1、 Price trend of lithium hydroxide
| Sodium Molybdate |
(Figure: P value curve of lithium hydroxide products)
2、 Market analysis
In recent years, the domestic lithium hydroxide Market has not changed much, and the price has been stable. As of October 15, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with October 1, and fell by 4.09% year-on-year in a half year cycle. Downstream demand increased slightly, but inventory pressure remained, and the market of lithium hydroxide ran smoothly.
According to customs statistics, in August 2020, China’s import volume of lithium hydroxide was 25.56 tons, the import amount of that month was about 180000 US dollars, and the average import price of that month was 7210.05 dollars / ton; in August 2020, China’s export volume of lithium hydroxide was 3803.1 tons, the export amount of that month was about 33.08 million dollars, and the average export price of that month was 8698.08 dollars / ton.
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The average price of industrial grade lithium carbonate in East China on October 14 was 39500 yuan / ton, which was 1.54% higher than that on September 14 (38900 yuan / ton). On October 14, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 0.68% higher than that on September 14 (43900 yuan / ton). On the 14th, the mainstream quotation of industrial grade lithium carbonate market was around 38000-42000 yuan / ton, and that of battery grade lithium carbonate was around 42000-46000 yuan / ton.
3、 Future forecast
Lithium hydroxide analysts from the business club believe that the upstream lithium carbonate market is temporarily stable in the near future, the cost side has a certain support, and the downstream demand is fair, but the inventory pressure is still under. It is expected that the industrial grade lithium hydroxide Market will run smoothly in the short term, and more attention should be paid to the market news guidance.
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