S&P Global Platts proposes to specify the location basis for the Lithium Carbonate CIF North Asia assessment

S&P Global Platts is proposing to specify the location basis for the Platts Lithium Carbonate CIF North Asia assessment as CIF Shanghai, China, effective August 7, 2020, and seeks market feedback on this proposal by July 7, 2020.

Platts has observed an increased concentration of spot lithium carbonate market liquidity on the CIF China basis, compared to Japan and South Korea, which tend to procure the material mainly via long-term contracts.

Shanghai port is the largest port for lithium carbonate imports in China, which handles over 50% of China's imported lithium carbonate cargoes per year. Cargoes delivered into other North Asian ports would continue to be reflected in the assessment, after normalization to the stated basis port. Platts may consider freight and quality differentials for lithium carbonate cargoes delivered to different north Asian ports in normalization. Platts may also reflect spreads and dynamics between different regions in the Lithium Carbonate CIF North Asia assessment.

The affected assessments include Lithium Carbonate CIF North Asia assessment and the import parity calculation:

The affected assessments are published on the fixed page PMA8888 of the real-time Platts Metals Alert, in Metals Daily and in Platts' price database.

Please send all questions and comments to battery_metals@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.

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