Lithium Market Report August 2013

In general, lithium salts prices continued to decline in August.Asian Metal Copyright31kg in H1.Asian Metal Copyright During this month, downstream industries were in the off season and most consumers cut their output, so the stock pressure of producers increased.Asian Metal Copyright However, demand shrank in August and inventory pressure for manufacturers increased, which resulted in low sentiment and lower prices.Asian Metal Copyright Those large-sized producers, who tried to stabilize prices previously had to reduce prices to maintain market share. In the first half of 2013, lithium hydroxide market maintained firm and some producers reported that the average selling price of lithium hydroxide was RMB45/kg (USD7.31/kg) in H1.Asian Metal Copyright .Asian Metal Copyright However, demand shrank in August and inventory pressure for manufacturers increased, which resulted in low sentiment and lower prices.Asian Metal Copyright .Asian Metal Copyright At the same time, since lithium chloride price kept firm, and there are only several lithium metal producers, lithium metal prices were steady in August.
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