I. Lithium hydroxide price trend:
The average price of industrial lithium hydroxide as of October 11 was 70666.67 yuan per ton, which was the same as that of October 10. The market was stable for the time being, down by 0.93% compared with September 11, according to the data from the business associations’list. The mainstream price of domestic industrial lithium hydroxide Market was 68000-74000 yuan/ton on November 11.
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II. Market analysis:
Product: The market of lithium hydroxide was stable on the 11th. At present, the quotation for industrial grade lithium hydroxide in Shanghai is 68,000 yuan/ton, for industrial grade lithium hydroxide in Shanghai Oujin is 70,000 yuan/ton, for industrial grade lithium hydroxide in Shanghai Chen lithium material and for industrial grade lithium hydroxide in Shanghai is 69,000 yuan/ton, and for industrial grade lithium hydroxide in Zigong Tongfarong is 74,000 yuan/ton.
Industry chain: The price decline of lithium carbonate in the upstream has slowed down gradually, and weak consolidation is dominant. In the downstream traditional lubrication industry, the market demand is relatively stable.
3. Future market forecast:
Lithium hydroxide analysts at business associations believe that the recent slowdown in upstream lithium carbonate has some support for lithium hydroxide. Lithium hydroxide supply is abundant, downstream demand is relatively stable, manufacturers actively shipped, the pressure of new orders can not be ignored. It is expected that the lithium hydroxide Market will be dominated by weak and stable operation in the short term.