Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 25th, the average price of industrial grade lithium hydroxide enterprises in China was 305,000.00 RMB/ton, which was unchanged compared to Monday's price.

Analysis review

This week, the domestic industrial grade lithium hydroxide market was operating smoothly. Recently, the upstream lithium carbonate price fluctuated and consolidated, still providing some support for the lithium hydroxide market. However, there was not a significant rebound in demand. Downstream procurement mentality was cautious, and the market wait-and-see atmosphere was gradually intensifying. The focus of negotiations in the lithium hydroxide market was stable.

Upstream lithium carbonate, according to the commodity market analysis system of SunSirs, on May 24th, the reference price for lithium carbonate industrial grade was 284,000.00 RMB/ton, an increase of 63.22% compared to May 1st (174,000.00 RMB/ton); On May 24th, the reference price for lithium carbonate battery grade was 306,000.00 RMB/ton, an increase of 53% compared to May 1st (200,000.00 RMB/ton).

Market outlook

Lithium hydroxide analysts from SunSirs believe that cost support still existed, but demand support was average. Operators were cautious. It is expected that in the short term, the domestic lithium hydroxide market may remain stable and wait-and-see, and more attention needs to be paid to market news guidance.

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