22 Years' Battery Customization

Prices of lithium carbonate in North Asia traded at $18,000 per ton

May 23, 2019   Pageview:893

In its first assessment of the battery-metal industry, S&P Energy on May 4 assessed 99.5-inch battery grade lithium carbonate in CIFNorth Asia(including major ports in Japan, South Korea, and China) at 18. $000/ton CIFNorth Asia(including major ports in Japan, Korea and China).

The price reflects the offer, and the price of the goods on the spot market is between 5 and 40 metric tons, with delivery dates ranging from 15 to 60 days from the date of issuance of the letter of credit Benchmark.

Electrification in the automotive sector continues to drive demand for battery metals, supporting a sharp rise in the price of lithium carbonate for shipping this year.

A producer in the Americas considered orders for more than 200,000 tons to have a tradable value of 18,000-20 ,000 US dollars per ton, and said that the reduced supply of lithium ore(DSO) from Australian producers has been driving the CIF market.

However, one trader in Eastern China said these high prices did not remain there. 鈥淭he mining companies are expanding and will release more lithium carbonate capacity in China in the second half of the year, 鈥?the trader said. "

Australian producers of lithium pyroxene and lithium carbonate report that CIF prices for China, Japan and South Korea are between $16,000 and $22,000 per ton. The minimum volume is a material with a capacity of 20 tons.

"Prices vary from customer to customer, and[ There are also differences in freight costs] The manufacturers say they set the average price for an order for 20 tons at $20,000 a ton.

Another Australian miner said the figures depend on relationships and negotiations between buyers and sellers.

Meanwhile, domestic prices are "falling because fundamentals are weakening", with a Chinese manufacturer of lithium ion batteries saying the domestic spot price is just over 150,000 yuan($20,000) per ton, according to DDP.

"Demand from battery makers is declining, and many of them are having a hard time surviving in China this year," he added, stressing that CIF prices were "usually lower than domestic prices".

Producers and consumers have mentioned that China's leading producers of lithium carbonate, such as tianqi and ganfeng, have increased their supply capacity, and government subsidies are driving prices down.

Many in the industry expect the price of lithium carbonate in 2018 to be a tumultuous year.

鈥淚t is possible that spot prices will rise or fall, but long-term interest rates will rise, 鈥?said a Canadian supplier. "

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