SunSirs: Lithium Hydroxide Market Was Firm Up (December 1- 7)

Price trend

According to the data of SunSirs’ bulk list, as of December 7, the average price of domestic industrial-grade lithium hydroxide of enterprises was 174,666.67 RMB/ton, which was an increase of 0.96% compared with the price on December 1, and an increase of 21.58% in a three-month cycle.

Analysis review

The market for industrial-grade lithium hydroxide rose this week. Recently, the price of raw material spodumene had been operating strongly, the price of lithium carbonate had risen, and the cost support was obvious. The atmosphere of downstream inquiries and purchases had improved, and the demand had gradually recovered, which had driven the price of lithium hydroxide to rise steadily.

Upstream lithium carbonate, according to the data monitoring of SunSirs: on December 6, the average price of industrial-grade lithium carbonate in East China was 196,600 RMB/ton, an increase of 1.34% compared with the price at the beginning of the month. On December 6, the average price of battery-grade lithium carbonate in East China was 208,000 RMB/ton, an increase of 1.46% from the price at the beginning of the month. The price of lithium carbonate continued to rise this week. As the end of the year and the Spring Festival holiday are approaching one after another, manufacturers in the downstream industry have a strong sense of stocking, and the purchase price has been rising all the way, while the price of lithium carbonate in large manufacturers has followed the rise. In addition, overseas is gradually entering the New Year holiday, so port shipping schedules may be delayed, and market supply will also bring certain impacts and gaps.

Market outlook

Lithium hydroxide analysts believe that the current strong support on the cost side, coupled with the gradual recovery of the market trading atmosphere, supports the mentality of manufacturers. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may be strong mainly.

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