Monthly Lithium Market Report Nov 2021
2021-12-03 18:29:14 【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 industrial grade lithium carbonate 99%min prices kept stable in the beginning of November due to consumers' wait-and-see attitudes towards market, then the prices kept increasing till end of the month owing to the rising prices of raw material. The market witnessed tight supply in the end of the month.
Encouraged by soaring spodumene prices and producers' optimistic attitudes towards the demand outlook, Chinese battery grade lithium carbonate 99.5%min prices moved up in November. Consumers had difficulties in replenishing stocks due to the tight supply.
The Chinese lithium hydroxide 56.5%min and lithium hydroxide 56.5%min, magnet 0.0001%max (battery grade) market saw steady prices in November due to the weak demand of downstream market under such high prices. .
Owing to the strong demand and rising lithium carbonate prices, Chinese LFP prices edged up in November. Consumers purchased as planned.
Following with rising prices of raw material but weak demand, Chinese LNCMO prices kept flat in November. Consumers purchased for immediate use.
Chinese LCO prices kept stable in the first half of November because of the weak demand but high prices of raw material while suppliers kept lifted their prices in the second half of the month under the rising prices of lithium carbonate and cobalt tetroxide.
Chinese industrial grade lithium carbonate 99%min prices kept stable in the beginning of November due to consumers' wait-and-see attitudes towards market, then the prices kept increasing till end of the month owing to the rising prices of raw material. The market witnessed tight supply in the end of the month.
Encouraged by soaring spodumene prices and producers' optimistic attitudes towards the demand outlook, Chinese battery grade lithium carbonate 99.5%min prices moved up in November. Consumers had difficulties in replenishing stocks due to the tight supply.
The Chinese lithium hydroxide 56.5%min and lithium hydroxide 56.5%min, magnet 0.0001%max (battery grade) market saw steady prices in November due to the weak demand of downstream market under such high prices. .
Owing to the strong demand and rising lithium carbonate prices, Chinese LFP prices edged up in November. Consumers purchased as planned.
Following with rising prices of raw material but weak demand, Chinese LNCMO prices kept flat in November. Consumers purchased for immediate use.
Chinese LCO prices kept stable in the first half of November because of the weak demand but high prices of raw material while suppliers kept lifted their prices in the second half of the month under the rising prices of lithium carbonate and cobalt tetroxide.
