Monthly Lithium Market Report Aug 2020
2020-09-15 18:37:25 【Print】
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Market Highlights
Since July LNCMO producers began to receive increasing orders; accordingly the lithium carbonate market saw better transactions and major producers raised their lithium carbonate prices owing to tight supply. There was only a limited number of suppliers and consumers on the Chinese high-nickel LNCMO market, so lithium hydroxide suppliers made limited spot sales and prices for the material stayed relatively stable.
On the power car market, power car sales increased MOM and demand for LNCMO grew slightly. Further underpinned by rising prices for raw material cobalt sulfate and nickel sulfate, LNCMO prices moved up.
The 3C market saw active transactions; further underpinned by firm prices for raw material lithium carbonate and cobalt tetroxide, LCO prices moved up.
Since July LNCMO producers began to receive increasing orders; accordingly the lithium carbonate market saw better transactions and major producers raised their lithium carbonate prices owing to tight supply. There was only a limited number of suppliers and consumers on the Chinese high-nickel LNCMO market, so lithium hydroxide suppliers made limited spot sales and prices for the material stayed relatively stable.
On the power car market, power car sales increased MOM and demand for LNCMO grew slightly. Further underpinned by rising prices for raw material cobalt sulfate and nickel sulfate, LNCMO prices moved up.
The 3C market saw active transactions; further underpinned by firm prices for raw material lithium carbonate and cobalt tetroxide, LCO prices moved up.
