SunSirs: The Market Situation of Lithium Hydroxide Was Stable (November 14-18)
November 21 2022 10:27:07 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of November 18, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 580,000.00 RMB/ton, which was the same as the price on Monday and increased by 11.90% compared with the price at the beginning of the month.
Analysis review
The domestic lithium hydroxide market was running smoothly this week. From the perspective of cost, the upstream spodumene price was high, while the upstream lithium carbonate stopped rising and dipped, the cost support was still strong. From the perspective of supply and demand, the normal production of enterprises was dominant, and the demand side performance was fair. The market was more cautious and wait-and-see, and the lithium hydroxide market negotiation focus was high.
The upstream lithium carbonate, according to the data monitoring of SunSirs: this week, the price of industrial and battery grade lithium carbonate stopped rising, and some enterprises' quotations slightly declined. On November 17, the reference price of industrial grade lithium carbonate was 587,000.00 RMB/ton, an increase of 4.08% compared with that of November 1 (564,000.00 RMB/ton).
Market outlook
The lithium hydroxide analysts of SunSirs believe that the cost support still exists, and the market supply and demand pattern is relatively stable. It is expected that in the short term, the domestic lithium hydroxide market price will mainly operate at a high level, and more attention should be paid to the market news guidance.
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