GLOBAL LITHIUM WRAP: Slow demand continues to weigh on China lithium prices
Published: Friday, 14 June 2019
China’s domestic lithium market remained weak over the week ended June 14, with lithium hydroxide prices drifting lower while the lithium carbonate market remained flat.
Downstream buyers were cautious of buying more material and
were waiting for a clearer price direction, while the lithium
hydroxide market moved down due to poor demand and after some
producers lowered prices to boost sales.
The battery-grade lithium carbonate price decreased this week
due to slow demand from downstream buyers. In anticipation of
further prices decrease in the rest of this year, sellers
dropped prices to boost material sales.
- Battery-grade lithium carbonate market remains flat with
some producers cutting prices.
- Lithium hydroxide prices move down further in China.
- Industrial-grade lithium carbonate material market
- Rest of the world’s prices stable.
Fastmarkets’ last assessed the Chinese domestic
spot battery-grade lithium carbonate price (min 99.5%
Li2CO3) at 70,000-77,000 yuan ($10,112-11,123) per tonne on
Thursday June 13 on an ex-works basis, down from 72,000-77,000
yuan per tonne the previous week.
"Lower prices have been heard in the last two months because
some producers are eager to boost sales in the flat market. We
haven’t started any new purchases this week and
hold a watchful attitude on the market," a downstream cathode
producer told Fastmarkets.
The industrial-grade lithium carbonate market slid down this
week, with suppliers starting to accept some lower concluded
prices, which were in the range of 63,000-67,000 yuan per
Battery-grade lithium hydroxide market remained uncertain, with
prices falling further this week and suppliers lowering prices
to boost sales.
Fastmarkets assessed the price for the
battery-grade lithium hydroxide monohydrate (min 56.5%
LiOH.H2O) spot market at 80,000-86,000 yuan per tonne on
June 13, down from 83,000-88,000 yuan per tonne on June
Seaborne Asian prices unchanged
The seaborne battery-grade lithium carbonate and hydroxide spot
market prices in Asia were unchanged week on week amid quiet
Fastmarkets’ assessment of the price for
battery-grade lithium carbonate (min 99.5% Li2CO3) was at
$11-12.50 per kg on Thursday, stable week on week.
Fastmarkets assessed the price of lithium
hydroxide (min 56.5% LiOH.H2O) at $14-15 per kg on a cif
China, Japan and Korea basis on Thursday, also stable with the
"The seaborne Asian market remains flat and prices have not
changed much this week. Battery-grade lithium carbonate prices
are being heard at $11-12 per kg and hydroxide prices are
around $14 per kg. Prices below this level are rarely heard
from my side at the moment," a distributor told Fastmarkets.
Flat European and US prices
Battery grade lithium carbonate and hydroxide prices in the
European and United States’ spot markets were
reported stable week on week on slow trading activity.
Fastmarkets’ assessed the battery-grade
lithium carbonate (min 99.5% Li2CO3) spot price, delivered duty
paid Europe and US, at $11-13 per kg on Thursday June 13,
flat with the previous market level.
Fastmarkets’ assessment of the lithium hydroxide
monohydrate (min 56.5% LiOH.H2O) spot prices was at $14-15
per kg, also on a delivered duty-paid basis in Europe and the
US and similarly unchanged week on week.
"We haven’t seen much activity this week and the
market remains slow, moving within the current Fastmarkets
price ranges," a lithium producer told Fastmarkets.
"Not much price movement is expected in the coming days because
consumers are showing little appetite to procure more
material," the producer added.
trade log for battery-grade lithium carbonate in China
for June includes all trades, bids and offers reported to
Learn more about Fastmarkets’
lithium pricing methodology here and read the
latest lithium price spotlight here.
All lithium carbonate, hydroxide and spodumene prices are
available in our Battery Raw Materials Market Tracker.
Get a sample of the report here.