Lithium hydroxide total production is up at the same time, how will it change in December?
Dec,12,24
According to SMM, in November 2024, domestic lithium hydroxide production decreased slightly by less than 3% from the previous month and increased by 43% year-on-years.
On the supply side, in terms of the types of raw material, the decline in smelting is even greater, with a year-on-year decrease of about 3%. Recently, the price of lithium hydroxide in individual smelters is at a low level, and flexible production line are beneficial to the output of lithium carbonate, which will bring some reduction to the overall output of lithium hydroxide. In addition, most other manufacturers produce according to orders, and their overall performance is relatively stable. As for caustic soda, because there are not many caustic soda manufacturers left in the market, they produced in November according to OEM orders and downstream demand, and the overall output has not changed much.
In terms of demand, in the past two months, due to factors such as better sales of vehicle models and the rush to install ternary power overseas, the market demand for ternary materials with medium and high nickel has increased locally, making the output of medium and high nickel increase by about 10% in November compared with last month and 45% compared with last November. It is expected that orders will also have a slight growth trend in December.
On the export side, customs data show that the export volume of lithium hydroxide in China reached 7,831.04 tons in October, down 38% from the previous month and about 24% year-on-year. Among them, the export to South Korea and Japan reached 5770.75 tons and 1695.96 tons respectively, accounting for 73.69% and 21.66% of China's total exports in that month, respectively, down by 43.76% and 17.78% compared with the same period of last year, with a decrease of 8.52% and 38.32% respectively. 9-10 overseas ternary material production compared to July-August has been reduced, superimposed on the overseas also presents the lithium hydroxide Accumulation of the situation, in October on the lithium hydroxide imports fell by a large margin. From the scheduling point of view, in November-December overseas medium and high nickel ternary material production has improved, and the export volume level is expected to rise slightly.
In a word, in November, the demand increased slightly under the condition of weak supply reduction, and it showed a slight accumulation in the month. From the December scheduling point of view, individual lithium salt smelting end of the large factory OEM orders to reduce, superimposed on the demand for lithium carbonate in the case of better flexible production line production of carbonic acid power to enhance, resulting in lithium hydroxide market production has a large change. It is estimated that the output will decrease by more than 15% in December, with a year-on-year increase of less than 25%, and the balance of the whole month will be tight.