SunSirs: Domestic Industrial-grade Lithium Hydroxide Market Was Stable and Rising (June 6-12)
June 13 2022 10:13:49 SunSirs (John)
Price trend
According to the data of SunSirs, as of June 12, the average price of domestic industrial-grade lithium hydroxide enterprises was 473,333.34 RMB/ton, an increase of 2.16% compared with the price on last Monday (June 6). The price increased by 0.71% compared with that on May 12, and increased by 10.08% in a three-month cycle.
Analysis review
Recently, the domestic industrial-grade lithium hydroxide market has been stable and rising. Recently, the price of spodumene in the upstream has been high, and the price of lithium carbonate in the upstream has been raised slightly, which has boosted the market mentality, the market supply has increased, and the enthusiasm of downstream inquiries has increased slightly, however, it was still mainly wait-and-see. The market atmosphere was acceptable, and the focus of domestic industrial-grade lithium hydroxide market discussions has been stable and rising.
Upstream lithium carbonate, the price of industrial-grade and battery-grade lithium carbonate has risen slightly recently. According to the monitoring data of SunSirs, on June 10, the reference price of lithium carbonate was 454,000.00 RMB/ton, an increase of 0.67% compared with the price on June 1 (451,000.00 RMB/ton).
Market outlook
The lithium hydroxide analyst of SunSirs believes that the current upstream lithium carbonate price has risen, the support for the lithium hydroxide market has been strengthened, the supply side has increased, and the demand side is expected to recover. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market price may stabilize and improve.
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