1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products)

2、 Market analysis

The market of lithium hydroxide remained stable this week. As of November 6, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with the beginning of the week, and fell by 4.09% year-on-year in a half year cycle, according to the data of the business club’s bulk list. This week, the turnover of lithium hydroxide Market was limited, and the market remained stable for the time being.

The upstream lithium carbonate, according to the data monitoring of the business agency: on November 5, the price of lithium carbonate remained stable. On November 5, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which remained stable compared with the beginning of the month (the average price of industrial grade lithium carbonate in East China on November 1 was 39500 yuan / ton). On November 5, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which remained stable compared with the beginning of the week (the average price of battery grade lithium carbonate in East China on November 1 was 44200 yuan / ton).

On November 5, the commodity price index of lithium carbonate and lithium hydroxide was 75.44, which was the same as yesterday, 13.67% lower than 87.39 (2019-07-02), and 1.55% higher than the lowest point of 74.29 on September 20, 2020. (Note: the period refers to January 1, 2013 to now)

According to the price monitoring of the business agency, on November 5, 2020, there were 15 kinds of commodities in the chemical industry sector that rose on a month on month basis in the list of commodity prices up and down on November 5, 2020. The top three commodities were 1,4-butanediol (3.32%), styrene (3.13%) and crude benzene (2.35%). There were 8 kinds of commodities with a decrease of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products were DMF (- 7.41%), propylene oxide (- 4.05%), propylene glycol (- 2.50%). The average rise and fall was 0.05%.

3、 Future forecast

Lithium hydroxide analysts of the business club believe that the price of lithium carbonate in the upstream is still stable in the near future, the cost side has some support, and the downstream demand is flat. It is expected that the industrial grade lithium hydroxide Market will be stable in the short term, and more attention should be paid to the market news guidance.