SunSirs: The Domestic Lithium Hydroxide Market Price Rose in November
November 29 2022 10:07:37 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of November 28, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 580000.00 RMB/ton, up 11.90% compared with November 1, up 22.11% year-on-year in a three-month cycle, and up 235.26% year-on-year.
Analysis review
The domestic lithium hydroxide market rose in November. From the perspective of cost: the upstream spodumene price was high this month, while the upstream lithium carbonate price stopped rising and dipped. The cost still had support for lithium hydroxide, but the market was cautious. From the perspective of supply and demand: in the first half of the month, enterprises mainly delivered long-term orders, and the market was short of spot supplies. Downstream enterprises increased production scheduling, and the focus of market negotiations moved up. In the second half of the month, the normal production of enterprises was dominant, the demand side was average, the spot transactions on the market were just needed, and the focus of negotiation was stable.
As for upstream lithium carbonate, according to the price monitoring of SunSirs, the price of industrial lithium carbonate rose first and then fell in November 2022. On November 28, the reference price of lithium carbonate industrial grade was 579,000.00 RMB/ton, up 2.66% compared with November 1 (564,000.00 RMB/ton).
Market outlook
The lithium hydroxide analysts of SunSirs believe that the cost support still exists, the spot transactions in the market are just needed, and mainly gaming and wait-and-see. It is expected that in the short term, the domestic lithium hydroxide market will be mainly stable, and more attention should be paid to the market news guidance.
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