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Home > Lithium hydroxide News > News Detail
Lithium hydroxide News
SunSirs: The Lithium Hydroxide Market Was Weakly Consolidated in May
June 03 2024 11:49:40SunSirs(John)

Price trend

The weak consolidation and operation of the lithium hydroxide market in May resulted in a strong wait-and-see sentiment in the market. According to the Commodity Market Analysis System of SunSirs, as of May 30th, the average price of industrial grade lithium hydroxide in China was 105,600.00 RMB/ton, a decrease of 1.49% compared to May 1st. As of May 30th, the average price of domestic battery grade lithium hydroxide enterprises was 117,666.67 RMB/ton, a decrease of 1.94% compared to May 1st.

Analysis review

In mid to early May, the price of upstream spodumene concentrate decreased narrowly, while the price of upstream lithium carbonate fluctuated narrowly. The cost support was slightly weak, and downstream demand decreased. Downstream ternary enterprises mainly consumed inventory, and high nickel demand was average. The market inquiry atmosphere was still good, but the wait-and-see sentiment towards high priced raw materials was obvious. Actual transactions were flat, and the focus of negotiations in the lithium hydroxide market was weak.

Entering late May, the cost support was average, while the supply side industry started at a low level, and the demand side performed poorly. The market supply was mainly based on long-term orders, with limited individual transactions. The pace of market trading slowed down, and the lithium hydroxide market remained weak and stable.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of SunSirs, on May 29th, the reference price for lithium carbonate industrial grade was 104,400.00 RMB/ton, a decrease of 3.69% compared to May 1st (108,400.00 RMB/ton), which had limited support for the lithium hydroxide market.

Market outlook

According to analysts from SunSirs Lithium Hydroxide, the market cost support was limited, and downstream customers had a strong wait-and-see attitude towards high-level delivery. The actual market transactions were light, and it is expected that lithium hydroxide may adjust its operation in a narrow range in the short term. More attention should be paid to market news guidance.

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

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