SunSirs: The Lithium Hydroxide Market Was Running Firmly (December 13-20)

　　Price trend

　　According to the data of SunSirs’bulk list, as of December 20, the average price of domestic enterprises’industrial-grade lithium hydroxide was 197,666.67 RMB/ton, which was an increase of 12.95% compared with the price on December 13, and which was an increase of 14.26% compared with the price on November 20.

　　Analysis review

　　This week, the industrial-grade lithium hydroxide market was running firmly. Recently, the price of raw material spodumene has been operating at a high level, and the price of lithium carbonate has continued to increase, which has strong cost support for the market of lithium hydroxide. In addition, the enthusiasm of downstream inquiries and purchases has increased, the demand for stockpiling has driven market prices upward.

　　Upstream lithium carbonate, according to the data monitoring of SunSirs: On December 19, the average price of industrial-grade lithium carbonate in East China was 234,600 RMB/ton, an increase of 20.93% compared with the price at the beginning of the month. On December 19, the average price of battery-grade lithium carbonate in East China was 248,000 RMB/ton, an increase of 20.98% compared with the price at the beginning of the month.

　　Market outlook

　　The Lithium Hydroxide analyst of SunSirs believes that the current cost-side support continues to be stable, and the support from supply and demand side is acceptable. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may continue to operate strongly.