1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide product

2、 Market analysis

On October 21, the market of lithium hydroxide stabilized temporarily. As of October 21, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with the previous trading day, with a half year cycle falling by 4.09% year-on-year. Recently, the market of lithium hydroxide has been running steadily, and the major lithium salt factory director has been mainly supplying overseas. The supply and demand of small and medium-sized enterprises is in the state of accumulation, and the price is stable under the support of cost.

Production data of lithium hydroxide: in September 2020, the output of lithium hydroxide of major manufacturers in China was around 873 tons, up 1.16% month on month and 34.31% year on year.

Upstream lithium carbonate, lithium carbonate price after the festival temporarily stable, may be good in the short term. According to the data of business agency, the average price of industrial grade lithium carbonate in East China on October 20 was 39500 yuan / ton, which was 1.54% higher than that on September 20 (38900 yuan / ton). On October 20, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 0.68% higher than that on September 20 (43900 yuan / ton). At present, the demand growth of power market is obvious, the output is gradually rising, and the supply tension is gradually alleviated. It is expected that the price of lithium carbonate may be in a favorable state in the short term, but it is difficult for the price to rise in the long term.

According to the price monitoring of the business agency, on October 20, 2020, there were 26 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in the plate; the top three commodities were butadiene (7.10%), DMF (4.57%) and sulfur (4.12%). There were 9 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 (- 5.33%), isopropanol (- 1.60%) and potassium nitrate (- 1.20%). The average rise and fall was 0.34%.

3、 Future forecast

Lithium hydroxide analysts from the business club believe that the supply and demand of lithium hydroxide Market is under pressure at present, but under the support of cost, it is expected that the industrial grade lithium hydroxide Market will run smoothly in the short term, and more attention should be paid to the market information guidance.