiday.
“Producers would like to raise prices because the production cost is going up, but most consumers are reluctant to accept higher prices. I think there is little room for lithium carbonate price to rise,” analyzed the source whose trading volume is about 5,000tpy. In addition, he is optimistic about the future development of power battery.
A producer in Tibet shared with Asian Metal that they lift industrial grade lithium carbonate price to RMB40/kg (USD6.37/kg), up from RMB39.5/kg (USD6.29/kg) at the end of January and early February. According to him, some consumers enter the market to buy, while some users do not take action for the time being. “It needs time for some consumers to accept the rising price,” said the source.
A trader in Beijing, who imports materials from Chile and sells in domestic market, reported to Asian Metal that they have raised battery grade lithium carbonate offers to above RMB43/kg (USD6.85/kg) and RMB42/kg (USD6.69/kg) for industrial grade lithium carbonate in Chinese domestic market. “We lift quotations by about RMB0.5-1/kg (USD0.08-0.16/kg) compared with that before the Spring Festival holiday,” said the source. According to him, some downstream users have accepted the higher offers, while some are watching the market. He revealed that they have sold 100t of materials since they came back from the Spring Festival holiday.
“Producers would like to raise prices because the production cost is going up, but most consumers are reluctant to accept higher prices. I think there is little room for lithium carbonate price to rise,” analyzed the source whose trading volume is about 5,000tpy. In addition, he is optimistic about the future development of power battery.
A producer in Tibet shared with Asian Metal that they lift industrial grade lithium carbonate price to RMB40/kg (USD6.37/kg), up from RMB39.5/kg (USD6.29/kg) at the end of January and early February. According to him, some consumers enter the market to buy, while some users do not take action for the time being. “It needs time for some consumers to accept the rising price,” said the source.
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: %
