Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the average price of domestic industrial grade lithium hydroxide from lithium hydroxide enterprises was 219,000.00 RMB/ton, a decrease of 10.25% compared to last Friday (September 15th) and a decrease of 54.53% compared to the same period last year.

Analysis review

Recently, the domestic industrial grade lithium hydroxide market continued to decline. Recently, the spodumene concentrate market was operating in a weak state, wand the lithium carbonate market declined, cost support was weakened. The follow-up of downstream demand was insufficient, and procurement was cautious. The market trading atmosphere was light, and transactions were mainly long-term orders. The focus of negotiations in the lithium hydroxide market was weakening.

Upstream lithium carbonate: The market for industrial grade lithium carbonate recently declined. According to the Commodity Market Analysis System of SunSirs, on September 19th, the reference price for industrial grade lithium carbonate was 180,000.00 RMB/ton, a decrease of 14.29% compared to September 1st (210,000.00 RMB/ton), weakening support for the lithium hydroxide market.

Market outlook

According to lithium hydroxide analysts from SunSirs, as of September 20th, the upstream lithium carbonate market was operating in a weak state, with insufficient support for the lithium hydroxide market. Coupled with weak market demand, it is expected that in the short term, the domestic lithium hydroxide market may be operating in a weak state, and more attention needs to be paid to market news indicators.

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