1、 Price trend of lithium hydroxide

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

2、 Market analysis

This week, the market price of lithium hydroxide rose. As of March 7, the average price of domestic industrial grade lithium hydroxide enterprises was 66666.67 yuan / ton, up 3.09% compared with the beginning of the week, 16.28% compared with February 7, and 16.96% compared with the same period last year, according to the data from the business club’s block list.

Recently, the spot supply in the market is tight, the demand side performance is acceptable, the downstream inquiry enthusiasm is improved, the business mentality is firm, and the quotation continuously goes up. According to the data monitoring of the business agency, the price of lithium hydroxide of some enterprises in the near future is summarized as follows: the external quotation of Shanghai Yulun industrial grade lithium hydroxide is 75000 yuan / ton; the quotation of Shanghai oujin industrial grade lithium hydroxide is 72000 yuan / ton, and the quotation of battery grade lithium hydroxide is 75000 yuan / ton. The spot price of the merchants follows the market, and the actual transaction price is mainly through negotiation.

The price of lithium carbonate in East China has risen recently. According to the price monitoring of the business community, as of March 7, the average price of industrial grade lithium carbonate in East China was 82800 yuan / ton, which was 6.70% higher than that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 77600 yuan / ton on March 1). On March 7, the average price of battery grade lithium carbonate in East China was 87800 yuan / ton, which was 6.04% higher than the average price at the beginning of March (the average price of carbon in East China was 82800 yuan / ton).

According to the price monitoring of the business community, on March 5, 2021, in the list of commodity prices, there were 14 kinds of commodities in the chemical industry sector that rose month on month, of which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities were sulfuric acid (6.62%), ammonium chloride (5.17%) and hydrochloric acid (2.90%). A total of 14 kinds of commodities declined on a month on month basis, with DOP (- 3.66%), ISO octanol (- 3.52%) and cyclohexanone (- 2.55%) as the top three products. The average daily rise and fall was 0.05%.

3、 Future forecast

According to the lithium hydroxide analysts of business club, the recent cost support is strong, the spot supply is tight, and the demand is good, which supports the mentality of manufacturers. It is expected that in the short term, the domestic industrial lithium hydroxide market may rise, and the specific trend needs to pay more attention to the market information guidance.