Monthly Lithium Market Report Nov 2020
2020-12-15 19:42:06 【Print】
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Market Highlights
This month, downstream LFP and power LNCMO markets still showed strong demand for lithium carbonate; moreover, downstream clients worried that prices might rise further and therefore showed increasing interest in making purchases. Further affected by the fact that producers in West China cut production, the lithium carbonate market continued to see tight spot supply, and lithium salt producers raised quotations notably and held back from selling, leading to rising market prices for lithium carbonate. The lithium hydroxide market still saw limited spot deals and prices for the material were relatively stable.
On the power auto market, compared with in Q3, the minor power market weakened and this month major LNCMO suppliers maintained steady orders. Except a few suppliers who sold the material at lower prices, major LNCMO suppliers kept their price firm owing to rising lithium carbonate prices.
This month, the 3C market was in off season, and major LCO suppliers saw their sales decreasing slightly. But over the past month prices for raw material cobalt tetroxide were stable and lithium carbonate prices moved up notably, so LCO prices stayed firm.
This month, downstream LFP and power LNCMO markets still showed strong demand for lithium carbonate; moreover, downstream clients worried that prices might rise further and therefore showed increasing interest in making purchases. Further affected by the fact that producers in West China cut production, the lithium carbonate market continued to see tight spot supply, and lithium salt producers raised quotations notably and held back from selling, leading to rising market prices for lithium carbonate. The lithium hydroxide market still saw limited spot deals and prices for the material were relatively stable.
On the power auto market, compared with in Q3, the minor power market weakened and this month major LNCMO suppliers maintained steady orders. Except a few suppliers who sold the material at lower prices, major LNCMO suppliers kept their price firm owing to rising lithium carbonate prices.
This month, the 3C market was in off season, and major LCO suppliers saw their sales decreasing slightly. But over the past month prices for raw material cobalt tetroxide were stable and lithium carbonate prices moved up notably, so LCO prices stayed firm.
