I. price trend of lithium hydroxide:

The average price of lithium hydroxide as of December 13 was 57666.67 yuan / ton, the same as that at the beginning of the week, and the market of lithium hydroxide was stable for the time being this week, according to the bulk list data of business agency. In a three-month cycle, it fell 19.16% year-on-year.

II. Market analysis:

Product: the market of lithium hydroxide is stable this week. Although the operating rate has been at a low level, the downstream demand has not been substantially improved, the market trading atmosphere is light, and the market is mainly stable. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, that of Shanghai oujin Industrial Co., Ltd. is 60000 yuan / ton, that of Zigong tongfarong industrial grade lithium hydroxide is 55000 yuan / ton, and that of Shanghai huaran industrial grade lithium hydroxide is 55000 yuan / ton. The specific price is a single discussion.

Industry chain: the upstream lithium carbonate market price fell (12.9-12.13) this week, up or down by – 2.52%. At present, the price of lithium carbonate continues to decline, and the downstream enterprises’ stock up for Spring Festival is coming to an end. The future market demand is relatively pessimistic, and it is expected that the price of lithium carbonate will remain low in the short term.

Industry: according to the price monitoring of the business agency, in the 49th week of 2019 (12.9-12.13), there are 24 kinds of commodities rising month on month in the chemical industry sector, including 4 kinds of commodities rising by more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities are glycol (17.59%), crude benzene (7.07%) and aniline (6.81%). There are 28 commodities with a decline of more than 5% on a month on month basis, accounting for 1.2% of the number of commodities monitored in the sector; the top three products with a decline are hydrochloric acid (- 6.41%), chloroform (- 4.55%), and bisphenol A (- 3.62%). This week’s average was 0.07%.

3. Future forecast:

According to analysts of lithium hydroxide of business association, the weak market of lithium carbonate in the upper reaches and the falling price have a negative impact on the cost of lithium hydroxide. Although the operating rate of lithium hydroxide is at a low level, the demand side is weak, and there is no strong positive factor support for the moment. It is expected that in the short term, the lithium hydroxide Market will be consolidated and wait-and-see.