1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

Product: according to the data of the bulk list of the business agency, the market of lithium hydroxide is running smoothly this week. By the end of 22 days, the average price of domestic industrial lithium hydroxide enterprises was 55666.67 yuan / ton, which was the same as that at the beginning of the week, down 2.34% compared with that on April 22. On Tuesday, Shanghai Yulun industrial grade lithium hydroxide offered 56000 yuan / ton, Shanghai oujin industrial grade lithium hydroxide offered 58000 yuan / ton, Zigong tongfarong industrial grade lithium hydroxide offered 53000 yuan / ton. The specific transaction price is a single negotiation.

Industry chain: according to the data in the business club’s bulk list, the market of lithium carbonate this week (5.18-5.22) is weak and stable. According to the price monitoring of the business agency, the average price of industrial lithium carbonate in East China on May 22 was 41200 yuan / ton, down 0.96% compared with the beginning of the week; the average price of battery lithium carbonate in East China on May 22 was 45200 yuan / ton, down 1.31% compared with the beginning of the week. 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. At present, the downstream inquiry has increased slightly, but the new order transaction is limited, the market shipment has not improved significantly, and the demand side is still weak. It is expected that the price of lithium carbonate will be weak and stable in the short term.

Industry: according to the price monitoring of the business agency, in the 20th week of 2020 (5.18-5.22), there are 32 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 5 kinds of commodities with a rise of more than 5%, accounting for 5.6% of the number of commodities monitored in the sector; the top three commodities are crude benzene (11.37%), chloroform (9.52%) and hydrogen peroxide (7.11%). There are 24 kinds of commodities with a decline in the aspect ratio, and the top three products are polysilicon (- 4.49%), light soda (- 3.75%) and aniline (- 3.60%). This week’s average was 0.74%.

3、 Future forecast:

According to analysts of lithium hydroxide of business association, the market of upstream lithium carbonate is weak and stable in the near future, and the support of cost to lithium hydroxide is also weak. The demand of downstream is weak and the inquiry is relatively light. It is expected that the market of industrial lithium hydroxide will be weak and stable in the near future.