According to Mysteel data, as of this week (May 28), the total lithium ore spot inventory among 32 sample lithium ore traders stood at 126,000 tonnes, up 1,000 tonnes from the previous week, of which the available inventory was 91,000 tonnes, up 14,000 tonnes week-on-week. Overseas lithium ore arrivals increased this week, traders showed greater willingness to sell, while lithium salt companies reduced their offtake, with most choosing to digest existing inventories and observe the market. Lithium ore spot inventories increased slightly.
Source: Mysteel
According to Mysteel's port survey, as of this week (May 27), the lithium ore inventory at domestic ports stood at 202,000 tonnes, up 9,000 tonnes from the previous week, of which Zhenjiang port inventory was 131,000 tonnes, up 10,000 tonnes week-on-week. Lithium ore trading volumes decreased this week, with some ports seeing concentrated arrivals. Although lithium salt plants continued to take delivery, overall lithium ore inventories at ports rebounded.
Source: Mysteel
Note: Other ports include Tieshan, Tianjin, Qingdao, Xiamen, Nanjing, and Nantong.
Written by Cora Ji, jiruyan@mysteel.com
