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SunSirs: The Lithium Hydroxide Market Operated to Be Stronger in Early March
March 12 2024 11:14:56SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 10th, the average price of industrial grade lithium hydroxide in China was 103,600.00 RMB/ton, an increase of 3.60% compared to March 1st.

Analysis review

The lithium hydroxide market operated strongly in early March. Recently, the prices of upstream spodumene concentrate had risen, the upstream lithium carbonate market had risen, and the rise in cost prices has boosted the mentality of businesses. The downstream demand for high demand nickel materials had improved, and the 3C digital market had performed average. Some manufacturers were gradually increasing production, and the enthusiasm for downstream inquiries was still good. The lithium hydroxide market transactions were still mainly long-term contract orders.

Upstream lithium carbonate: Affected by tight supply, the price of lithium carbonate continued to rise. According to the monitoring of the commodity market analysis system of SunSirs, on March 8th, the reference price for lithium carbonate industrial grade was 102,400.00 RMB/ton, an increase of 6.22% compared to March 1st (96,400.00 RMB/ton), providing increased support for the lithium hydroxide market.

Market outlook

According to Lithium Hydroxide analysts from SunSirs, as of March 11th, downstream buyers need followed up on demand, and a wait-and-see attitude still existed. In the short term, the lithium hydroxide market may be in a state of consolidation on a basis of watch-and-see, and more attention still needs to be paid to changes in upstream raw materials and demand.

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