Price trend

According to the monitoring data of SunSirs, the average price of domestic industrial lithium hydroxide enterprises as of December 20 was 553,333.31 RMB/ton, down 1.78% from last Thursday (December 15).

Analysis review

Recently, the domestic industrial lithium hydroxide market declined. As of the 20th, the first tier manufacturers of lithium hydroxide mainly exported, the second tier manufacturers mainly supplied domestic demand, and the lithium hydroxide market sas dominated by long-term transactions. The atmosphere of the spot market was light. In addition to the recent decline in the price of lithium carbonate in the upstream, the support for lithium hydroxide was weak. The shipment of the cargo holders was under pressure. The phenomenon of shipping at reduced prices increased and the focus of lithium hydroxide market negotiation declined.

The upstream lithium carbonate, according to the data monitoring of SunSirs: on December 19, the reference price of industrial lithium carbonate was 544,000.00 RMB/ton, a decrease of 4.73% compared with the price on December 1 (571,000.00 RMB/ton).

Market outlook

The lithium hydroxide analysts of SunSirs believe that the upstream lithium carbonate is weak in operation, lacks support for lithium hydroxide, the supply side is temporarily stable, and the demand side is average. It is expected that the domestic lithium hydroxide market will be stable and weak in the short term. More attention should be paid to the impact of upstream lithium carbonate prices.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.