I. price trend of lithium hydroxide:
The average price of lithium hydroxide as of November 25 was 66666.67 yuan / ton, down 1.48% compared with last Friday (November 22), according to the data in the bulk list of business agencies. In a three-month cycle, it fell 12.28% year-on-year.
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II. Market analysis:
Product: on the 25th, the market of lithium hydroxide fell steadily. At present, the inventory of lithium hydroxide manufacturers is sufficient, the downstream demand is light, and the purchase is based on demand. The wait-and-see atmosphere is strong, and the willingness of manufacturers to ship increases. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun industry is 63000 yuan / ton, and that of industrial grade lithium hydroxide of Shanghai oujin industry is 63000 yuan / ton. The specific price will be discussed in a single way.
Industry chain: the upstream lithium carbonate market price fell on the 25th, down 0.81%. The supply of lithium carbonate market is sufficient, manufacturers are willing to ship, and the market of lithium carbonate is weak and consolidated. The market orders of downstream lubrication and battery industries decreased.
Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the rise and fall list of bulk commodity prices on November 25, 2019, including 1 kind of commodity with an increase of more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top 3 commodities are acetone (7.57%), acrylic acid (2.69%) and styrene (1.15%). There are 12 kinds of commodities falling on a month on month basis, and the top three products are light soda (- 4.09%), chloroform (- 3.77%) and sulfuric acid (- 2.22%). The 25 day average rose or fell by – 0.06%.
3. Future forecast:
Analysts of lithium hydroxide of business club believe that the price of upstream lithium carbonate market is down and the cost support is weak. At present, the supply of goods in the market is sufficient, but the follow-up power of downstream consumption speed is insufficient. It is expected that the lithium hydroxide Market will be weak and stable in the short term.