Price Assessment

Platts North Asia Lithium Assessment

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

What are Platts North Asia Lithium price assessments?

Platts Lithium Hydroxide CIF North Asia 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.

Platts Lithium Carbonate CIF North Asia 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 Platts launched the weekly Lithium Carbonate CIF N. Asia & Lithium Hydroxide CIF N. Asia assessments on September 7, 2018. The assessments are timestamped to 4:30pm Singapore time and are published on Fridays.

How do we assess Platts North Asia Lithium prices?

Platts CIF North Asia China Lithium Assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor each week. Platts assessments reflect responsibly sourced material, which sellers should be able to demonstrate in line with standard industry practice, upon buyers' request.

Platts collects 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 Platts coverage of the lithium carbonate and hydroxide 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.

Lithium Hydroxide Cargoes delivered to North Asia countries other than Japan and South Korea are reflected in the assessment, after normalizing to the stated basis. Freight, quality differentials for lithium hydroxide cargoes, as well as the spreads and dynamics between different regions may be considered in the normalization process.

The Lithium Carbonate CIF North Asia assessment is basis Shanghai port, China. Cargoes delivered into any North Asian ports, such as in Japan and South Korea, are reflected in the assessment, after normalizing to the stated basis port. Freight and quality differentials for lithium carbonate cargoes delivered to different north Asian ports, as well as the spreads and dynamics between different regions may be considered in the normalization process.

Platts North Asia Lithium Commentary

Lithium prices remained static in the international market Sept. 21 amid halted trade due to the Mid-Autumn Festival in China.


The bullish sentiment, however, persists as supply remains tight and offers keep going up.

S&P Global Platts assessed lithium carbonate at $20,000/mt and lithium hydroxide at $20,500/mt on Sept. 21. The prices were unchanged both on the day and from Sept. 14.

The prices reflect the spot value of battery-grade material on a CIF North Asia basis, referring to deliveries to the main ports of China, Japan and South Korea. Lithium carbonate, however, is normalized to deliveries at the Shanghai port.

Offers were reported as high as $25,000/mt CIF North Asia for lithium hydroxide. “We are just trying to follow the market,” said a seller source who has a $22,500/mt offer for hydroxide rejected two weeks ago. “They came back now saying they would accept that price, but I told them it’s too late,” he said.

The rapid increase of carbonate prices — which moved above hydroxide — in the Chinese domestic market could also provide additional momentum to international carbonate prices, he added.

Seaborne prices have been failing to follow the same pace of Chinese domestic price spikes due to the lack of spot liquidity, which increases the market’s opaqueness. The thin volume availability is also dragging technical grade material’s prices up as it has been increasingly diverted to reprocessing for battery applications. This has narrowed the gap between technical grade and battery grade significantly, sources said.

Platts $20,000/mt assessment for battery-grade lithium carbonate CIF North Asia was equivalent to Yuan 146,041/mt, including 13% value-added tax, based on Platts import-parity calculation. The DDP China lithium carbonate price was assessed at Yuan 170,000/mt on Sept. 21, meaning Chinese domestic prices are well above the import parity. The dollar was assessed at Yuan 6.4527 at 4:30 pm Singapore time.

Platts North Asia Lithium Heards

24 Sep 2021 — Platts Battery Metals: Lithium Hydroxide DDP China heard on Sep 24 tradable at Yuan 170,000-180,000/mt (battery grade):

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard on Sep 24 tradable at Yuan 185,000/mt (battery grade): lithium

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard on Sep 24 traded at Yuan 180,000/mt,1-3 trucks, salt lake origi

24 Sep 2021 — Platts Battery Metals: Spodumene Concentrate 1% lithium oxide brand spread between Pilbara-Galaxy FOB Australia heard o

24 Sep 2021 — Platts Battery Metals: Lithium Hydroxide CIF North Asia heard on Sep 24 tradable at $23,500/mt (battery grade): Chinese

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate CIF North Asia heard on Sep 24 offered at $25,000/mt (battery grade): Chinese p

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate CIF North Asia heard on Sep 24 tradable at $22,000/mt (battery grade): Chinese

24 Sep 2021 — Platts Battery Metals: Lithium Hydroxide DDP China heard on Sep 24 tradable at Yuan 170,000-180,000/mt (battery grade):

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard tradable at Yuan 140,000/mt in the week to Sep 14, from recycle

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard on Sep 24 offered at Yuan 175,000/mt, salt lake origin (technic

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard on Sep 24 offered at Yuan 200,000/mt (battery grade): Chinese

24 Sep 2021 — Platts Battery Metals: Lithium Carbonate DDP China heard on Sep 24 tradable at Yuan 180,000-185,000/mt (battery grade):

24 Sep 2021 — Platts Battery Metals: Spodumene Concentrate 1% lithium oxide brand spread between Pilbara-Galaxy FOB Australia heard o

24 Sep 2021 — Platts Battery Metals: Spodumene Concentrate 0.1% mica differential below 2% FOB Australia heard on Sep 24 tradable at $

23 Sep 2021 — Platts Battery Metals: Lithium Hydroxide CIF North Asia heard on Sep 23 offered at $25,000/mt (battery grade): Chinese t


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