1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products)

2、 Market analysis

This week, the market of lithium hydroxide is running smoothly. As of September 27, 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. The increase of downstream demand in the third quarter has given the market some support. However, at present, the stock of lithium hydroxide in the market is still at a high level, and the price action is insufficient, and the market is mainly stable. On September 26, the commodity index of lithium hydroxide was 130.16, unchanged with yesterday, 65.88% lower than the highest point of 381.48 (2016-09-12) and 30.16% higher than the lowest point of 100.00 on September 04, 2014. (Note: period refers to 2014-09-01 to now)

Upstream lithium carbonate, on September 25, the overall price of lithium carbonate picked up slightly, and the quoted prices of some enterprises slightly increased. According to the data of the business agency, the average price of industrial grade lithium carbonate in East China on September 25 was 39500 yuan / ton, which was 1.54% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China on September 20 was 38900 yuan / ton), On September 20, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 0.68% higher than that at the beginning of the week (the average price of battery grade lithium carbonate in East China on September 20 was 43900 yuan / ton). On the 25th, the mainstream quotation of industrial grade lithium carbonate market was around 35000-40000 yuan / ton, and that of battery grade lithium carbonate was around 40000-45000 yuan / ton.

According to the price monitoring of business agency, in the 38 weeks (9.21-9.25) of 2020, there were 37 kinds of commodities in the chemical industry sector, among which there were 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the total commodities monitored in this plate; the top three commodities were chloroform (10.00%), butanone (7.87%) and dichloromethane (7.53%). There were 16 kinds of commodities with a decline of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products were acetone (- 8.25%), ethylene glycol (- 3.33%) and isopropanol (- 2.46%). This week, the average rise and fall was 0.57%.

3、 Future forecast

Lithium hydroxide analysts from the business club believe that the upstream lithium carbonate has recovered slightly in the near future, the cost support is fair, and the downstream demand has increased in the third quarter, but the market inventory is still at a high level, restricting the price upward. 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 upstream and downstream information guidance.