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    Home > Chemicals Industry > Petrochemical News > Supply tightening and strong demand, lithium hydroxide prices rose for 21 consecutive weeks

    Supply tightening and strong demand, lithium hydroxide prices rose for 21 consecutive weeks

    • Last Update: 2021-06-06
    • Source: Internet
    • Author: User
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    Original source: Economic Information Daily

    Reporter: Gao Wei

    According to data from the business agency, as of the 17th, domestic battery-grade lithium hydroxide was quoted at 86,000 yuan/ton, and industrial-grade lithium hydroxide was quoted at 83,000 yuan/ton.


    The recent research report of Everbright Securities pointed out that last week (May 10-16), the prices of electric carbon, industrial carbon and battery-grade lithium hydroxide were 88,800 yuan/ton, 81,500 yuan/ton and 85,700 yuan/ton, respectively.


    In view of the reasons behind the price increase, many institutions pointed out that the recent market demand for high nickel ternary has increased and the upstream spodumene price has also stabilized at a high level.


    On May 18, as one of Tesla’s suppliers, Yahua Group responded to investors on the interactive platform about the company’s lithium hydroxide production and sales, and stated that the production capacity of the new Ya’an line will gradually become full.


    According to the analysis of Dongguan Securities, the price of lithium hydroxide is increasing rapidly, mainly due to the strong demand for high nickel materials at home and abroad.


    Tianfeng Securities analysts believe that from the perspective of supplier quotations, it is expected that the actual transaction price in May will continue to rise compared with this month's price center, and the overall price gap with lithium carbonate will be gradually repaired.


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