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SunSirs: Lithium Hydroxide Market Was Temporarily Stable This Week (December 9-13)

December 16 2019 11:36:31     SunSirs (John)

Price trend

According to the data of SunSirs, as of December 13, the average price of lithium hydroxide was 57,666.67 RMB/ton, which was unchanged from the beginning of the week. In the three-month cycle, it fell by 19.16%.


Analysis review        

Product: The lithium hydroxide market has been temporarily stable this week. Although the operating rate has been low, downstream demand has not substantially improved, the market trading atmosphere is light, and the market is mainly stable. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58,000 RMB/ton, that of Shanghai Oujin Industrial Co., Ltd. is 60,000 RMB/ton, that of Zigong tongfarong industrial grade lithium hydroxide is 55,000 RMB/ton, and that of Shanghai huaran industrial grade lithium hydroxide is 55,000 RMB/ton. The specific price is a single discussion.

Industrial chain: The price of the upstream lithium carbonate market fell this week (12.9-12.13), down by - 2.52%.. At present, the price of lithium carbonate continues to fall, and the downstream enterprises' stocking for the Spring Festival is coming to an end. The market demand is more pessimistic. It is expected that the short-term lithium carbonate will continue to hover at a low price.

Industry: According to the price monitoring of SunSirs, in the 49th week of 2019 (12.9-12.13), there were 24 kinds of commodities rising month on month in the chemical industry sector, including 4 kinds of commodities rising by more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities were glycol (17.59%), crude benzene (7.07%) and aniline (6.81%). There were a total of 28 kinds of goods that fell month-on-month, and 1 kind of goods that fell by more than 5%, accounting for 1.2% of the number of goods monitored in this sector. The top 3 products were hydrochloric acid (-6.41%) and chloroform (-4.55). %), Bisphenol A (-3.62%). This week's average increase or decrease was 0.07%.


Market outlook

I Lithium hydroxide analysts of SunSirs believe that the upstream lithium carbonate market is weak and prices have fallen, which has a negative impact on the cost of lithium hydroxide. Although the operating rate of lithium hydroxide is at a low level, the demand is weak and there are no strong favorable factors to support it. It is expected that in the short term, the lithium hydroxide market may consolidate and wait and see.


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