Supply and demand support the price rise of lithium hydroxide Market in the first half of 2021

According to the data of the business club, the average price of domestic industrial lithium hydroxide enterprises was 52000 yuan / ton on January 1, 2021. As of June 30, the average price of domestic industrial lithium hydroxide enterprises was 89666.67 yuan / ton, up 72.44% in half a year. On June 30, the mainstream quotation of domestic industrial grade lithium hydroxide Market was 87000 ~ 92000 yuan / ton.

In the first quarter, the domestic industrial lithium hydroxide market rose steadily, with a quarterly increase of 44.23%. In the first quarter, the price of upstream lithium carbonate continued to rise, the cost support continued to strengthen, and the demand of downstream increased, which accelerated the consumption of low price inventory in the market. The market supply and demand pattern gradually improved, and the support market steadily went up. With the tight spot supply in the market, the enthusiasm of downstream inquiry increased, the business mentality was firm, and the market price atmosphere was strong, Lithium hydroxide rose sharply in the first quarter and then kept stable at a high level.

In the second quarter, the domestic industrial lithium hydroxide market continued to rise, with a quarterly increase of 19.56%. In April, the market supply and demand side support performance is stable, the market is difficult to find low-cost sources, and enterprises mainly deliver early orders. In May, the upstream spodumene was tight with high prices, and the cost was supported to a certain extent. In addition, the tight spot supply led to the upward market driven by the incremental demand. In June, the supply and demand side had strong support, the market favorable supporting factors continued, and the market was strong.

Upstream lithium carbonate, lithium carbonate Market in the first half of 2021 rose broadly. According to the data monitoring of business news agency, the average price of industrial grade lithium carbonate in East China on June 30 was 86600 yuan / ton, up 73.20% compared with the price at the beginning of the year. On June 30, the average price of battery grade lithium carbonate in East China was 90400 yuan / ton, up 65.57% compared with the price at the beginning of the year.

Analysts of lithium hydroxide from business news agency believe that in July, the support of market supply and demand still exists. It is expected that in the short term, the domestic industrial lithium hydroxide Market will mainly run at a high level, and the specific trend needs to pay more attention to the market information guidance.

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