SunSirs: The Lithium Hydroxide Market Is Running Strongly

Price trend

According to the data from SunSirs’ bulk list, as of May 18, the average price of domestic enterprises industrial-grade lithium hydroxide was 86,666.67 RMB/ton, which was an increase of 0.39% compared with last Tuesday (May 11) and an increase of 7.88% compared with the price at the beginning of the month. Compared with that on April 18, it was an increase of 7.88%.

Analysis review

Recently, the overall trend of the domestic industrial-grade lithium hydroxide market is positive, and the cost side has support for the market, in addition, the spot supply is tight and the demand increases, which have driven the market upward. The company's offer is firm, and the focus of market negotiation is rising. According to the data monitoring of SunSirs: Shanghai Yulun Industrial industrial-grade Lithium Hydroxide is quoted at 92,000 RMB/ton; Zigong Tongfarong Industrial industrial-grade Lithium Hydroxide is quoted at 85,000 RMB/ton; Shanghai Oujin industrial-grade Hydroxide Lithium is quoted at 83,000 RMB/ton, and battery-grade lithium hydroxide is quoted at 86,000 RMB/ton. Merchants’ spot prices follow the market, and actual transaction prices are mainly negotiated.

Upstream lithium carbonate, according to the data monitoring of SunSirs, as of May 17, the average price of industrial-grade lithium carbonate in East China was 87,000 RMB/ton, compared with the beginning of the month (May 1st, the average price of industrial carbon in East China was 86,600 RMB/ton), the average price has increased by 0.46%. On May 17, the average price of battery-grade lithium carbonate in East China was 90,800 RMB/ton, which was 0.89% higher than the average price at the beginning of the month (the average price in East China on May 1 was 90,000 RMB/ton).

Market outlook

The Lithium Hydroxide analysts of SunSirs believe that, on the whole, the supports form supply and demand of the lithium hydroxide market has been strongly recently, and the transaction center has steadily moved up. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may run strongly, and the specific trend requires more attention to market news guidance.

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