Price trend

According to the Commodity Market Analysis System of SunSirs, as of October 30th, the average price of industrial grade lithium hydroxide of lithium hydroxide enterprises in China was 202,000.00 RMB/ton, a decrease of 6.70% compared to October 1st.

Analysis review

The domestic industrial grade lithium hydroxide market mainly experienced a decline in October. After the Double Festival, the upstream lithium carbonate market rose, boosting the mentality of the industry and driving the lithium hydroxide market to slightly follow the trend. However, there was no significant improvement in the demand side. The downstream entry mentality was cautious, and the market transactions were average. The domestic industrial grade lithium hydroxide market remained stable with small changes, and enterprises adjusted their quotations based on their own situation. In late October, the price of upstream spodumene concentrate fell, while the price of upstream lithium carbonate decreased, cost support weakened, and the supply side started at a low level, with most completing orders mainly. Terminal demand did not meet expectations, and they followed up in caution as needed. The mentality of the industry was average, and the focus of negotiations in the lithium hydroxide market weakened due to the drag of costs and demand.

Upstream lithium carbonate: According to the Commodity Market Analysis System of SunSirs, on October 27th, the reference price for lithium carbonate industrial grade was 160,600.00 RMB/ton, a decrease of 0.25% compared to October 1st (161,000.00 RMB/ton).

Market outlook

According to lithium hydroxide analysts from SunSirs, as of October 30th, the demand side remained average and the market trading atmosphere was flat. It is expected that in the short term, the domestic lithium hydroxide market may continue to operate in a weak manner, and more attention needs to be paid to market news guidance.

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