SunSirs: Under Multiple Supports, Lithium Hydroxide Continued to Rise (August 23-27)

　　Price trend

　　According to the data of SunSirs’bulk list, as of August 27, the average enterprises price of domestic industrial-grade lithium hydroxide was 120,000.00 RMB/ton, an increase of 6.19% compared with Monday’s price, an increase of 22.03% compared with July 27, and an increase of 37.40% in a three-month cycle.

　　Analysis review

　　The lithium hydroxide market continued to rise this week. Recently, the raw material spodumene market was tight and the price was high, the spot supply of lithium hydroxide was tight, the downstream demand was good, and the multiple positive supported, the market had a strong mentality to push up, and the price continued to rise. Recently, Shanghai Yulun Industrial quoted at 128,000 RMB/ton for industrial grade lithium hydroxide; Shanghai Oujin Industrial quoted at 131,000 RMB/ton for industrial grade lithium hydroxide, and is quoted at 135,000 RMB/ton for battery-grade lithium hydroxide; Sichuan He Keli Technology Co., Ltd. quoted an external price of 130,000 RMB/ton for battery-grade lithium hydroxide. The specific transaction price was discussed separately.

　　Upstream lithium carbonate, according to the data monitoring of SunSirs: as of August 26, the average price of industrial-grade lithium carbonate in East China was 111,600 RMB/ton, which was 8.14% higher than the price on Monday (August 23). On August 26, the average price of battery-grade lithium carbonate in East China was 117,600 RMB/ton, an increase of 8.09% compared with the price on Monday (August 23).

　　Market outlook

　　Lithium hydroxide analysts of SunSirs believe that, on the whole, the recent high price of raw materials has led to an increase in cost support. Coupled with the good performance of market supply and demand, it is expected that in the short term, the domestic industrial-grade lithium hydroxide market may be strong, and the specific trend needs more attention to market news guidance.