Monthly Lithium Market Report Oct 2020
2020-11-13 19:47:21 【Print】
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Market Highlights
In November, thanks to increasing transactions on the LNCMO and LFP markets in China, the Chinese lithium carbonate market saw active trading activities. Further affected by the fact that in Q4 some lithium salt producers in West China began to cut production slightly, some lithium salt producers held tight spot materials and therefore raised their prices. The lithium hydroxide market fell into notably differing parts, since major suppliers received steady orders while West China witnessed over-supply of lithium hydroxide on the whole; so some suppliers cut their prices in order to promote sales, leading to decreasing prices for lithium hydroxide.
On the power auto market, end demand continued to grow; meanwhile, prices for raw material lithium carbonate moved up. But as downstream clients cut their target prices to quite low levels, this month LNCMO prices lacked upward momentum and prices for the material edged down.
This month, the 3C market did not see notable decreases in transactions; further underpinned by stable prices for raw material cobalt tetroxide, LCO prices stayed relatively stable.
In November, thanks to increasing transactions on the LNCMO and LFP markets in China, the Chinese lithium carbonate market saw active trading activities. Further affected by the fact that in Q4 some lithium salt producers in West China began to cut production slightly, some lithium salt producers held tight spot materials and therefore raised their prices. The lithium hydroxide market fell into notably differing parts, since major suppliers received steady orders while West China witnessed over-supply of lithium hydroxide on the whole; so some suppliers cut their prices in order to promote sales, leading to decreasing prices for lithium hydroxide.
On the power auto market, end demand continued to grow; meanwhile, prices for raw material lithium carbonate moved up. But as downstream clients cut their target prices to quite low levels, this month LNCMO prices lacked upward momentum and prices for the material edged down.
This month, the 3C market did not see notable decreases in transactions; further underpinned by stable prices for raw material cobalt tetroxide, LCO prices stayed relatively stable.
