I. price trend of lithium hydroxide:

The average price of lithium hydroxide as of October 25 was 69333.33 yuan / ton, according to the data in the business club’s bulk list. The market of lithium hydroxide was dominated by stable operation, and the quotations of some enterprises fell, 1.89% lower than that at the beginning of the week, and 2.71% lower than that on September 25.

II. Market analysis:

Product: the market price of lithium hydroxide fell this week. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 68000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 66000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Chenli new material is 66000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 74000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of aiheng (Shanghai) Intelligent Technology Co., Ltd. is 74000 yuan / ton. The price is 64000 yuan / ton. The specific price will be discussed separately.

Industry chain: the upstream lithium carbonate market price fell (10.21-10.25) this week, up or down by – 0.37%. In the near future, the market of lithium carbonate has been weak and consolidated, and the downstream industries mainly need to prepare goods.

Industry: according to the price monitoring of the business agency, in the 42nd week of 2019 (10.21-10.25), there are 10 kinds of commodities rising month on month in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are epichlorohydrin (8.05%), sulfur (5.05%) and sulfuric acid (4.88%). There are 41 kinds of commodities decreased on a month-on-month basis, 4 kinds of commodities decreased by more than 5%, accounting for 4.8% of the number of commodities monitored in this sector; the top three products decreased were formaldehyde (37%) (- 9.21%), nitric acid (- 8.62%), acetic acid (- 5.29%). This week’s average was – 0.85%.

3. Future forecast:

Analysts of lithium hydroxide of business club think that the weak price of upstream lithium carbonate is stable and wait-and-see, which has certain support for lithium hydroxide. Lithium hydroxide suppliers produce on demand, and it is expected that in the short term, the industrial lithium hydroxide Market will be dominated by weak consolidation.