SunSirs: The Price of Lithium Hydroxide Fell, and the Market Atmosphere Was Light
March 16 2023 09:56:18 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of March 15, the average price of industrial lithium hydroxide for domestic lithium hydroxide enterprises was 426,250.00 RMB/ton, down 2.01% from the price of last Friday (March 10).
Analysis review
The domestic industrial lithium hydroxide market had declined recently. Recently, the upstream lithium carbonate continued to decline, and the support for the lithium hydroxide market was insufficient. The manufacturers mainly delivered long-term orders and concluded transactions. The current market transactions were limited, the enthusiasm of the downstream to take goods was general, the market atmosphere was flat, and the lithium hydroxide market quotation declined.
Upstream lithium carbonate, according to the data monitoring of the SunSirs, the price of industrial lithium carbonate fell recently. On March 14, the reference price of lithium carbonate - industrial grade was 327,600.0 RMB/ton, down 14.38% from that of March 1 (382,600.00 RMB/ton).
Market outlook
The lithium hydroxide analyst of SunSirs believes that as of the 15th, the cost side was lack of support, the demand side was weak, and the market purchasing attitude was cautious and wait-and-see, and it is expected that the lithium hydroxide market will be weaker in a short time.
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