1、 Price trend of lithium hydroxide
(Figure: P value curve of lithium hydroxide products)
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2、 Market analysis
On August 26, the market of industrial grade lithium hydroxide stabilized temporarily. As of August 26, 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. At present, the spot market of lithium hydroxide is sporadic, and the market of industrial grade lithium hydroxide is mainly stable. The commodity index of lithium hydroxide on August 25 was 130.16, flat with yesterday, 65.88% lower than 381.48 (2016-09-12), and 30.16% higher than 100.00, the lowest point on September 04, 2014. (Note: period refers to 2014-09-01 to now)
According to customs statistics, in June 2020, China’s import volume of lithium hydroxide was 109.27 tons, the import amount of that month was about 760000 US dollars, and the average import price of that month was 6914.39 US dollars / ton; in June 2020, China’s export volume of lithium hydroxide was 4350.46 tons, the export amount of that month was about 40.98 million dollars, and the average export price of that month was 9420.3 dollars / ton.
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According to the price monitoring of the upstream lithium carbonate, the overall price of lithium carbonate in East China market slightly increased in August. The industrial carbon price showed a small rise, but the electricity carbon price remained stable this month. As of August 26, the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton, which was 300 yuan / ton higher than that at the beginning of the month (the average price of industrial carbon in East China was 39700 yuan / ton on August 1), an increase of 0.76%. On August 26, the average price of battery grade lithium carbonate in East China was 44900 yuan / ton, which remained stable compared with the average price at the beginning of the month (August 1: the average price of carbon in East China was 44900 yuan / ton).
3、 Future forecast
Business Club lithium hydroxide analysts believe that the price of upstream lithium carbonate has been slightly explored in the near future, the cost side has a certain support, and the inquiry of industrial grade lithium hydroxide is general. It is expected that the industrial grade lithium hydroxide Market will be stable in the short term.
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