I. Lithium hydroxide price trend:
According to the data from the business associations’list, as of August 9, the price of lithium hydroxide has been lowered. At present, the mainstream price of domestic industrial lithium hydroxide is around 74000-80000 yuan/ton, which is 0.43% lower than that at the beginning of the week.
II. Market analysis:
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Products: Lithium hydroxide market price down. The output of the manufacturer has gradually increased, the downstream demand has not substantially improved, and the market has a strong wait-and-see atmosphere. At present, Shanghai Yulun industrial grade lithium hydroxide is quoted at 80,000 yuan/ton, Zigong Tongfarong industrial grade lithium hydroxide is quoted at 74,000 yuan/ton, and Shanghai Oujin industrial grade lithium hydroxide is quoted at 77,000 yuan/ton. The specific price is one-sided.
Industry chain: The overall market price of lithium carbonate in the upstream is down. Battery-grade lithium carbonate is affected by the poor demand of power market. The price of battery-grade lithium carbonate declines significantly, with a weekly rise and fall of -4.41%. Industrial-grade lithium carbonate demand is relatively stable, but the increase of supply leads to a large price fluctuation, with a weekly rise and fall of -3.13%.
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Industry: According to the price monitoring of business associations, in the 31 st week of 2019 (8.5-8.9), there were 16 commodities rising annually in the chemical sector, of which 2 commodities increased by more than 5%, accounting for 2.4% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (12.69%), acetic anhydride (10.50%) and butadiene (4.20%). There are 36 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are yellow phosphorus (-22.73%), sulfur (-5.81%) and propylene (-4.45%). Average gains and losses this week were -0.41%.
3. Future market forecast:
Lithium hydroxide analysts at business associations believe that the market price of upstream lithium carbonate has fallen and the cost support of lithium hydroxide has weakened. The market supply is gradually increasing, the downstream demand has not substantially improved, and the follow-up of lithium hydroxide is insufficient. It is expected that in the short term, the market of lithium hydroxide will be dominated by weak operation.
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