SunSirs: Under Multiple Positive Support, Lithium Hydroxide Market Rose in Early August

　　Price trend

　　According to the data of SunSirs’bulk list, as of August 9, the average price of domestic enterprises’industrial-grade lithium hydroxide was 102,000 RMB/ton, which was a 3.03% increase compared with the price on August 1. Compared with the price on July 9. it rose by 13.75%, and it rose by 21.91% in a three-month cycle.

　　Analysis review

　　In July, the overall trend of the domestic lithium hydroxide market rose steadily, and the price center of gravity rose. As of July 31, the average price of domestic industrial-grade lithium hydroxide enterprises was 99,000 RMB/ton, an increase of 10.41% compared with the price on July 1 (89,666.67 RMB/ton). The main reason for the price increase during the month was that due to the overhaul of some manufacturers’ installations, supply was reduced, downstream demand performed well, export orders increased month-on-month, market supply and demand were tightly balanced, and corporate quotations were raised. Entering August, the lithium hydroxide market continued its upward trend. Recently, the price of spodumene has risen and the cost is under pressure. Some smelters are still in the maintenance period. The tight spot supply continues, the demand side performs better, and the market sentiment is active, which drives the price center to move upward.

　　Upstream lithium carbonate, according to the data monitoring of SunSirs, as of August 8, the average price of industrial-grade lithium carbonate in East China was 91,600 RMB/ton, an increase of 4.09% compared with the price at the beginning of the month. On August 8th, the average price of battery-grade lithium carbonate in East China was 94,800 RMB/ton, an increase of 3.49% compared with the price at the beginning of the month.

　　Market outlook

　　Lithium Hydroxide analysts of SunSirs believe that, on the whole, the price of spodumene on the raw material side is high, the cost side is under pressure, the market spot supply continues to be tight, the supply side is good and the support is strong, and the demand side performance is acceptable, boosting the industry mentality. It is expected that in the short-term, the domestic industrial-grade lithium hydroxide market may continue to operate strongly, and the specific trend requires more attention to market news guidance.