1、 Price trend of lithium hydroxide
(Figure: P value curve of lithium hydroxide products)
2、 Market analysis
On September 24, the market of lithium hydroxide stabilized temporarily. As of September 24, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with September 1, and fell by 4.09% year-on-year in a half year cycle, according to the data of business club’s bulk list. Large lithium hydroxide manufacturers have stable shipment, and the demand for lithium hydroxide has increased in the third quarter, but the inventory pressure is still on. At present, the market is mainly running smoothly without obvious fluctuation.
Production data of lithium hydroxide: in August 2020, the output of lithium hydroxide of major manufacturers in China was around 863 tons, up 3.6% month on month and 1.93% lower than the same period last year.
As for upstream lithium carbonate, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton as of September 23, up 1.54% compared with last Monday (September 14) and 1.25% lower than that at the beginning of the month; on September 23, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, up 0.68% compared with last Monday (September 14) and the beginning of the month It was down 1.56%.
3、 Future forecast
Lithium hydroxide analysts from the business club believe that the upstream lithium carbonate has risen slightly in the near future, the cost side has certain support, and the downstream demand growth is fair, but the market inventory is still at a high level, and it is expected that the industrial grade lithium hydroxide Market will be stable in the short term.
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