Price trend
According to the monitoring data of SunSirs, as of September 12, the average price of industrial-grade lithium hydroxide in domestic enterprises was 481,666.66 RMB/ton, which was the same as the price on last Tuesday (September 6) and the price on August 12, an increase of 1.40% compared with the price on August 12, and an increase of 1.76% in a three-month cycle.
Analysis review
Recently (9.6-9.12), the domestic industrial-grade lithium hydroxide market was running at a high level. The recent increase in the price of upstream lithium carbonate significantly drove the lithium hydroxide market. The market supply increased compared with the previous period. However, manufacturers mainly made up long orders, and the spot supply was tight. Downstream inquiries and purchases were active, and the focus of lithium hydroxide market discussions was high.
Upstream lithium carbonate, entering September, upstream lithium carbonate maintained an upward trend. According to the data monitoring of SunSirs: on September 12, the reference price of lithium carbonate was 490,000.00 RMB/ton, an increase of 1.45% compared with September 1 (483,000.00 RMB/ton).
Market outlook
The lithium hydroxide analyst of SunSirs believes that the current market is driven by the rise of upstream lithium carbonate, and the support from the supply and demand side is still there. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market price may run strongly, and more attention should be paid to market news guidelines.