I. Lithium hydroxide price trend:

The average price of lithium hydroxide was 71266.67 yuan per ton as of September 20, according to the data of the business association’s list. The market of lithium hydroxide was mainly stable. Some enterprises’quotations fell slightly, by 0.09% compared with the beginning of the week and by 6.23% compared with September 1.

II. Market analysis:

Product: Lithium hydroxide market prices fell steadily and moderately this week. The supply of goods in the market is abundant, but the downstream consumption speed is insufficient to follow up, and the contradiction between supply and demand is unbalanced. At present, the quotation of industrial grade lithium hydroxide in Shanghai is 68,000 yuan/ton, industrial grade lithium hydroxide in Shanghai Oujin is 71,800 yuan/ton, industrial grade lithium hydroxide in Shanghai Chen lithium material is 71,000 yuan/ton, and industrial grade lithium hydroxide in Zigong Tongfarong is 74,000 yuan/ton. Let’s talk about it one by one.

Industry Chain: Upstream industrial lithium carbonate weekly rise and fall of -0.36%, battery lithium carbonate weekly rise and fall of -0.31%. This week, the price of lithium carbonate has slowed down, and manufacturers are mainly active shipments.

Industry: According to the price monitoring of business associations, in the 37 th week of 2019 (9.16-9.20), there were 41 kinds of commodities rising annually in the chemical sector, 11 of which increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities with a decline of more than 5%, accounting for 1.2% of the monitored commodities in this sector. The products with the first three declines are dichloromethane (-5.19%), trichloromethane (-4.17%) and sulfuric acid (-2.98%). This week’s average rise and fall was 3.64%.

3. Future market forecast:

Lithium hydroxide analysts at business associations believe that the upstream lithium carbonate market has been weak recently, and the cost support for lithium hydroxide has also weakened. There is no substantial improvement in downstream demand and lack of strong incentives. It is expected that the lithium hydroxide Market will be reorganized in the short term. More attention should be paid to the downstream market demand.