Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 20th, the average price of industrial grade lithium hydroxide enterprises in China was 267,500.00 RMB/ton, a decrease of 11.20% compared to Monday's price.

Analysis review

This week, the domestic industrial grade lithium hydroxide market continued to decline. Recently, the upstream lithium carbonate market declined, showing weak support for the lithium hydroxide market. The market supply was relatively abundant, downstream procurement mentality was cautious, and the enthusiasm for receiving goods was not high. The market trading atmosphere was light, and the price center of lithium hydroxide had fallen.

As for upstream lithium carbonate, according to the commodity market analysis system of SunSirs, the market price of lithium carbonate fell recently. On April 19, the reference price of lithium carbonate industrial grade was 167,000.00 RMB/ton, down 25.65% compared with April 1 (224,600.00 RMB/ton).

Market outlook

Lithium hydroxide analysts from SunSirs believe that upstream lithium carbonate has been operating in a weak state recently, while downstream demand has not followed up well. There is a strong wait-and-see atmosphere in the market. It is expected that in the short term, the domestic lithium hydroxide market may be weak and sorting, and more attention needs to be paid to market news guidance.

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