1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

Product: the market of lithium hydroxide was stable temporarily on May 20, according to the data of bulk list of business agency. By the end of 20 days, the average price of domestic industrial grade lithium hydroxide enterprises was 55666.67 yuan / ton, down 2.34% compared with April 20, with a half year cycle, down 17.73% year-on-year. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 56000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 58000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 53000 yuan / ton. The specific transaction price is a single negotiation.

Industry chain: according to the data in the business club’s large list, the market of lithium carbonate is in a weak position in the near future. According to the price monitoring of the business agency, the average price of industrial grade lithium carbonate in East China on May 20 was 41200 yuan / ton, down 1.90% compared with April 20 and 7.21% compared with January 1; the average price of battery grade lithium carbonate in East China on May 20 was 45200 yuan / ton, down 3.21% compared with April 20 and 11.37% compared with January 1. At present, the mainstream price of industrial lithium carbonate market is around 38000-45000 yuan / ton, and the mainstream price of battery lithium carbonate market is around 42000-48000 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 21 kinds of commodities in the rise and fall list of bulk commodity prices on May 19, 2020, among which there are 2 kinds of commodities with an increase rate of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 commodities with an increase rate are hydrogen peroxide (7.11%), isopropanol (5.17%) and R22 (4.49%). There are 13 kinds of commodities falling on a month on month basis, and the top three products are light soda (- 3.75%), formic acid (- 2.42%) and phosphate rock (- 1.67%).

3、 Future forecast:

According to the lithium hydroxide analyst of the business association, the market of lithium hydroxide in the upstream is in weak operation in the near future, with insufficient cost support, weak demand in the downstream, limited enthusiasm for lithium hydroxide procurement, and rigid demand procurement. It is expected that the market of lithium hydroxide in the industrial level will be in weak and stable operation in the short term.