In China, the domestic spot battery-grade lithium carbonate price fell by 2.3% with battery-grade hydroxide prices down by 2.9% on Thursday May 14 while weak downstream demand pressured more producers to lower prices to boost sales and the Asian seaborne lithium carbonate market fell.
China's battery-grade lithium carbonate price edged down on unimproved downstream demand.China's lithium hydroxide price fell with lower prices reported over the week.China's industry-grade lithium carbonate market price weaker.The Asian lithium-carbonate spot market heard lower prices over the week.Europe, US spot market remains slack
The downtrend in the domestic Chinese battery-grade lithium carbonate spot price continued in the week to May 14 with producers lowering prices further to win orders in a sluggish market. Downstream buyers had no immediate needs, however, and were unwilling to stock more materials on hand, sources said.
Fastmarkets' weekly price assessment for
lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 41,000-44,000 yuan per tonne ($5,776-6,199) on Thursday May 14, down from 42,00-45,000 yuan per tonne from the previous week.
"Lower prices of around 41,000 yuan per...