According to the monitoring data of SunSirs, as of November 10, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 580,000.00 RMB/ton, up 11.90% compared with the price at the beginning of the month.
Analysis review
The domestic lithium hydroxide market price had risen since November. From the cost perspective: the upstream spodumene price was high, the upstream lithium carbonate price was rising, and the cost support was strong. From the perspective of supply and demand, enterprises mainly delivered long orders, the market was short of spot supply, downstream enterprises increased production scheduling, and the negotiation centre of lithium hydroxide market rose.
The upstream lithium carbonate, according to the data monitoring of SunSirs, on November 9, the reference price of industrial lithium carbonate was 591,000.00 RMB/ton, up 4.79% compared with the price on November 1 (564,000.00 RMB/ton), providing strong support for the lithium hydroxide market.
Market outlook
The lithium hydroxide analysts of SunSirs believe that, supported by the rise of upstream lithium carbonate and tight spot supply and demand, it is expected that the domestic lithium hydroxide market price will be firm in the short term, and more attention should be paid to the market news guidance.
