According to Mysteel statistics, as of this week (May 21), the total lithium ore spot inventory among 32 sampled lithium ore traders stood at 125,000 tonnes, a decrease of 38,000 tonnes from the previous week. Among this, the available inventory for sale was 77,000 tonnes, down 20,000 tonnes week-on-week. Although some overseas lithium ore shipments arrived this week, lithium salt companies showed strong willingness to take delivery, leading to a rapid transfer of inventory away from traders. However, some traders still held back supply, further tightening the spot market circulation.
According to Mysteel's port-channel survey, as of this week (May 20), lithium ore inventory at domestic ports totaled 193,000 tonnes, a decrease of 48,000 tonnes from the previous week. Among this, Zhenjiang Port held 121,000 tonnes, down 23,000 tonnes WoW. In addition, this week saw a high volume of lithium ore transactions, with most companies opting to take delivery at agreed prices, leading to a further decline in port lithium ore inventories.
Note: Other ports include Tieshan Port, Tianjin Port, Qingdao Port, Xiamen Port, Nanjing Port, and Nantong Port.
Edited by Cassie Li, lixiangying@mysteel.com
