Lithium hydroxide price cut on August 20

I. Lithium hydroxide price trend:

According to the data from the business associations’list, as of August 20, the price of lithium hydroxide has been lowered. At present, the mainstream price of domestic industrial lithium hydroxide is about 66000-78000 yuan/ton, which is 1.30% lower than last Tuesday (August 13) and 4.00% lower than July 20.

II. Market analysis:

Products: Lithium hydroxide market price down. The output of the manufacturer is gradually increasing, but the terminal demand is weak, the enthusiasm for stock-up is not high, and the atmosphere of market wait-and-see is strong. At present, Shanghai Yulun industrial grade lithium hydroxide is quoted as 78,000 yuan/ton, Zigong Tongfarong industrial grade lithium hydroxide is quoted as 74,000 yuan/ton, Shanghai Oujin industrial grade lithium hydroxide is quoted as 76,000 yuan/ton, Shanghai Chen lithium new material industrial grade lithium hydroxide is quoted as 74,000 yuan/ton, and Aiheng lithium hydroxide is quoted as 74,000 yuan/ton.（ Shanghai) Intelligent technology industrial grade lithium hydroxide is quoted at 66000 yuan/ton, the specific transaction price is a single fact.

Industry chain: Upstream lithium carbonate prices were stable until 20 days, and the market lacked strong support.

Industry: According to the price monitoring of business associations, on August 20, 2019, there were 12 kinds of commodities rising annually in the chemical sector. The top three commodities were acetic acid (2.62%), ethylene oxide (2.56%) and isopropanol (2.33%). There are 16 kinds of products with a decline of more than 5%, accounting for 2.4% of the monitored products in this sector. The products with the first three declines are epichlorohydrin (-7.43%), sulfur (-5.48%) and nitric acid (-4.92%). The average increase and decrease on the 20th day was -0.15%.

3. Future market forecast:

Lithium hydroxide analysts believe that the production capacity of lithium hydroxide has increased recently, but the terminal demand is low and the contradiction between supply and demand is still prominent. In the short term, lithium hydroxide Market is expected to be dominated by weak consolidation.