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SunSirs: Lithium Hydroxide Market Was Temporarily Stable on September 24

September 25 2020 14:08:39     SunSirs (John)

Price trend

The lithium hydroxide market was temporarily stable on September 24. According to data from the business agency's bulk list, as of September 24, the average price of domestic industrial-grade lithium hydroxide enterprises was 54,666.67 RMB/ton, which was the same as September 1, and fell 4.09% in a half-year cycle.

Analysis review   

The sales of large lithium hydroxide factories are stable, and the demand side has increased in the third quarter, but the inventory pressure is still there. At present, the market conditions are mainly stable and there is no obvious fluctuation.

Lithium hydroxide production data: In August 2020, the production of lithium hydroxide from major manufacturers in the country was around 0.863 million tons, up 3.6% month-on-month and down 1.93% year-on-year.

Upstream lithium carbonate, according to data from the business agency’s bulk list, as of September 23, the average price of industrial-grade lithium carbonate in East China was 39,500 RMB/ton, an increase of 1.54% compared to last Monday (September 14). Compared with the beginning of the month, it fell by 1.25%; on September 23, the average price of battery-grade lithium carbonate in East China was 44,200 RMB/ton, an increase of 0.68% compared with last Monday (September 14), and a decrease of 1.56% compared with the beginning of the month.

Market outlook

Lithium hydroxide analysts of SunSirs believe that the upstream lithium carbonate has risen slightly recently, and the cost is supported to a certain extent. The downstream demand increase is acceptable, but the market inventory is still high. It is expected that the market for industrial-grade lithium hydroxide will remain stable in the short term.

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

 

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