Price trend
Recently, the market for industrial-grade lithium hydroxide has stabilized and increased. According to the data of SunSirs’ bulk list, as of January 19, the average price of domestic industrial-grade lithium hydroxide enterprises was 54,000 RMB/ton, which was an increase of 1.89% compared with last Tuesday (January 12). Compared with the 19th, it has increased by 3.85%.
Analysis review
Recently, the upstream lithium carbonate market has risen, coupled with the gradual improvement of the market supply and demand pattern, which has a certain positive boost to the market, and the industrial-grade lithium hydroxide market has stabilized and increased slightly. On the 19th, Shanghai Yulun Industrial’s industrial grade lithium hydroxide quotation was 53,000 RMB/ton; Zigong Tongfarong industrial grade lithium hydroxide quotation was 53,000 RMB/ton; Shanghai Oujin industrial grade lithium hydroxide quotation was 56,000 RMB/ton, the price of anhydrous lithium hydroxide was 150,000 RMB/ton, and the specific transaction price was discussed..
Upstream lithium carbonate, the price of lithium carbonate continued to rise recently. According to the data monitoring of SunSirs: on January 19, the average price of industrial-grade lithium carbonate in East China was 60,800 RMB/ton, an increase of 21.60% compared with the price at the beginning of the month. On January 19, the average price of battery-grade lithium carbonate in East China was 64,900 RMB/ton, an increase of 18.86% compared with the beginning of the month.
According to the price monitoring of SunSirs, on January 18, 2021, the chemical sector had a total of 25 commodities with a month-on-month rise in the commodity price list. Among them, there were 3 commodities with an increase of more than 5%, accounting for 3.3% of the monitored commodities in this sector. The top 3 commodities with an increase were bisphenol A (6.68%), DMF (6.12%), and formaldehyde (37%) (5.46%). There were 14 kinds of commodities that dropped from the previous month. The top 3 products were propane (-4.04%), hydrogen peroxide (-3.31%), and chloroform (-3.03%). The average daily increase and decrease was 0.36%.
Market outlook
Lithium hydroxide analysts of SunSirs believe that the upstream lithium carbonate market has risen recently, the raw material end support has strengthened, and the demand has increased. It is expected that the domestic industrial-grade lithium hydroxide market may be stable with rise in the short term, and more attention should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.