SunSirs: The Lithium Hydroxide Market Declined in April (April 1-25)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 25th, the average price of industrial grade lithium hydroxide enterprises in China was 267,500.00 RMB/ton, a decrease of 29.93% compared to April 1st.

 Analysis review

The industrial grade lithium hydroxide market continued its downward trend in April. In early April, the upstream lithium carbonate market fell, with poor support for the lithium hydroxide market. Supply side enterprises mainly focused on normal production, while domestic market demand was weak. The spot market transactions were limited, and the mentality of the operators was poor. The lithium hydroxide market was operating to be weaker. In mid April, the sluggish market for upstream lithium carbonate continued, coupled with weaker downstream demand and lower purchasing intentions, putting pressure on high market prices for transactions and weakening the focus of lithium hydroxide negotiations. In late April, the cost support was still weak, the market supply was relatively abundant, and the demand side was not good. Downstream procurement mentality was cautious, and the lithium hydroxide market continued to decline.

Upstream lithium carbonate, according to data monitoring by SunSirs, the price of industrial grade lithium carbonate decreased in April 2023. As of April 25, the reference price for lithium carbonate industrial grade was 167,000.00 RMB/ton, a decrease of 25.65% compared to April 1 (224,600.00 RMB/ton).

Market outlook

Lithium hydroxide analysts from SunSirs believe that current cost and demand support is still insufficient, and the market trading atmosphere is light. It is expected that in the short term, the domestic lithium hydroxide market may operate weakly and steadily, and more attention needs to be paid to market news guidance.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.