SunSirs: On March 25, the Market of Lithium Hydroxide Was Temporarily Stable

Price trend

ccording to data from SunSirs' block list, as of March 25, the average price of lithium hydroxide was 57,000 RMB/ton, which was unchanged from yesterday. Taking a half year cycle, it fell by 20.02%.

Analysis review   

Product: At present, Shanghai Yulun Industrial's industrial grade lithium hydroxide is priced at 58,000 RMB/ton, Shanghai Oujin Industrial's industrial grade lithium hydroxide is priced at 58,000 RMB/ton, and Zigong Tongfarong Industrial's industrial grade lithium hydroxide is priced at 55,000 yuan. / Ton, the specific price of a single talk. The current mainstream quotation in the domestic industrial lithium hydroxide market is around 55,000-58,000 RMB/ton.

Industrial chain: According to SunSirs price monitoring, on March 23, the average price of industrial grade lithium carbonate in East China was 43,600 RMB/ton, and the average price of battery grade lithium carbonate in East China was 50,200 RMB/ton. Production companies have resumed work one after another, the market utilization rate has gradually increased, and the supply side has increased. Downstream users have just purchased mainly, and some companies have reduced their prices. The demand recovery in the power market fell short of expectations, and the market sentiment for the battery-grade lithium carbonate market was weak. At present, the mainstream price of the industrial grade lithium carbonate market is around 40,000 to 47,000 RMB/ton, and the mainstream price of the battery grade lithium carbonate market is around 47,000 to 52,000 RMB/ton.

Industry: According to the price monitoring of SunSirs, on March 24, 2020, there were 9 commodities in the chemical sector that rose in the commodity price list, including 1 kind of commodity with a rise rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector;. The top three commodities were ormic acid (17.09%), nitric acid (3.23%) and liquid ammonia (0.51%).There were a total of 20 kinds of goods that fell month-on-month, and 5 kinds of goods that fell by more than 5%, accounting for 5.7% of the number of monitored products in this sector; PX (- 9.09%), DOP (- 7.50%), and hydrogenated benzene (- 6.56%).  The average daily increase or decrease was -0.46%.

Market outlook

SunSirs lithium hydroxide analysts believe that the recent decline in upstream lithium carbonate prices has a small impact on lithium hydroxide. It is expected that in the short term, the industrial lithium hydroxide market will be mainly stable, and more attention needs to be paid to inventory and demand.

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