Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 25th, the average price of industrial grade lithium hydroxide in China was 107,200.00 RMB/ton, an increase of 0.56% compared to last Thursday's price.

Analysis review

Recently, the industrial grade lithium hydroxide market had been fluctuating and slightly rising. Recently, the price of spodumene concentrate had remained stable, while the price of upstream lithium carbonate had remained stable with a downward trend. The impact on cost was limited, and the supply side was operating at a low level. Manufacturers were mainly maintaining long-term contracts. The demand for high nickel downstream was steadily increasing, and the new energy and energy storage market was performing well. Before the holiday, there had been an increase in downstream stocking on demand, and market participants were mostly wait-and-see. Enterprises adjusted their prices flexibly according to their own situation, resulting in narrow market fluctuations.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of SunSirs, on April 24th, the reference price for lithium carbonate industrial grade was 109,000.00 RMB/ton, an increase of 1.87% compared to April 1st (107,000.00 RMB/ton). Recently, the price of lithium carbonate had remained stable and slightly declined, providing moderate support for the lithium hydroxide market.

Market outlook

According to Lithium Hydroxide analysts from SunSirs, as downstream pre holiday stocking gradually approached its end, the market was mainly wait-and-see. It is expected that the lithium hydroxide market may undergo a narrow adjustment in the short term, and more attention needs to be paid to the trend of upstream lithium carbonate.

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