Monthly Lithium Market Report Dec 2020
2021-01-14 18:06:31 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Market Highlights
This month, downstream LNCMO and LFP markets still showed strong demand for lithium carbonate, and downstream consumers' interest in making purchases was further strengthened by their worry that prices might rise further. Meanwhile, many suppliers in West China cut production, further leading to tightness in lithium carbonate supply on the spot market. Lithium salt producers therefore raised their quotations dramatically and held back from selling, so market prices for lithium carbonate moved up. The lithium hydroxide market saw still limited deals and prices for the material were relatively stable.
On the power auto market, the minor power market saw decreasing deals compared with in Q3, and this month major LNCMO suppliers held steady orders. Except a few suppliers who made sales at low prices, major LNCMO suppliers raised their quotations as a result of continuously rising prices for raw material lithium carbonate.
This month, the digital 3C market was in the off season, so major LCO suppliers' sales decreased slightly compared with in November. But since prices for raw material cobalt tetroxide did not change greatly while lithium carbonate prices moved up notably in the past month, LCO prices stayed firm this month.
This month, downstream LNCMO and LFP markets still showed strong demand for lithium carbonate, and downstream consumers' interest in making purchases was further strengthened by their worry that prices might rise further. Meanwhile, many suppliers in West China cut production, further leading to tightness in lithium carbonate supply on the spot market. Lithium salt producers therefore raised their quotations dramatically and held back from selling, so market prices for lithium carbonate moved up. The lithium hydroxide market saw still limited deals and prices for the material were relatively stable.
On the power auto market, the minor power market saw decreasing deals compared with in Q3, and this month major LNCMO suppliers held steady orders. Except a few suppliers who made sales at low prices, major LNCMO suppliers raised their quotations as a result of continuously rising prices for raw material lithium carbonate.
This month, the digital 3C market was in the off season, so major LCO suppliers' sales decreased slightly compared with in November. But since prices for raw material cobalt tetroxide did not change greatly while lithium carbonate prices moved up notably in the past month, LCO prices stayed firm this month.
