Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 25th, the average price of domestic industrial grade lithium hydroxide enterprises was 216,500.00 RMB/ton, a decrease of 13.05% compared to September 1st and a decrease of 55.05% compared to the same period last year.

Analysis review

The domestic industrial grade lithium hydroxide market price fell in September. In the first half of the month, the price of upstream spodumene concentrate fell, the lithium carbonate market was weaker, and cost support was weakened. Production enterprises mainly relied on long-term orders, while downstream demand was weak. Inquiry procurement was just in needed and cautious, and individual transactions were limited. Under the dual drag of cost and demand, the focus of negotiations in the lithium hydroxide market decreased. In the second half of the month, cost support remained weak, downstream demand follow-up was insufficient, market trading atmosphere was light, and the lithium hydroxide market continued to be weaker.

Upstream lithium carbonate: According to the Commodity Market Analysis System of SunSirs, on September 25th, the reference price for industrial grade lithium carbonate was 173,000.00 RMB/ton,, a decrease of 17.62% compared to September 1st (210,000.00 RMB/ton,).

Market outlook

Lithium hydroxide analysts from SunSirs believe that as of September 25th, there was still insufficient support for positive factors, and the market trading atmosphere was flat. It is expected that in the short term, the domestic lithium hydroxide market may be weakly sorted out, and more attention needs to be paid to market news guidance.

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