SunSirs: Both Supply Side and Demand Side Had Positive Factors, the Lithium Hydroxide Market Ran Firmly

　　Price trend

　　According to the data of SunSirs’bulk list, as of July 13, the average enterprises price of domestic industrial-grade lithium hydroxide was 90,000 RMB/ton, which was 0.37% higher than the price on last Tuesday (July 6). It was up 3.05% compared to June 1, and it was up 13.92% in a three-month cycle.

　　Analysis review

　　In June, the lithium hydroxide market rose steadily, with an overall increase of 2.67%. Entering July, the market remained strong at a high level, and prices rose at the beginning of this week. Some manufacturers stopped for maintenance, the output was reduced, the spot supply in the market was tightening, in addition, the demand side was improving, the market’s willingness to push up was obvious, the quotation was strong, and the market transaction price went up.

　　Upstream lithium carbonate, according to the data monitoring of SunSirs, as of July 12, the average price of industrial-grade lithium carbonate in East China was 86,600 RMB/ton, which was the same as the price at the beginning of the month. On July 12, the average price of battery-grade lithium carbonate in East China was 90,400 RMB/ton, which was the same as the price at the beginning of the month.

　　Market outlook

　　Lithium Hydroxide analysts of SunSirs believe that, on the whole, the current spot supply in the market is tight, and the demand side is performing well to form an effective support for the market. It is expected that the domestic industrial-grade lithium hydroxide market may operate strongly in the short term, and more specific trends need to pay attention to market news guidelines.