Monthly Lithium Market Report Jan 2021
2021-02-04 18:09:26 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Chinese lithium carbonate spot market saw tighter supply in January 2021 as the supply for the material declined caused by the fact that some producers cut production or conducted equipment maintenance while the demand in the market increased further against the backdrop that major domestic LFP suppliers saw saturated orders. Meanwhile, domestic lithium hydroxide suppliers also raised their prices supported by higher prices for both lithium carbonate and spodumene although the demand just increased slightly.
Thanks to more sales for power autos, Chinese LNCMO suppliers saw saturated orders in January 2021. Furthermore, prices for raw materials lithium carbonate and precursor both went up. As a result, Chinese LNCMO suppliers raised their prices in January 2021.
Major Chinese battery companies finished refilling LCO stocks in January 2021 and the domestic LCO market saw limited deals. However, LCO prices went up sharply during the month supported by obvious increase of prices for raw materials lithium carbonate and cobalt tetroxide.
Chinese lithium carbonate spot market saw tighter supply in January 2021 as the supply for the material declined caused by the fact that some producers cut production or conducted equipment maintenance while the demand in the market increased further against the backdrop that major domestic LFP suppliers saw saturated orders. Meanwhile, domestic lithium hydroxide suppliers also raised their prices supported by higher prices for both lithium carbonate and spodumene although the demand just increased slightly.
Thanks to more sales for power autos, Chinese LNCMO suppliers saw saturated orders in January 2021. Furthermore, prices for raw materials lithium carbonate and precursor both went up. As a result, Chinese LNCMO suppliers raised their prices in January 2021.
Major Chinese battery companies finished refilling LCO stocks in January 2021 and the domestic LCO market saw limited deals. However, LCO prices went up sharply during the month supported by obvious increase of prices for raw materials lithium carbonate and cobalt tetroxide.
