On January 9, the market of lithium hydroxide kept stable

1、 Price trend of lithium hydroxide:

 

The average price of lithium hydroxide as of January 9 was 57666.67 yuan / ton, the same as that of yesterday, according to the data in the bulk list of business agencies. In a three-month cycle, it fell 18.40% year-on-year. On January 8, the lithium hydroxide commodity index was 137.30, which was the same as that on July 7, 64.01% lower than the highest point of 381.48 (2016-09-12), and 37.30% higher than the lowest point of 100.00 on September 4, 2014. (Note: cycle refers to 2014-09-01 to now)

 

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2、 Market analysis:

 

Product: on January 9, the market of lithium hydroxide kept stable. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 60000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 55000 yuan / ton. The specific price will be discussed in a single way.

 

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Industry chain: Recently, the upstream lithium carbonate market is in a weak consolidation operation. The price of industrial grade lithium carbonate (1.1-1.8) fell by 2.70%, while the price of battery grade lithium carbonate (1.1-1.8) fell by 0.78%. On January 8, the lithium carbonate commodity index was 110.06, the same as on July 7, down 72.83% from 405.10 (2018-01-07), the highest point in the cycle, and up 11.69% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now) it is reported that the inventory of lithium salt manufacturers in the domestic market has declined, but the overall market supply is still relatively surplus. In the lower reaches of lithium carbonate, small orders are mainly purchased, and the demanders are willing to press the price strongly, and the market transaction is weak. Near the end of the year, in order to reduce the inventory level and collect funds, some lithium carbonate enterprises have strong willingness to ship goods actively. At present, the market lacks strong support of favorable factors, and the downstream wait-and-see atmosphere is strong.

 

3、 Future forecast:

 

According to the lithium hydroxide analyst of business club, the upstream lithium carbonate market is weak in operation, and the cost support is also weak. The current operating rate of lithium hydroxide is low, and the firm price mentality is obvious. The downstream is mainly stocked in small quantities, and the trading atmosphere is light. It is expected that the lithium hydroxide Market will be stable in the short term.

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