SunSirs: The Domestic Industrial-grade Lithium Hydroxide Market Rose Slightly in August

Price trend

According to the monitoring data of SunSirs, as of August 28, the average price of domestic industrial-grade lithium hydroxide enterprises was 475,000.00 RMB/ton, an increase of 0.35% compared with the price on August 1, an increase of 2.52% in a three-month cycle, and an increase of 295.83% compared with the same period last year. .

Analysis review

In August, the domestic industrial-grade lithium hydroxide market rose slightly. In early August, the price of upstream lithium carbonate fluctuated upward, and the cost support was slightly improved. The overall market supply was mainly stable, the demand side was flat, and the focus of market discussions was stability. In mid-to-late August, upstream lithium carbonate was on the rise, spodumene raw materials were in short supply, cost support was enhanced, and market sentiment was boosted. Some companies raised prices, and overseas demand for lithium hydroxide increased slightly, but the overall demand was still lower than expected. Driven by lithium carbonate, the low-priced supply of lithium hydroxide market decreased, and the focus of market discussions was stable and upward.

Upstream lithium carbonate, according to the price monitoring of SunSirs, in August 2022, the prices of industrial-grade and battery-grade lithium carbonate showed an upward trend. On August 26, the average price of industrial grade lithium carbonate in East China was 470,000 RMB/ton, which was 1.95% higher than the average price at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 461,000 RMB/ton on August 1). On August 26, the average price of battery-grade lithium carbonate in East China was 492,400 RMB/ton, which was 2.67% higher than the average price at the beginning of the month (the average price of battery-grade lithium carbonate in East China was 479,600 RMB/ton on August 1).

Market outlook

The lithium hydroxide analyst of SunSirs believes that the current downstream demand is recovering, and the support from the upstream lithium carbonate is strong. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may be stable and strong, and more attention should be paid to market news guidelines.

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