- China’s battery-grade lithium carbonate
offer prices flat with producer expectations of higher prices
in coming weeks.
- China’s lithium hydroxide market steady this
week amid limited fluctuation.
- Seaborne Asian market makes no significant rise while
prices are rangebound.
- Europe, US lithium technical-grade carbonate spot markets
China’s spot battery-grade lithium carbonate
market maintained its momentum in the first week of September
with most producers pushing for offer prices of around 40,000
yuan ($5,846.86) per tonne or above, while some separate deals
were reported at 39,000-40,000 yuan per tonne.
Concurrently, a few small deals with lower concluded prices
of 37,000-38,000 yuan per tonne for battery-grade carbonate
were heard in the spot market, sources said.
Fastmarkets’ weekly price assessment for
lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price
range exw domestic China was 37,000-41,000 yuan ($5,408-5,993)
per tonne on Thursday September 3, unchanged week on week and
stable since July 9.
"There were more offers reported at 40,000-41,000 yuan per
tonne for battery-grade lithium carbonate this week. We heard
some deals at 39,000-40,000 yuan per tonne, moving up from
38,000 yuan per tonne, with lower priced deals dwindling. But
we haven’t placed more spot orders yet," one buyer
"We’ve been told some key producers have tight
supply and current battery-grade lithium carbonate prices are
firm. Despite some downstream sectors showing signs of
recovery, the overall market hasn’t totally picked
up so I’m not sure prices will increase by a large
range," a second buyer revealed.
"The market is getting some positive sentiment from
downstream customers’ purchasing, especially on
quantity. Our existing customers are increasing their volumes
and we expect lithium prices to recover in the fourth quarter
of 2020," a producer told Fastmarkets.
The battery-grade lithium hydroxide market held its range
without any great changes this week while downstream demand
remained thin and no increased buying activity was
Fastmarkets’ lithium hydroxide monohydrate,
56.5% LiOH.H2O min, battery grade, spot price exw domestic
China was at 45,000-51,000 yuan per tonne on Thursday September
3, flat since July 9.
"Battery-grade lithium hydroxide prices didn’t
fluctuate this week and there weren’t participants
in the market. I haven’t placed orders for
hydroxide recently," a third buyer said.
Asian seaborne lithium market
The seaborne battery-grade lithium market cif China, Japan and
Korea was static this week, with most prices rangebound and no
significant changes reported.
Fastmarkets assessed the lithium carbonate, 99.5% Li2CO3
min, battery grade, spot price at $6.50-8 per kg on a cif
China, Japan and Korea basis on Thursday September 3, flat week
Fastmarkets assessed the seaborne battery-grade lithium
hydroxide monohydrate, 56.5% LiOH.H2O min, battery grade, spot
price at $8.80-10 per kg cif China, Japan and Korea, unmoved
from the week before.
"The bullish sentiment in China’s domestic
market is pushing prices higher, while the Asian seaborne
market is unchanged and maintaining a high level, in my
opinion," a fourth buyer said.
Europe, US lithium market quiet
The battery-grade lithium carbonate and hydroxide spot markets
in Europe and the US remained steady over the week while the
technical-grade lithium carbonate spot price fell amid ongoing
Fastmarkets assessed the
lithium carbonate 99% Li2CO3 min, technical and industrial
grades, spot price ddp Europe and US at $6-7.20 per kg on
Thursday September 3, down from $6-7.50 per kg where it had
remained since July 16.
One distributor active in Europe said that now the summer
season was ending activity would pick up after the market has
stayed relatively quiet in August - the peak summer holiday
period in Europe.
Meanwhile, battery-grade lithium carbonate spot prices have
kept flat in the past two weeks following a drop in mid-August
amid slack market conditions.
Fastmarkets assessed the lithium carbonate 99.5% Li2CO3 min,
battery grade, spot price ddp Europe and US at $7.50-9 per kg
on Thursday September 3, unchanged over the past two weeks yet
down from the $8-9-per-kg level it had previously held for six
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 September 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.