I. Lithium hydroxide price trend:

According to the data from the business associations’list, the market price of lithium hydroxide fell this week. At present, the mainstream price of domestic industrial grade lithium hydroxide is about 66000-74000 yuan/ton, which is 6.14% lower than that at the beginning of the week and 7.76% lower than that on August 6.

II. Market analysis:

Products: Lithium hydroxide market prices fell. At present, the production capacity of lithium hydroxide has been improved, the supply side is sufficient, the demand side is consumed slowly, the follow-up of the transaction is insufficient, the low-end offer in the field increases under the pressure of shipment, and the center of gravity of the actual single delivery weakens. At present, the quotation for industrial grade lithium hydroxide in Shanghai is 68,000 yuan/ton, for industrial grade lithium hydroxide in Shanghai Oujin is 72,000 yuan/ton, and for industrial grade lithium hydroxide in Aiheng (Shanghai) Intelligent Technology Co., Ltd. is 66,000 yuan/ton. The specific price is one-sided.

Industry chain: The weekly rise and fall of industrial lithium carbonate and battery lithium carbonate are -6.00% and -4.78% respectively in the upstream this week. This week’s lithium carbonate market showed a high capacity, but demand did not meet expectations, lithium carbonate market is still dominated by low-cost shipments.

Industry: According to the price monitoring of business associations, in the 35th week (9.2-9.6) of 2019, there were 31 kinds of commodities rising annually in the chemical sector, of which 8 commodities increased by more than 5%, accounting for 9.5% of the monitored commodities in the sector; the first three commodities were butanone (13.06%), yellow phosphorus (11.51%) and mixed xylene (8.50%). There are 21 kinds of commodities with a decline of more than 5%, accounting for 4.8% of the monitored commodities in this sector. The products with the first three declines are trichloromethane (-8.16%), lithium hydroxide (-6.14%) and lithium carbonate (-6.00%). This week’s average rise and fall was 0.61%.

3. Future market forecast:

Lithium hydroxide analysts believe that the upstream market of lithium carbonate has weakened again this week, and the cost support of lithium hydroxide has weakened. And the terminal market demand is slow, and the follow-up of lithium hydroxide is insufficient. It is expected that the lithium hydroxide Market will be dominated by weak consolidation in the short term.