By Carrie Shi and Cristina Belda
- Chinese spot lithium carbonate and hydroxide
prices were rolled over on Thursday for the Lunar New Year
holiday in line with Fastmarkets’ pricing
- Rest of the world market stable week on
- European and US market participants are taking a
watchful approach on the potential effect of the coronavirus
on supply and demand.
The domestic China and Asia seaborne lithium
compound prices were rolled over on Thursday January 30 due to
the Chinese New Year holiday, in line with
The national holiday was originally due to run from
January 24 to January 30 but was extended to February 2 by the
central government in response to the Wuhan coronavirus, which
was first detected in the Chinese province of
Elsewhere, Fastmarkets’ lithium
carbonate 99.5% Li2CO3 min, battery grade, spot price ddp
Europe and US was stable week on week in a healthy trading
environment at $10-11.50 per kg on Thursday.
The lithium hydroxide monohydrate 56.5% LiOH.H2O
min, battery grade, spot price ddp Europe and US also remained
steady on last week at $11.50-12.50 per kg on
During the week, market chatter was focused on the
Wuhan virus, but prices were not affected. Market participants
said is too soon to estimate the impact of the coronavirus
outbreak in the European batteries market and they are taking a
"It is still too early to determine what impact
potential logistics restrictions might have; for the moment we
continue with business as usual since we have enough material
on the ground and firm demand," a European trader
The market was stable, as in previous weeks, and
some sources said it was near to a bottom.
"We have a very steady and pleasant January, better
than expected because no one is trying to push prices down as
before," the above trader added.
"If you purely look at production costs… we
have already reached the bottom already [in terms of prices],"
a producer said.
But he also added that even though the market is
stable now, some smaller producers could still lower their
numbers in the following weeks to liquidate
"Some sellers are willing to go below costs... Not
traditional ones but smaller producers - they are starting to
provide unreasonable pricing," he added.
trade log for battery-grade lithium carbonate in China for
January includes all trades, bids and offers reported to
All lithium carbonate, hydroxide and spodumene
prices are available in our Battery Raw
Materials Market Tracker.