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SunSirs: Lithium Hydroxide Market Was Weak and Stable (June 1-24)
June 28 2020 11:13:53SunSirs(John)

Price trend

From June to the present, the domestic industrial grade lithium hydroxide market is weak and stable. According to the data of SunSirs' list, as of June 24, the average price of domestic industrial-grade lithium hydroxide enterprises was 54,666.67 RMB/ton, which was 1.80% lower than that at the beginning of the month and 4.09% lower than that on April 24.

 

Analysis review

At the beginning of May, the orders of large lithium hydroxide factories were relatively stable, and the sales of SMEs were relatively general. The focus of market negotiations was temporarily stable. According to the data of SunSirs' list, the average price of industrial-grade lithium hydroxide enterprises is 57,000 RMB/ton. With the weak operation of the upstream lithium carbonate market, the cost support was weakened, and new orders in the market were generally sold. The price of lithium hydroxide was reduced to 55,666.67 RMB/ton. In June, the upstream lithium carbonate market continued to operate under pressure, and downstream demand was flat. Under the double drag of cost and demand, the current average price of industrial-grade lithium hydroxide enterprises is 54,666.67 RMB/ton, which is a decrease of 5.20% compared with the beginning of the year.

Recently, the price of upstream lithium carbonate has been relatively stable. According to the data of SunSirs' list, as of June 23, the average price of industrial grade lithium carbonate in East China was 39,860 RMB/ton, which was 0.85% lower than the beginning of the month and 3.25% lower than May 23; The average price of battery-grade lithium carbonate in East China on June 23 was 44,200 RMB/ton, a decrease of 2.21% compared with May 23. At present, the market inventory is relatively high, the spot transaction situation is weak, coupled with the impact of imported lithium carbonate on the domestic market, it is expected that the market price of lithium carbonate may continue to be under pressure in the short term.

 

Market outlook

Lithium hydroxide analysts of SunSirs believe that the recent lithium carbonate market has stabilized relatively, the cost support is limited, and the domestic downstream demand is general. It is expected that in the short term, the market of industrial-grade lithium hydroxide may be weak and stable.

 

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