SunSirs: Lithium Hydroxide Market Rose in January

　　According to the monitoring data of SunSirs, as of January 26, the average enterprises’price of domestic industrial-grade lithium hydroxide was 273,333.34 RMB/ton, an increase of 26.15% compared with the price on January 1, and an increase of 64.33% in a three-month cycle.

　　Analysis review

　　The lithium hydroxide market rose steadily in January. In the first ten days, the price of raw material spodumene was high, the price of lithium carbonate kept rising, lithium hydroxide actively followed the increase of raw materials, the supply side was relatively stable, the downstream inquiry and procurement were active, the market atmosphere was active, and the price rose. In mid-January, the cost support was still obvious, some companies were actively preparing warehouses, and the holders of goods were not very willing to ship at low prices, and prices continued to rise. In late January, cost support still existed, downstream supplies were replenished before the festival, and the demand side increased, and the lithium hydroxide market was running strongly.

　　Upstream lithium carbonate, according to the data monitoring of SunSirs: the price of industrial-grade and battery-grade lithium carbonate rose in January. As of January 26, the average price of industrial grade lithium carbonate in East China was 350,600.00 RMB/ton, an increase of 31.80% compared with the price at the beginning of the month. On January 26, the average price of battery-grade lithium carbonate in East China was 377,000.00 RMB/ton, an increase of 33.69% compared with the price at the beginning of the month.

　　Market outlook

　　The lithium hydroxide analyst of SunSirs believes that the current cost support is obvious, and the supply and demand performance is good. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market may run strongly.