Lithium hydroxide market price rises this week (4.5-4.11)

1、 Price trend of lithium hydroxide

 

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(Figure: p-value curve of lithium hydroxide product)

 

2、 Market analysis

 

As of April 11, the average price of domestic industrial grade lithium hydroxide enterprises was 75666.67 yuan / ton, up 0.89% compared with the beginning of the week, 12.38% compared with March 11, and 45.51% compared with January 1, according to the data from the business club’s block list.

 

This week, the domestic market of industrial grade lithium hydroxide rose, the market supply was tight, the demand side was steady, the offer of goods holders was firm, and the market was hard to find low-cost goods.

 

Output data of lithium hydroxide: in March 2021, the output of lithium hydroxide of major manufacturers in China was 12800 tons, up 13.27% month on month and 85.51% year on year.

 

According to the price monitoring of the business community, the market of lithium carbonate in the upstream is mainly stable in the near future. As of April 11, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 11, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was the same as that at the beginning of the month (the average price of carbon in East China was 90600 yuan / ton on April 1).

 

According to the price monitoring of the business community, in the list of commodity prices in the 14th week of 2021 (4.5-4.9), there were 38 kinds of commodities in the chemical industry sector that rose month on month, among which 8 kinds of commodities increased by more than 5%, accounting for 8.7% of the total number of commodities monitored in the sector; the top 3 commodities were nitric acid (8.94%), acetic acid (8.70%) and ethyl acetate (8.13%). There were 27 kinds of commodities with a month on month decrease, and 5 kinds of commodities with a decrease of more than 5%, accounting for 5.4% of the number of commodities monitored in the sector. The top 3 products with a decrease were butadiene (- 10.77%), formic acid (- 8.38%) and acrylic acid (- 8.31%). The average rise and fall this week was 0.25%.

 

3、 Future forecast

 

According to the lithium hydroxide analysts of business news agency, the recent stable operation of upstream lithium carbonate, coupled with the steady performance of supply and demand support, it is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong, and the specific trend needs to pay more attention to the market information guidance.

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