SunSirs: Lithium Hydroxide Market Rose (May 8-11)
May 12 2023 10:46:36 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 11th, the average price of industrial grade lithium hydroxide enterprises in China was 263,750.00 RMB/ton, an increase of 7.65% compared to Monday's price.
Analysis review
The domestic industrial grade lithium hydroxide market rose this week (5.8-5.11). Recently, the upstream lithium carbonate market had continued to rise, gradually increasing support for the lithium hydroxide market. In addition, downstream demand had improved, and the market had a supportive attitude towards price. The focus of negotiations in the lithium hydroxide market had increased.
As for upstream lithium carbonate, according to the commodity market analysis system of SunSirs, the market price of lithium carbonate rose recently. On May 10, the reference price of lithium carbonate industrial grade was 209,000.00 RMB/ton, up 20.11% from May 1 (174,000.00 RMB/ton); On May 10th, the reference price for lithium carbonate battery grade was 235,000.00 RMB/ton, an increase of 17.5% compared to May 1st (200,000.00 RMB/ton).
Market outlook
Lithium hydroxide analysts from SunSirs believe that the recent strong cost support in the lithium hydroxide market has boosted the mindset of businesses, and the supply and demand support is still acceptable. It is expected that in the short term, the domestic lithium hydroxide market may operate stronger, and more attention needs to be paid to market news guidance.
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