Price trend

According to the monitoring data of SunSirs, as of August 22, the average price of domestic industrial-grade lithium hydroxide enterprises was 475,000.00 RMB/ton, which was the same as the price on last Tuesday (August 16). Compared with the price on July 22, it increased by 0.35%, and increased by 2.52% in a three-month cycle.

Analysis review

Recently (8.16-8.22), the domestic industrial-grade lithium hydroxide market has been running steadily. The price of upstream lithium carbonate has risen slightly recently, which has certain support for the lithium hydroxide market. Overseas demand for lithium hydroxide increased slightly, the lithium hydroxide market remained stable, and traders mainly shipped.

Upstream lithium carbonate, the price of lithium carbonate has risen slightly recently. According to the data monitoring of SunSirs: on August 22, the reference price of lithium carbonate was 464,400.00 RMB/ton, which increased by 0.74% compared with August 1 (461,000.00 RMB/ton).

Market outlook

Lithium hydroxide analysts from SunSirs believe that the current demand is temporarily stable and the market sentiment is acceptable. It is expected that in the short term, driven by the upstream lithium carbonate market, the domestic industrial-grade lithium hydroxide market price may be stable and strong, and more attention should be paid to market news guidelines.

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