Ann: Quarterly Report - June 2018, page-107

From Metal Bulletin
GLOBAL LITHIUM WRAP: China’s battery-grade hydroxide price decline accelerates in stagnant market

In addition to low demand, cheap lower quality battery-grade material and falling prices for industrial-grade material from the Qinghai region continue to put downward pressure on lithium carbonate compound prices.

“We heard some deals concluded below 120,000 yuan per tonne for lithium carbonate, but we are unwilling to lower prices to such levels close to production costs,” a Chinese producer said. “[But] some traders were unwilling to hold more stocks and sold materials at lower level for fear of further prices decrease later.”