Price trend
According to the data of SunSirs’bulk list, as of May 12, the enterprises average price of domestic industrial-grade lithium hydroxide was 86,333.33 RMB/ton, which was 7.02% higher than the price on May 6 and an increase of 14.10% compared with April 12, an increase of 51.46% compared with the same period last year.
Analysis review
The domestic industrial-grade lithium hydroxide market stabilized after rising in April. Entering May, the market for lithium hydroxide steadily rose after the holiday. The upstream spodumene had tight cargo and high prices, and the downstream demand performed well. The quotations of holders were firm, and the low prices in the market decreased significantly. According to the data monitoring of SunSirs: Shanghai Yulun Industrial Industrial Grade Lithium Hydroxide was quoted at 92,000 RMB/ton; Zigong Tongfarong Industrial Industrial Grade Lithium Hydroxide was quoted at 85,000 RMB/ton; Shanghai Oujin Industrial Grade Hydroxide Lithium was quoted at 82,000 RMB/ton, battery-grade lithium hydroxide was quoted at 85,000 RMB/ton, the spot price of merchants followed the market, and the actual transaction price was mainly negotiated
Lithium hydroxide production data: In April 2021, the production of lithium hydroxide from major manufacturers in the country was 14,100 tons, an increase of 10.16% month-on-month and an increase of 88% year-on-year.
The upstream lithium carbonate, according to the data monitoring of SunSirs, as of May 11, the average price of industrial grade lithium carbonate in East China was 87,000 RMB/ton, which increased by 0.46% compared with the price at the beginning of the month (May 1st, the average price of industrial grade lithium carbonate in East China was 86,600 RMB/ton). On May 11, the average price of battery-grade lithium carbonate in East China was 90,600 RMB/ton, an increase of 0.67% compared with the average price at the beginning of the month (the average price of battery-grade lithium carbonate in East China on May 1 was 90,000 RMB/ton).
Market outlook
Lithium hydroxide analysts of SunSirs believe that the current cost and demand side are boosting the market. It is expected that the domestic industrial-grade lithium hydroxide market may operate stably in the short term, and more attention should be paid to market news guidance for specific trends.
