Price trend

According to the monitoring data of SunSirs, as of January 6, the average price of industrial lithium hydroxide for domestic enterprises was 546,666.69 RMB/ton, down 1.20% compared with that of Tuesday (January 3) and 5.75% compared with the price on December 6, 2022 (the reference price of lithium hydroxide was 580,000.00 RMB/ton).

Analysis review

This week, the domestic industrial lithium hydroxide market was stable and fell. Recently, the upstream lithium carbonate was operating in a weak way, which lacked support for the lithium hydroxide market. The supply side was mainly stable, the export order performance was good, the domestic demand performance was flat, the downstream procurement enthusiasm was not high, and the focus of the lithium hydroxide market negotiation was weaker.

The upstream lithium carbonate, according to the data monitoring of SunSirs: on January 5, the reference price of lithium carbonate industrial grade was 494,000.00 RMB/ton, a decrease of 1.98% compared with that of January 1 (504,000.00 RMB/ton).

Market outlook

Lithium hydroxide analysts from SunSirs believe that the upstream lithium carbonate is weak, and the downstream demand has dropped, dragging the market mentality. It is expected that the domestic lithium hydroxide market will be weaker in the short term, and more attention should be paid to the market news guidance.

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