SunSirs: Lithium Hydroxide Market Rose This Week (April 5-11)

Price trend

According to data from SunSirs’ bulk list, as of April 11, the average price of domestic industrial-grade lithium hydroxide enterprises was 75,666.67 RMB/ton, an increase of 0.89% compared with the beginning of the week, and an increase of 12.38% compared with March 11, an increase of 45.51% compared with January 1.

Analysis review

This week, the domestic industrial-grade lithium hydroxide market rose, the market supply was tight, the demand side performed steadily, the offer of holders was strong, and the low-price supply of the market was difficult to find.

Lithium hydroxide production data: In March 2021, the production of lithium hydroxide from major national manufacturers was 12,800 tons, an increase of 13.27% month-on-month and an increase of 85.51% year-on-year.

In the upstream lithium carbonate, according to the price monitoring of SunSirs, the recent lithium carbonate market was mainly operating smoothly. As of April 11, the average price of industrial-grade lithium carbonate in East China was 87,000 RMB/ton, which was the same as the average price at the beginning of the month (the average price of Industrial Carbon in East China was 87,000 RMB/ton). On April 11, the average price of battery-grade lithium carbonate in East China was 90,600 RMB/ton, which was the same as the average price at the beginning of the month (the average price in East China on April 1 was 90,600 RMB/ton).

According to the price monitoring of SunSirs, in the 14th week of 2021 (4.5-4.9), there were 38 kinds of commodities in the chemical sector that increased month-on-month, of which 8 commodities increased by more than 5%, accounting for 8.7% of the monitored commodities in this sector; the top 3 commodities were nitric acid (8.94%), acetic acid (8.70%), and ethyl acetate (8.13%).A total of 27 products fell month-on-month, and a total of 5 products fell more than 5%, accounting for 5.4% of the number of monitored products in this sector; the top 3 products that fell were butadiene (-10.77%) and formic acid (-8.38) %), acrylic acid (-8.31%). The average increase and decrease this week was 0.25%.

Market outlook

Lithium Hydroxide analysts of SunSirs believe that the recent upstream lithium carbonate was mainly operating smoothly, coupled with the stable performance of the supply and demand side. It is expected that in the short-term, the domestic industrial-grade lithium hydroxide market may continue to operate strongly, and the specific trend requires more attention to market news guidance.

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