- China’s battery-grade lithium carbonate
prices fell again after a week of stabilization.
- China’s lithium hydroxide market declined
due to quiet buying.
- Asian battery-grade lithium prices range bound on thin
China’s domestic battery-grade lithium
carbonate spot prices fell below 40,000 yuan ($5,644) per tonne
on the low end after a week of stabilization seven days
Continuously weak demand from downstream cathode makers
brought increasing pressure into the lithium market, which
pushed more producers to lower their prices to boost sales,
Fastmarkets’ weekly price assessment for
lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price
range exw domestic China was 39,000-42,000 yuan per tonne
on Thursday June 18, down from 40,000-43,000 yuan per tonne the
"Prices below 40,000 yuan per tonne for battery-grade
carbonate are increasing this week, even for material produced
from spodumene. The downstream sector has shown no improvement
and buying activity remains slow," a producer told
"The lithium carbonate market continued its downtrend this
week while more producers lowered prices to attract deals in a
sluggish market. We plan to buy small volumes before the end of
this month," a buyer told Fastmarkets.
China’s battery-grade lithium hydroxide market
weakened, following no recovery from the high-nickel ternary
sector and lower prices pervading the spot market, sources
Fastmarkets’ lithium hydroxide monohydrate, 56.5%
LiOH.H2O min, battery grade, spot price range exw domestic
China was at 46,000-52,000 yuan per tonne on Thursday June
18, down from 47,000-53,000 yuan per tonne the previous
"China’s battery-grade lithium hydroxide prices
edged down on a lack of buying and producers who are eager to
sell are just giving lower prices," a second buyer said.
Asian seaborne lithium market slow
The cif China, Japan and Korea battery-grade lithium spot
market remained stagnant this week, with trading rarely
reported and prices range bound, despite some lower offering
prices heard, sources said.
Fastmarkets assessed the lithium carbonate, 99.5% Li2CO3
min, battery grade, spot price at $6.50-8.50 per kg on a cif
China, Japan and Korea basis on June 18, unchanged from a week
Europe, US markets remain in wait-and-see
The price for spot lithium compounds in Europe and the US
were unchanged in the seven days to June 19 on slack demand
amid the uncertainty surrounding the short-term outlook.
One buyer source believes lithium carbonate prices will
stabilize, while a second source active in the upstream supply
chain said negotiations for lithium carbonate technical-grade
were at around $7 per kg.
Additionally, market participants are aware that prices will
recover somewhat in the near-term, Fastmarkets heard.
Fastmarkets' lithium carbonate 99% Li2CO3 min, technical and
industrial grades, spot price ddp Europe and US was at $6-8
per kg on Thursday June 19, unchanged for three consecutive
falling by 3.4% from May 28.
seaborne battery-grade lithium hydroxide monohydrate, 56.5%
LiOH.H2O min, battery grade, spot price was assessed at
$9-10.50 per kg on a cif China, Japan and Korea basis on
Thursday, unchanged week on week.
"We haven’t seen more fluctuation in Asian
seaborne prices because spot activity is pretty low this week.
Buyers seem to be holding back. We received several inquiries
from our customers, but they don’t really want to
buy," a distributor said.
"Some cathode makers in Asia are also suffering due to a
lack of orders from battery makers, which led to less lithium
supply. I think it's a somewhat of an impact after the Covid-19
virus shock," a second producer said.
Learn more about Fastmarkets’
lithium pricing methodology here and read the
latest lithium price spotlight here.
Fastmarkets’ trade log for battery-grade lithium
carbonate in China for June includes all trades, bids and
offers reported to Fastmarkets.
All lithium carbonate, hydroxide and spodumene prices are
available in our
Battery Raw Materials Market Tracker. Get a sample
of the report here.