Price trend

According to the data of SunSirs, as of March 25, the average price of domestic industrial-grade lithium hydroxide from enterprises was 478,666.66 RMB/ton, an increase of 4.06% compared with the price on Monday, and an increase of 13.97% compared with the price on February 25, and an increase of 137.36% in a three-month cycle.

Analysis review

The lithium hydroxide market was up this week. Recently, the price of spodumene in the upstream was high, and the cost pressure was still there. Some devices were overhauled, and the downstream procurement was active. The market demand was steadily increasing. The supply and demand pattern was tight to support the market. Holders did not have strong intention to sell goods at low prices, and the focus of lithium hydroxide market discussions went up.

Upstream lithium carbonate, according to the data monitoring of SunSirs: in the first quarter, the prices of industrial-grade and battery-grade lithium carbonate were still in a sharply higher range, with a price increase of about 80% in three months. On March 25, the reference price of lithium carbonate was 480,000.00 RMB/ton, an increase of 6.76% compared with the price on March 1 (449,600.00 RMB/ton).

Market outlook

The lithium hydroxide analyst of SunSirs believes that the current price of raw materials is high, the cost still has support for the market, and the spot supply and demand in the market are in a tight balance. It is expected that in the short term, the domestic lithium hydroxide market may run strongly.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com