According to the monitoring data of SunSirs, as of September 25, the average price of industrial-grade lithium hydroxide in domestic lithium hydroxide enterprises was 481,666.66 RMB/ton, which was the same as the price on last Monday (September 19), an increase of 1.40% compared with the price on August 25, and an increase of 1.76% in a three-month cycle.
Analysis review
Recently (9.19-9.25), the domestic industrial-grade lithium hydroxide market price was running at a high level. The price of upstream lithium carbonate was running strongly, coupled with the increase in downstream stocking and purchasing, cost-side support and demand-side increased, driving the market to run strongly, the overall market trend was positive, and the focus of lithium hydroxide market negotiation was high.
Upstream lithium carbonate, according to the data monitoring of SunSirs: on September 23, the reference price of lithium carbonate was 498,000.00 RMB/ton, which increased by 3.11% compared with the price on September 1 (483,000.00 RMB/ton).
Market outlook
The lithium hydroxide analyst of SunSirs believes that the current support from the upstream lithium carbonate is obvious, coupled with the strong market supply and demand support, and the downstream procurement demand has increased. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market price may be strong, and more attention should be paid to market news guidelines.
