China's lithium carbonate imports up 1.12% MoM in July
The average import price was US$33,559.14/t, a MoM increase of 31.77%.
Among them, Chile continued to be China's largest supplier in July, with 11,529.172 tonnes imports and US$34,775.27/t average import price.
China's lithium carbonate exports in July 2023 were 707.722 tonnes, a MoM decrease of 18.04%, and the average export price was US$51,380.1/t, a MoM increase of 19.55%. From January to July, China's lithium carbonate exports totaled 7,058.793 tonnes.
In terms of final destinations, China's lithium carbonate was mainly exported to 17 countries and regions including Germany, Japan, and Russia in July. Among them, 227.817 tonnes were exported to Germany, 184.814 tonnes to Japan, and 164 tonnes to Russia.
Looking ahead, it is expected that the lithium carbonate market would be stagnant with choppy prices in the short term.
Specifically, the prices of spodumene concentrate and lepidolite are likely to drop slightly in the near term, which would hike the cost.
On the supply side, the current mainstream lithium salt manufactures basically maintain normal production levels, causing the supply to rise.
On the demand side, transactions were only to meet the rigid demand amid cautious market sentiment although the market inquiries picked up.
In addition, a salt lake company recently purchased 600 tonnes of lithium carbonate through auction, and the transaction prices were Yuan 204,000-208,000/t, lower than market expectations, which beat the price hike expectations of some manufactures.
source: Mysteel
Written by Alex Xie, xiehan@mysteel.com
Edited by Aggie Hu, huchenying@mysteel.com
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