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SunSirs: Supported by Supply and Demand, the Price of Lithium Hydroxide Rose (March 8-14)

March 16 2021 13:33:16     SunSirs (John)

Price trend

According to data from SunSirs’ bulk list, as of March 14, the average price of domestic industrial-grade lithium hydroxide enterprises was 68,000 RMB/ton, an increase of 2% compared with the beginning of the week, and an increase of 18.60% compared with February 14, and an increase of 30.77% in a three-month cycle.

Analysis review

The market for industrial-grade lithium hydroxide rose this week. The market spot was relatively tight, downstream companies were actively inquiring, and companies were not inclined to ship at low prices, and the price center shifted upward.

Lithium hydroxide production data: In February 2021, the production of lithium hydroxide from major national manufacturers was 11,300 tons, an increase of 2.73% month-on-month and an increase of 253.13% year-on-year.

Upstream lithium carbonate, the price of lithium carbonate in the East China market rose slightly this week. According to the price monitoring of SunSirs, as of March 12, the average price of industrial-grade lithium carbonate in East China was 84,600 RMB/ton, which increased by 1.20% compared to the average price at the beginning of the week (the average price in East China on March 8 was 83,600 RMB/ton). On March 12, the average price of battery-grade lithium carbonate in East China was 89,400 RMB/ton, which was 0.90% higher than the average price at the beginning of the month (the average price in East China on March 1 was 88,600 RMB/ton).

According to the price monitoring of SunSirs, in the 10th week of 2021 (3.8-3.12), there were 49 kinds of commodities in the chemical sector that have increased month-on-month, of which 9 kinds of commodities have increased by more than 5%, accounting for 9.8% in the monitored commodities of this sector; the top 3 commodities were chloroform (18.73%), calcium carbide (12.07%), and aniline (9.12%).A total of 15 commodities fell month-on-month, and 1 commodity fell more than 5%, accounting for 1.1% of the number of monitored commodities in this sector; the top 3 products that fell were ethylene glycol (-7.49%) and styrene (- 4.85%), OX (-4.62%). The average increase and decrease this week was 1.2%.

Market outlook

Lithium hydroxide analysts of SunSirs believe that the recent cost support is relatively strong. Under the tight spot supply, the market has a strong atmosphere. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may rise steadily, and more attention should be paid to market news guidance for specific trends.

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

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