GLOBAL LITHIUM WRAP: China’s battery-grade carbonate prices narrow downward

Spot prices for battery-grade lithium carbonate in China narrowed downward this week while those for lithium hydroxide gained some stability.

Battery-grade lithium carbonate prices narrowed downward. Battery-grade lithium hydroxide prices stabilized amid persistently weak domestic demand in China. The cif China, Japan & Korea prices remain flat. European and United States spot prices unchanged Nearly all transactions for battery-grade lithium carbonate were concluded below 60,000 yuan ($8,519) per tonne this week. Downstream buyers were reluctant to accept higher prices, which kept buying activity thin in the spot market. Fastmarkets’ weekly assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 56,000-59,000 yuan per tonne on Thursday October 31, down 1,000 yuan per tonne off the top end of the preceding week’s 56,000-60,000 yuan per tonne. “Some big producers insisted on 58,000-59,000 yuan...

Published

Carrie Shi

November 01, 2019

11:22 GMT

Beijing