Lithium hydroxide market sees continuously steady price
2013-07-08 09:22:30 [Print]
BEIJING (Asian Metal) 8 Jul 13 - Though demand from oil grease sector keeps weak and lithium carbonate price goes down slightly, the supply of lithium hydroxide is not ample and a major lithium hydroxide producer in Xinjiang will stop production in October because of factory relocation, mainstream price of lithium hydroxide keeps stable at around RMB42.5-44.5/kg (USD6.88-7.20/kg).
A producer in Sichuan, whose output of lithium hydroxide is above 200tpm, reported to Asian Metal that they maintain their price of lithium hydroxide at around RMB44-44.5/kg (USD7.12-7.20/kg). According to the source, demand from oil grease industry is weak in summer, so it is not easy for them to sell. However, supply in lithium hydroxide market is not sufficient, and a major producer in Xinjiang will halt production in October due to factory relocation. Therefore, most lithium hydroxide producers insist on not reducing price though lithium carbonate market sees slight price decrease.
As for the future market, the source thinks that the price will probably keep at the current level in a short time.
A consumer in Tianjin disclosed that they bought a batch of lithium hydroxide at RMB44/kg (USD7.12/kg) several days ago. The source whose consumption of lithium hydroxide is 100tpm, expressed that the sluggish season of oil grease comes, but lithium hydroxide price keeps firm as all his suppliers refuse to lower price at the moment.
According to him, a major lithium hydroxide producer in Xinjiang will stop supplying raw materials in October or at the end of 2013, and the piece of news supports lithium hydroxide price to some extent.
A producer in Sichuan, whose output of lithium hydroxide is above 200tpm, reported to Asian Metal that they maintain their price of lithium hydroxide at around RMB44-44.5/kg (USD7.12-7.20/kg). According to the source, demand from oil grease industry is weak in summer, so it is not easy for them to sell. However, supply in lithium hydroxide market is not sufficient, and a major producer in Xinjiang will halt production in October due to factory relocation. Therefore, most lithium hydroxide producers insist on not reducing price though lithium carbonate market sees slight price decrease.
As for the future market, the source thinks that the price will probably keep at the current level in a short time.
A consumer in Tianjin disclosed that they bought a batch of lithium hydroxide at RMB44/kg (USD7.12/kg) several days ago. The source whose consumption of lithium hydroxide is 100tpm, expressed that the sluggish season of oil grease comes, but lithium hydroxide price keeps firm as all his suppliers refuse to lower price at the moment.
According to him, a major lithium hydroxide producer in Xinjiang will stop supplying raw materials in October or at the end of 2013, and the piece of news supports lithium hydroxide price to some extent.
Lithium Carbonate 99.5%min CIF China
Unit:USD/kg
China lithium carbonate 99%min producers' inventory to production ratio statistics by province by month
Unit: %
