Price Assessment

Platts China Lithium Assessment

  • What are Platts China Lithium price assessments?
  • How do we assess Platts China Lithium prices?
  • Platts China Lithium Commentary
  • Platts China Lithium Heards

What are Platts China Lithium price assessments?

Platts Lithium Hydroxide DDP China assessment by S&P Global Commodity Insights reflects physical spot market prices for min 56.5% purity battery grade lithium hydroxide. Other qualities are considered and may be normalized back to Platts base standard specifications, subject to prevailing market differentials.

The assessment reflects physical spot market prices for min 99.5% purity battery grade lithium carbonate. Other qualities are considered and may be normalized back to Platts base standard specifications, subject to prevailing market differentials.

S&P Global Commodity Insights launched the weekly Lithium Carbonate DDP China & Lithium Hydroxide DDP China assessments on September 7, 2018. The assessments are timestamped to 4:30 pm Singapore time and are published on Fridays.

Visit here for our full Lithium methodology

How do we assess Platts China Lithium prices?

Platts DDP China Lithium Assessments by S&P Global Commodity Insights are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor each week. Our assessments reflect responsibly sourced material, which sellers should be able to demonstrate in line with standard industry practice, upon buyers' request.

S&P Global Commodity Insightscollects data from market participants across the full supply chain, allowing us to produce a balanced assessment of price by engaging with suppliers, traders and consumers of all size and scale.

S&P Global Commodity Insights coverage of the lithium hydroxide and carbonate market is led by a global team across three offices: Singapore, Sao Paulo and London. These regions cover the key supply and consumption hubs for lithium carbonate.

Platts China Lithium Commentary

  • Bullish momentum continues for lithium salts
  • Spodumene supply tightness persists


Platts assessed battery-grade lithium carbonate at Yuan 520,000/mt Sept. 23 on a delivered, duty-paid China basis, up Yuan 5,000/mt on the day and Yuan 8,000/mt on the week.


Tradable levels for battery-grade lithium carbonate converged in the Yuan 500,000-Yuan 530,000/mt range in the week ended Sept. 23, with multiple trades done at the higher end of the range at Yuan 520,000-Yuan 530,000/mt through the week.

A Chinese consumer said demand might pick up as China heads for the Golden Week holiday, with market participants seeking to buy more due to short-term uncertainty.

Market sources are bullish and expect lithium salt prices to continue increasing because of a shortage of lithium salts and macroeconomic factors such as yuan's depreciation that increases capital costs.

“Everyone feels that lithium carbonate prices will go up with lithium hydroxide following suit," a Chinese producer said, adding that most producers are currently fulfilling backorders from early September.

A Chinese converter was cautious and said it was difficult to predict how the market would trend in the wake of downstream demand and tolerance to higher prices.

A Chinese producer was skeptical that a rally in prices will last as price were likely higher due to a seasonal trend.

“If one were to look at the characteristics of previous years, there’s a clear trend that prices would rise to a certain extent in fourth quarter," the producer said.

Platts assessed battery-grade lithium hydroxide at Yuan 505,000/mt Sept. 23 on a delivered, duty-paid China basis, up Yuan 2,000/mt on the day and Yuan 5,000/mt on the week.

Tradable values were pegged in the Yuan 500,000-Yuan 530,000/mt range in the week to Sept. 23

“I feel that prices will recover; downstream demand has been increasing with supply lacking behind," a Chinese producer said.

A Chinese producer said high lithium salt prices have weighed on 3C demand.

Platts assessed spodumene concentrate with 6% lithium oxide content at $7,000/mt FOB Australia Sept. 23, up $450/mt from the previous week.

Tradable levels were in the $6,000-$7,300/mt range in the week ended Sept. 23 as spot supply remained tight.

September's auction for spodumene with 5.5% lithium oxide content concluded at a higher price of $6,988/mt on an FOB Port Hedland basis.

The auction price increase exceeded market participants' expectations. A Chinese producer said this was understandable due to a lack of raw material supply.

A Chinese producer said a higher auction price is an indication of "great confidence" in lithium salt prices and provides the spot market with a direction heading into January 2023.

The spodumene batch in the auction would only be converted into battery-grade lithium carbonate in January 2023 and indicates there are participants who are bullish until then, a Chinese trader said.

“If lithium salt prices in January remain at current levels, then buying spodumene at $7,000/mt is still profitable,” the trader said.

Platts is part of S&P Global Commodity Insights.

Platts China Lithium Heards

23 Sep 2022 — Lithium Carbonate CIF Europe heard on Sep 23 offered at $62,000/mt (technical grade): South Ameri

23 Sep 2022 — Lithium Carbonate CIF North Asia heard on Sep 23 tradable at $60,000-68,000/mt (technical grade):

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) FOB Australia heard on Sep 23 tradable at $6500/mt , pr

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) FOB Australia heard on Sep 23 tradable at $5300/mt , LT

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) FOB Australia heard on Sep 23 tradable at $6000-7000/mt

23 Sep 2022 — Lithium Carbonate DDP China heard on Sep 23 traded at Yuan 510000/mt , 1 truck, prompt loading (

23 Sep 2022 — Lithium Carbonate DDP China heard on Sep 23 tradable at Yuan 515000-525000/mt , prompt loading (

23 Sep 2022 — Lithium Carbonate DDP China heard on Sep 23 tradable at Yuan 500000-510000/mt, prompt loading (ba

23 Sep 2022 — Lithium Hydroxide DDP China heard on Sep 23 tradable at Yuan 495000-510000/mt , prompt loading (

23 Sep 2022 — Lithium Hydroxide DDP China heard on Sep 23 tradable at Yuan 490000-500000/mt , prompt loading (

23 Sep 2022 — Lithium Carbonate DDP China heard on Sep 23 traded at Yuan 530000/mt , 1 truck, prompt loading (

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) CIF China heard on Sep 23 offered at Yuan 65000/mt , 10

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) FOB Australia heard on Sep 23 tradable at $6000-6500/mt

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) FOB Australia heard on Sep 23 traded at $5000-6000/mt ,

23 Sep 2022 — Spodumene Concentrate (6% lithium oxide) CIF China heard on Sep 23 offered at $8217/mt , 10,000m


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