1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

On June 10, the market of industrial grade lithium hydroxide was temporarily stable. The average price of domestic industrial grade lithium hydroxide enterprises as of June 10 was 55666.67 yuan / ton, which was the same as that of yesterday, down 2.34% compared with that of May 10, according to the data in the bulk list of business agencies. At present, the downstream demand is flat, the market is weak, and new orders in the domestic market are light. Today, the focus of lithium hydroxide negotiation is temporarily stable.

Upstream: the market of lithium carbonate is weak and stable in the near future. At present, the supply of lithium carbonate is sufficient, the downstream demand is weak, the contradiction between supply and demand is prominent, market trading is not smooth, and the price is under pressure. The average price of industrial lithium carbonate in East China was 39900 yuan / ton as of June 9, down 4.55% compared with that of May 9, and the average price of battery lithium carbonate in East China was 44300 yuan / ton, down 4.11% compared with that of May 9, according to the data in the bulk list of business agencies. Weak demand transmission, and the market of lithium carbonate is under pressure. However, under the influence of production cost, it is expected that the market of lithium carbonate will be weak and stable in the short term.

According to the price monitoring of the business agency, on June 9, 2020, there are 20 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities with an increase are sulfur (11.38%), isopropanol (5.18%) and phenol (4.70%). There are 10 kinds of commodities falling on a month on month basis, and one kind of commodities falling by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products falling are acetic anhydride (- 7.57%), chloroform (- 4.88%) and formic acid (- 2.59%). The average price of this day is 0.29%.

3、 Future forecast:

According to analysts of lithium hydroxide of business association, in the near future, the upstream lithium carbonate market is under pressure, the downstream demand is insufficient, and the cost and demand are double drag. It is expected that in the short term, the industrial lithium hydroxide Market will be dominated by weak operation.