Price trend

According to the monitoring data of SunSirs, as of December 8, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 576,666.69 RMB/ton, down 0.57% compared with the price on December 1.

Analysis review

Recently, the domestic industrial lithium hydroxide market was stable and weak. Recently, the trend of upstream lithium carbonate declined, and the price support for lithium hydroxide weakened. In addition, downstream enterprises were not enthusiastic about purchasing at high prices, and the demand side as slightly weak. Transactions on the market were slow, and the offer of some cargo holders was low. The market is weak, stable and wait-and –see.

The upstream lithium carbonate, according to the data monitoring of SunSirs, this week the prices of industrial and battery grade lithium carbonate maintained a downward trend. As of December 8, the average domestic mixed price of industrial lithium carbonate was 559,000 RMB/ton, a decrease of 2.1% compared with the average price of 571,000 RMB/ton on December 4.

Market outlook

The lithium hydroxide analysts of SunSirs believe that the lithium hydroxide market is currently dominated by long-term contracts, and the trading atmosphere in the spot market is flat. The upstream lithium carbonate market is weak, increasing the wait-and-see atmosphere. It is expected that the domestic lithium hydroxide market will be weak and stable in the short term, and more attention should be paid to the market news guidance.

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