Price trend

According to the Commodity Market Analysis System of SunSirs, as of November 24th, the average price of industrial grade lithium hydroxide enterprises in China was 186,600.00 RMB/ton, a decrease of 0.53% compared to Monday's price and 67.83% compared to the same period last year.

Analysis review

This week, the domestic industrial grade lithium hydroxide market saw a weak performance. In recent times, the upstream industrial grade lithium carbonate market had been declining, with prices of upstream spodumene concentrate falling, weakening support for the lithium hydroxide market. Demand follow-up was still insufficient, and downstream demand of high nickel materials was weak, with rigid procurement being the main focus. There was a strong cautious wait-and-see sentiment, and the trading atmosphere in the lithium hydroxide market was flat. Holders were offering discounts to sell, and the focus of market negotiations was shifting downwards.

Upstream lithium carbonate: The market for industrial grade lithium carbonate had been sluggish recently. According to the Commodity Market Analysis System of SunSirs, on November 23, the reference price for lithium carbonate industrial grade was 137,400.00 RMB/ton, a decrease of 13.69% compared to November 1 (159,200.00 RMB/ton), which lacked support for the lithium hydroxide market.

Market outlook

According to Lithium Hydroxide analysts from SunSirs, the cost support was weak, and downstream inquiries and purchases were generally positive. The market atmosphere was light, and it is expected that the domestic lithium hydroxide market will mainly operate weakly in the short term. More attention should be paid to market news guidance.

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