On November 25, the market for industrial-grade lithium hydroxide stabilized temporarily. According to data from SunSirs’ bulk list, as of November 25, the average price of domestic industrial-grade lithium hydroxide enterprises was 54,666.67 RMB/ton, which was the same as that of the previous trading day and the same as that of October 25. It was down 1.80% year-on-year for the cycle.
Recently, the upstream lithium carbonate price has risen, the cost support has risen, the domestic demand side has not improved significantly, the spot transaction is limited, and the market is running smoothly.
On the 25th, Shanghai Yulun Industrial Industrial Grade Lithium Hydroxide was quoted at 53,000 RMB/ton, and Zigong Tongfarong Industrial Grade Lithium Hydroxide was quoted at 53,000 RMB/ton. The specific transaction price would be negotiated. On November 24, the lithium hydroxide commodity index was 130.16, which was the same as previous day. It was 65.88% lower than the highest point of 381.48 points (2016-09-12) in the cycle, and 30.16% higher than the lowest point of 100.00 points on September 4, 2014. . (Note: Period refers to 2014-09-01 to present)
In the upstream of lithium carbonate, according to the price monitoring of SunSirs, the price of lithium carbonate in the East China market began to show a steady upward trend in November, and the price increase increased significantly until the end of the month. This month, the comprehensive price of industrial-grade lithium carbonate is between 38,000 and 45,000 RMB/ton, and the comprehensive price of battery-grade lithium carbonate is between 40,000 and 48,000 RMB/ton.
Lithium Hydroxide analysts of SunSirs believe that the price of upstream lithium carbonate has risen recently, cost support is obvious, and downstream demand is not good. It is expected that the industrial-grade lithium hydroxide market may operate stably in the short term, and more attention should be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with firstname.lastname@example.org