SunSirs: Lithium Hydroxide Market Declined (April 10-14)
April 17 2023 14:28:03 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 14th, the average price of industrial grade lithium hydroxide enterprises in China was 301,250.00 RMB/ton, a decrease of 6.95% compared to Monday's price.
Analysis review
This week, the domestic industrial grade lithium hydroxide market fell. The recent downturn in the upstream lithium carbonate market had continued, with insufficient support for the lithium hydroxide market. In addition, downstream demand had weakened, and purchasing intentions were low. High prices in the market were under pressure, and the price center of lithium hydroxide continued to decline.
As for upstream lithium carbonate, according to the commodity market analysis system of SunSirs, the market price of lithium carbonate had fallen recently. On April 13, the reference price of lithium carbonate industrial grade was 179,000.00 RMB/ton, down 20.3% from that of April 1 (224,600.00 RMB/ton).
Market outlook
According to lithium hydroxide analysts from SunSirs, due to the continuous downward impact of upstream lithium carbonate prices and weak demand, spot market transactions were limited. It is expected that in the short term, the domestic lithium hydroxide market may operate weakly, and more attention needs to be paid to market news guidance.
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