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SunSirs: Lithium Hydroxide Market Was Temporarily Stable on July 29

July 30 2020 14:58:41     SunSirs (John)

Price trend

The Lithium Hydroxide Commodity Index on July 28 was 130.16, the same as previous day. It was 65.88% lower than the highest point in the cycle, 381.48 points (2016-09-12), and 30.16% higher than the lowest point of 100.00 points on September 4, 2014. . (Note: Period refers to 2014-09-01 to present)

Analysis review

The lithium hydroxide market was temporarily stable on July 29. According to data from SunSirs’ bulk list, as of July 29, the average price of domestic industrial-grade lithium hydroxide enterprises was 54,666.67 RMB/ton, which was flat compared with the previous trading day, and fell 4.09% in a three-month cycle. At present, large battery-grade lithium hydroxide manufacturers have stable orders, and the market demand for industrial-grade lithium hydroxide is relatively stable.

According to customs statistics, China's lithium hydroxide imports in June 2020 were 109.27 tons, the import value that month was about 760,000 U.S. dollars, and the average import price of that month was 6,914.39 US dollars/ton; China's lithium hydroxide exports in June 2020 were 4,350.46 tons. The export value of the month was about 40.98 million US dollars, and the average export price of the month was 9,420.3 US dollars/ton.

In the upstream of lithium carbonate, the price of lithium carbonate in the East China market showed an overall upward trend in July, and the prices of industrial-grade carbon and battery-grade carbon have risen to varying degrees. As of July 29, the average price of industrial-grade lithium carbonate in East China was 39,700 RMB/ton, which is an increase of 260 RMB/ton from the average price at the beginning of the month (the average price of industrial carbon in East China was 39,440 RMB/ton on July 1), up 0.66%. On July 29, the average price of battery-grade lithium carbonate in East China was 44,900 RMB/ton, which was an increase of 700 RMB/ton from the average price at the beginning of the month (the average price in East China on July 1 was 44,200 RMB/ton), up 1.58%.

Market outlook

The Lithium Hydroxide analyst of SunSirs believes that the current upstream lithium carbonate price has risen slightly, but the upward space is narrowed, and the cost support is limited. The market demand for industrial grade lithium hydroxide is relatively stable. It is expected that the market for industrial-grade lithium hydroxide may be stable in the short term.

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