SunSirs: The Price of Domestic Industrial Lithium Hydroxide Fell (December 9-14)
December 15 2022 13:38:11 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 14, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 563,333.31 RMB/ton, down 2.31% compared with the price on Friday (December 9).
Analysis review
Recently, the domestic industrial lithium hydroxide market declined. As of the 14th, the lithium hydroxide market was dominated by long-term order trading, the downstream purchase intention on the spot market was weak, and the overall market turnover was light. In addition, due to the weak trend of lithium carbonate in the upstream, the quotation of lithium hydroxide from enterprises was lowered.
The upstream lithium carbonate, according to the data monitoring of SunSirs: on December 13, the reference price of lithium carbonate industrial grade was 552,000.00 RMB/ton, a decrease of 3.33% compared with the price on December 1 (571,000.00 RMB/ton).
Market outlook
The lithium hydroxide analysts of SunSirs believe that the current cost support is limited, the supply side is temporarily stable, the enthusiasm for receiving goods at high prices in the downstream is reduced, and the market is cautious. It is expected that in the short term, the domestic lithium hydroxide market will be mainly stable and weaker, and more attention should be paid to the impact of upstream lithium carbonate prices.
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