SunSirs: The Domestic Industrial Lithium Hydroxide Market Was Weak (January 9-12)
January 13 2023 09:36:38 SunSirs (John)
Price trend
According to the airport data of SunSirs, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 530,000.00 RMB/ton as of January 12, down 3.05% from Monday's price and down 4.22% from that of January 1 (the reference price of lithium hydroxide was 553,333.31 RMB/ton).
Analysis review
The domestic industrial lithium hydroxide market fell this week. Recently, the upstream lithium carbonate was weak, the support for the lithium hydroxide market was weakened, the domestic downstream purchase intention was not high, and the deal was mainly just needed. In addition to the weakening of foreign demand and the lack of market mentality, the focus of lithium hydroxide market negotiation was downward.
The upstream lithium carbonate market has declined since January. On January 11, the reference price of lithium carbonate - industrial grade was 485,600.00 RMB/ton, down 3.65% from January 1 (504,000.00 RMB/ton).
Market outlook
According to the lithium hydroxide analyst of SunSirs, the current market is dragged by the downward trend of lithium carbonate in the upstream, and the demand side is weakened. It is expected that the domestic lithium hydroxide market will be weak in the short term, and more attention should be paid to the guidance of market news.
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