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SunSirs: Lithium Hydroxide Market Was Sluggish, Mainly Wait-and-see (May 16-May 22)
May 24 2022 15:25:30SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of May 22, the average price of domestic industrial-grade lithium hydroxide enterprises was 463,333.34 RMB/ton, down 1.42% compared with the price of last Monday (May 16), a decrease of 2.11% compared with the price on April 22, and an increase of 21.93% in a three-month cycle.

Analysis review

Recently, the domestic industrial-grade lithium hydroxide market has been stable with some declines. Recently, the price of upstream spodumene has been running at a high level, and the price of upstream lithium carbonate has been stable and slightly fluctuated. The cost side had a certain support. Foreign demand for lithium hydroxide was still good, domestic downstream spot purchases were mainly cautious and wait-and-see, the market inquiry and transaction atmosphere was weak, and the lithium hydroxide market was running weakly and steadily.

Upstream lithium carbonate, the price of lithium carbonate was stable and slightly fluctuating, and it was mainly stable in the short term. On May 20, the average price of industrial grade lithium carbonate in East China was 450,000.00 RMB/ton, which was 0.22% lower than the average price at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 451,000 RMB/ton on May 15).

Market outlook

The lithium hydroxide analyst of SunSirs believes that the current cost support is acceptable, but the domestic downstream demand is flat, and the wait-and-see atmosphere is strong. It is expected that in the short term, the domestic industrial-grade lithium hydroxide market price may run smoothly.

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