Monthly Lithium Market Report Feb 2020
2020-03-17 17:54:16 【Print】
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Market Highlights
Except lithium chemical producers in Qinghai and Sichuan who did not suspend production during the Spring Festival holiday, most lithium carbonate producers in China put off their resumption plans. Producers holding tight stocks raised their prices and there were notable increases seen in industrial grade lithium carbonate prices, but prices for battery grade lithium carbonate stayed relatively stable.
Major lithium hydroxide producers in China sold majority of their products on the export market; affected by increasing freight rates during the coronavirus period, major Chinese producers raised their selling prices on the Chinese spot market.
On the power car market, as the end market saw sluggish trading activities, most battery plants kept low operating rates and were inactive in purchasing LNCMO. LNCMO prices followed cobalt sulfate prices to edge up.
The 3C market was in the off season; affected by the coronavirus, most battery producers put off reoperation plans, and the LCO market saw limited transactions and prices for the material followed cobalt tetroxide to rise.
Demand for lithium metal had not recovered; and the lithium metal market saw limited transactions and relatively stable prices.
Except lithium chemical producers in Qinghai and Sichuan who did not suspend production during the Spring Festival holiday, most lithium carbonate producers in China put off their resumption plans. Producers holding tight stocks raised their prices and there were notable increases seen in industrial grade lithium carbonate prices, but prices for battery grade lithium carbonate stayed relatively stable.
Major lithium hydroxide producers in China sold majority of their products on the export market; affected by increasing freight rates during the coronavirus period, major Chinese producers raised their selling prices on the Chinese spot market.
On the power car market, as the end market saw sluggish trading activities, most battery plants kept low operating rates and were inactive in purchasing LNCMO. LNCMO prices followed cobalt sulfate prices to edge up.
The 3C market was in the off season; affected by the coronavirus, most battery producers put off reoperation plans, and the LCO market saw limited transactions and prices for the material followed cobalt tetroxide to rise.
Demand for lithium metal had not recovered; and the lithium metal market saw limited transactions and relatively stable prices.
