Lithium hydroxide: trying to take a different path from lithium carbonate

In terms of price, the price of lithium hydroxide and coarse grain showed a slow rise this week. Compared with last week, there was an increase of around 200 yuan per ton. On the supply side, most lithium salt factories have a clear attitude of price support, and the selling mood is high. In addition to the increase of LTA discount this month, the price of bulk order is 70 thousand yuan/ton and above. Demand side does have some LTA and customer supply in the near future, in addition, there is a large number of single-stocking demand. Based on the price competition attitude of suppliers, the transaction price has risen slightly, thus pushing the market transaction price upward. In addition, the market for the new year on the progress of the signing of the LTA, most of the upstream and downstream for the discount did not reach a consensus, still in the game. Based on the following supply and demand conditions and production costs, it is expected that the price of lithium hydroxide will continue to fluctuate in the range.

In terms of production, individual manufacturers are arranging production reduction and maintenance plans for the supply at the beginning of this month. Judging from the latest situation this week, the supply level has dropped by about 18% compared to last month, which is basically in line with expectations.

In terms of demand, it is expected that Sanyuan Material Factory will increase slightly in December compared with November, which is in line with expectations.

Inventory, upstream and downstream lithium hydroxide inventory in November combined less than 2 months, and in this month's supply reduction demand slightly increased, there is a trend of de-stocking.