1、 Price trend of lithium hydroxide

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

2、 Market analysis

Recently, the market of lithium hydroxide has been running strongly, and the price has shown a rising trend after the festival. As of February 25, the average price of domestic industrial grade lithium hydroxide enterprises was 64666.67 yuan / ton, up 12.79% compared with February 18 and 13.45% compared with January 25, according to the data of business club’s block list.

The large lithium hydroxide plant has resumed production. At present, the enterprise’s offer is mainly rising, the low price shipping intention is not strong, and the market is strong. According to the data monitoring of business news 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; Zigong tongfarong industrial grade lithium hydroxide is 53000 yuan / ton; Shanghai oujin industrial grade lithium hydroxide is 66000 yuan / ton; Shanghai huaran industrial grade lithium hydroxide is 65000 yuan / ton The spot price of the merchants is in line with the market, and the actual transaction price is mainly through negotiation.

According to customs statistics, China’s cumulative import volume of lithium hydroxide from January to December 2020 is 526223 kg, and the cumulative export volume is 56573167 kg.

According to the price monitoring of upstream lithium carbonate, the market price of lithium carbonate in East China continued to rise in February 2021. As of February 24, the average price of industrial grade lithium carbonate in East China was 76400 yuan / ton, up 11.37% compared with the average price at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 68600 yuan / ton on February 1). On February 24, the average price of battery grade lithium carbonate in East China was 81600 yuan / ton, which increased by 12.09% compared with the average price at the beginning of the month (the average price of carbon in East China was 72800 yuan / ton on February 1).

According to the price monitoring of the business community, on February 24, 2021, there were 45 kinds of commodities in the chemical industry sector which rose month on month, among which 11 kinds of commodities increased by more than 5%, accounting for 12% of the number of commodities monitored in the sector; the top three commodities increased were maleic anhydride (41.00%), crude benzene (20.18%) and 1,4-butanediol (14.93%). There were two kinds of commodities that declined on a month on month basis, with propane (- 0.44%) and styrene (- 0.35%) as the top two products. The average daily rise and fall was 2.25%.

3、 Future forecast

According to the lithium hydroxide analysts of business news agency, the current price rise of upstream lithium carbonate has boosted market confidence and led to the firm offer of lithium hydroxide enterprises. It is expected that in the short term, the domestic industrial lithium hydroxide market may be stable, medium and strong, and the specific trend needs to pay more attention to the market news.