SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: The Lithium Hydroxide Market Is Running Firmly

February 02 2021 13:31:46     SunSirs (John)

Price trend

According to the data from SunSirs’ bulk list, as of February 1, the average price of domestic industrial-grade lithium hydroxide enterprises was 57,333.33 RMB/ton, which was an increase of 0.58% compared with last Monday (January 25) and it was an increase of 10.26% from the previous day.  

Analysis review

Recently, the domestic industrial-grade lithium hydroxide market has continued to run steadily. The upstream lithium carbonate price has continued to rise. Coupled with the downstream stocking before the holiday, the increase in enquiries and the increase in demand, the industry has no intention of lowering the price, and the focus of market negotiations has shifted upward. On February 1, the external quotation of Shanghai Yulun Industrial's industrial-grade lithium hydroxide was 58,000 RMB/ton; the external quotation of Zigong Tongfarong Industrial's industrial-grade lithium hydroxide was 53,000 RMB/ton; the quotation of Shanghai Oujin Industrial's industrial-grade lithium hydroxide was 61,000 RMB/ton, the specific transaction price would be discussed separately.

Regarding the upstream lithium carbonate, according to the price monitoring of SunSirs, the overall price of lithium carbonate in the East China market rose rapidly in January 2021, and the price increase increased significantly until the end of the month. As of January 31, the average price of industrial-grade lithium carbonate in East China was 68,200 RMB/ton, which was a 36.4% increase from the average price at the beginning of the month (the average price of industrial carbon in East China was 50,000 RMB/ton). On January 31, the average price of battery-grade lithium carbonate in East China was 72,400 RMB/ton, which was a 32.6% increase from the average price at the beginning of the month (the average price in East China on January 1 was 54,600 RMB/ton).

According to the price monitoring of SunSirs, in January 2021, there were 55 commodities that rose month-on month in the chemical sector of the list of commodity price rises and falls, of which 28 commodities rose by more than 5%, accounting for 30.4% of the monitored commodities in this sector; The top 3 commodities were bisphenol A (39.00%), lithium carbonate (36.40%), and DMF (25.96%).A total of 31 commodities fell month-on-month, and 14 commodities fell more than 5%, accounting for 15.2% of the number of monitored commodities in this sector; the top 3 products that fell were hydrochloric acid (-32.17%) and chloroform (-31.51) %), sulfuric acid (-25.43%). The average increase or decrease this month was 1.85%.

Market outlook

The Lithium Hydroxide analyst of SunSirs believes that the recent rise in the price of lithium carbonate in the upstream has boosted the mentality of the industry to a certain extent. In addition, the demand side has increased. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may run firmly, and more attention needs to be paid to market news guidance.

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

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products