SunSirs: Lithium Hydroxide Market Rose in March

Price trend

In March, the domestic industrial-grade lithium hydroxide market firmed up and stabilized at a high level. According to the data of SunSirs’ bulk list, as of March 31, the average price of domestic industrial-grade lithium hydroxide enterprises was 75,000 RMB/ton, which was 15.98% higher than the price on March 1, up 44.23% in a three-month cycle, and an increase of 31.58% year-on-year.

Analysis review

In the first half of March, the support from cost side was strong, the market spot supply was tight, downstream companies actively inquired, and the demand side performance was acceptable, which boosted the mentality of manufacturers. The company's low-price shipment intention was not strong, and the market was very strong. The average price of the company rose to 75,000 RMB/ton. In the second half of March, companies mainly delivered pre-orders, downstream demand was relatively stable, and the market for industrial-grade lithium hydroxide was operating stably at a high level.

Upstream lithium carbonate, the price of lithium carbonate in East China market continued to rise steadily in March 2021. According to the price monitoring of SunSirs, as of March 31, the average price of industrial-grade lithium carbonate in East China was 86,800 RMB/ton, compared with the average price at the beginning of the month (the average price of Industrial Carbon in East China was 77,600 RMB/ton), the price rose by 11.86%.On March 31, the average price of battery-grade lithium carbonate in East China was 90,400 RMB/ton, which was 9.18% higher than the average price at the beginning of the month (the average price in East China on March 1 was 82,800 RMB/ton).

According to the price monitoring of SunSirs, in March 2021, there were a total of 56 commodities in the chemical sector of the commodity price list that have increased from the previous month, of which 33 commodities have increased by more than 5%, accounting for 35.9% of the number of monitored commodities in this sector; the top 3 commodities with an increase were chloroform (23.76%), silicone DMC (23.52%), and aniline (21.56%).There were 33 kinds of commodities that dropped from the previous month, and 20 kinds of commodities with a drop of more than 5%, accounting for 21.7% of the number of monitored commodities in this sector; the top 3 products with a drop were phthalic anhydride (-23.34%) and n-butanol (industrial grade) (-23.13%), isooctyl alcohol (-22.15%). The average increase or decrease this month was 2.07%.

Market outlook

The Lithium Hydroxide analyst of SunSirs believes that in April, the upstream lithium carbonate market will be stable, and the demand side will be relatively stable. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may be stable, and the specific trend requires more attention to market news guidance.

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