Lithium Market Report December 2016

With the year-end approaching, demand for lithium carbonate in the Chinese market dwindled gradually.Asian Metal Copyright In terms of the outlook, as the traditional Chinese Spring Festival is coming and downstream demand will gradually dwindle as customers eventually finish restocking before the holiday, market participants therefore anticipate that prices for Chinese lithium salts will remain stable in January.Asian Metal Copyright However, as lithium carbonate outputs in Qinghai declined for weather reasons while supply of lithium ore in South China plunged following the implementation of strict environmental measures, and prices for lithium carbonate rose in December.Asian Metal Copyright In terms of the outlook, as the traditional Chinese Spring Festival is coming and downstream demand will gradually dwindle as customers eventually finish restocking before the holiday, market participants therefore anticipate that prices for Chinese lithium salts will remain stable in January.Asian Metal Copyright With regard to lithium hydroxide monohydrate, downstream demand gradually weakened while supply in the market remained stable; therefore, it was anticipated that prices for the material would decline in the near future.Asian Metal Copyright However, as lithium carbonate outputs in Qinghai declined for weather reasons while supply of lithium ore in South China plunged following the implementation of strict environmental measures, and prices for lithium carbonate rose in December.Asian Metal Copyright Turning to lithium metal and lithium chloride, both demand and prices remained unchanged, leading to stable trading activity in the market.Asian Metal Copyright In terms of the outlook, as the traditional Chinese Spring Festival is coming and downstream demand will gradually dwindle as customers eventually finish restocking before the holiday, market participants therefore anticipate that prices for Chinese lithium salts will remain stable in January.Asian Metal Copyright In the case of lithium cobalt oxide, stable downstream demand as well as the dramatic rise in the price of the raw material, cobalt tetroxide, meant prices for the material also rose substantially, and with some customers who were worried that prices would continue to rise showing strong interest in restocking the material, this in turn spurred further market activity.Asian Metal Copyright Turning to lithium metal and lithium chloride, both demand and prices remained unchanged, leading to stable trading activity in the market.Asian Metal Copyright In terms of the outlook, as the traditional Chinese Spring Festival is coming and downstream demand will gradually dwindle as customers eventually finish restocking before the holiday, market participants therefore anticipate that prices for Chinese lithium salts will remain stable in January.
.Asian Metal Copyright Turning to lithium metal and lithium chloride, both demand and prices remained unchanged, leading to stable trading activity in the marketAsian Metal Copyright