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SunSirs: On February 17, Lithium Hydroxide Market Was Temporarily Stable

February 19 2020 09:20:50     SunSirs (John)

Price trend

According to the monitoring of SunSirs, as of February 17, the average lithium hydroxide price was 57,000 RMB/ton, which was flat compared with the 14th. In the three-month cycle, it fell 15.76% year-on-year. The lithium hydroxide commodity index on February 17 was 135.71, which was the same as the previous day, a decrease of 64.43% from the highest point of the cycle at 381.48 points (2016-09-12) and an increase of 35.71% from the lowest point of September 04, 2014 at 100.00 points. (Note: cycle refers to 2014-09-01 to now)

Analysis review   

Product: On February 17, the market price of lithium hydroxide was temporarily stable. At present, Shanghai Yulun Industrial's industrial grade lithium hydroxide is priced at 58,000 RMB/ton, and Shanghai Oujin Industrial's industrial grade lithium hydroxide is priced at 58,000 RMB/ton. The specific price will be discussed individually. The current mainstream quotation in the domestic industrial lithium hydroxide market is around 55,000-58,000 RMB/ton.

Industry chain: Recently, the upstream lithium carbonate market has mainly maintained stable operation, and some companies have raised their quotations. As of February 17, the average price of industrial grade lithium carbonate in East China was 43,900 RMB/ton, and the average price of battery grade lithium carbonate in East China was 51,200 RMB/ton. As the resumption time of manufacturers is mostly delayed, and most of them are mainly inventories, coupled with certain restrictions on transportation, the cost of logistics has risen, and the price of lithium carbonate has risen slightly. As the company resumes production in the later period, the market supply increases, and the price of lithium carbonate may stabilize.

 

Market outlook

According to analysts of lithium hydroxide of SunSirs, the upstream lithium carbonate market has increased slightly in the recent period, with general cost support performance, and low demand for industrial lithium hydroxide. It is expected that in the short term, the industrial lithium hydroxide Market will be dominated by low consolidation and wait-and-see operation.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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