According to the monitoring data of SunSirs, as of October 21, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 518,333.34 RMB/ton, up 2.64% compared with Monday's price, up 9.51% in a three-month cycle, and up 211.62% year-on-year.
Analysis review
The domestic industrial lithium hydroxide market price rose this week. Recently, the price of upstream spodumene was firm, the lithium carbonate price continued to rise, the support for lithium hydroxide was strong. There were few industrial lithium hydroxide manufacturers, and the market spot resources were limited. The downstream high nickel ternary demand was steadily rising, and the purchasing enthusiasm was high. The downstream lithium base grease market purchases was mainly based on rigid demand, and the quotation of lithium hydroxide market enterprises was rising.
The upstream lithium carbonate, according to the data monitoring of SunSirs, the price of industrial and battery grade lithium carbonate kept rising this week. On October 20, the average price of industrial lithium carbonate in East China was 536,000.00 RMB/ton, 2.88% higher than that on October 17.
Market outlook
The lithium hydroxide analysts of SunSirs believe that the cost side is driving strongly at present, and the supply and demand support still exists. It is expected that in the short term, the domestic lithium hydroxide market price will be dominated by firm operation, and more attention should be paid to the market news guidance.
