Price trend

According to the monitoring data of SunSirs, as of November 24, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 580,000.00 RMB/ton, which was the same as the price on Monday and increased by 11.90% compared with the price at the beginning of the month.

Analysis review

he domestic lithium hydroxide market was stable at a high level this week. The upstream spodumene price is at a high level. The upstream lithium carbonate dropped slightly, and the cost support was still available. Spot transactions in the market were just based on demand, and the atmosphere of cautious wait-and-see was strong. The focus of domestic lithium hydroxide market negotiation was temporarily stable.

The upstream lithium carbonate market fell slightly. According to the data monitoring of SunSirs, the reference price of lithium carbonate industrial grade was 582,000.00 RMB/ton on November 22 and 581,000.00 RMB/ton on November 23, respectively, with a price drop of 0.17%.

Market outlook

The lithium hydroxide analysts of SunSirs believe that the current upstream lithium carbonate market has fallen slightly, increasing the cautious wait-and-see atmosphere of the market, and the market spot trading atmosphere is general. It is expected that the domestic lithium hydroxide market price will be 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