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SunSirs: Lithium Hydroxide Market Prices Were Lowered This Week(May 11-15)

May 18 2020 14:15:55     SunSirs (John)

Price trend

The lithium hydroxide commodity index on May 14 was 132.54, which was the same as the former day, a 65.26% decrease from the highest point in the cycle of 381.48 points (2016-09-12), and an increase of 32.54% from the lowest point of 100.00 points on September 04, 2014 . (Note: cycle refers to 2014-09-01 to now)

 

Analysis review   

Product: According to the data monitored by SunSirs, According to the data of the business community's list, the market price of lithium hydroxide has been lowered this week. As of the 15th, the average price of domestic industrial-grade lithium hydroxide enterprises was 55,666.67 RMB/ton, which was a decrease of 2.34% compared with that of the beginning of the week. With a half-year cycle, it fell by 17.73%. At present, Shanghai Yulun Industrial's industrial grade lithium hydroxide is priced at 56,000 RMB/ton, Shanghai Oujin Industrial's industrial grade lithium hydroxide is 58,000 RMB/ton, and Zigong Tongfarong Industrial's industrial grade lithium hydroxide is 53,000 RMB/ton, the specific transaction price will be discussed separately.

Industry chain: According to the price monitoring of SunSirs, the upstream lithium carbonate market has been operating weakly recently (May 1-14). As of May 14, the average price of industrial grade lithium carbonate in East China was 41,700 RMB/ton, down 0.48% compared with May 1. The average price of battery-grade lithium carbonate in East China was 46,000 RMB/ton, which was a decrease of 1.50% compared with May 1. At present, the market demand performance is still not good. The downstream market is dominated by rigid purchases. The market trading atmosphere is general. It is expected that in the short term, the lithium carbonate market will be weak and stable.

Industry: According to the price monitoring of SunSirs, on May 14, 2020, there were a total of 13 commodities in the chemical sector that rose in the commodity price list. The top three commodities were ethylene (4.79%), dichloromethane (3.14% ) and Chloroform (2.86%). There were 8 kinds of commodities that fell sequentially, and the top 3 products were mixed xylene (-2.83%), toluene (-1.73%), and styrene (-1.58%). The average daily increase or decrease was 0.15%.

 

Market outlook

Lithium hydroxide analysts of SunSirs believe that the upstream lithium carbonate market is running weakly, the cost support is weakening, and new orders are generally sold in the market. It is expected that in the short term, the market of industrial grade lithium hydroxide may temporarily stabilize.

 

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