SunSirs: Since June, the Lithium Hydroxide Market Was Wait-and-see at a High Level after Rising
June 15 2023 09:43:15 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of June 13, the average price of domestic industrial Lithium hydroxide from enterprises was 332,500.00 RMB/ton, 1.92% higher than the price on June 1.
Analysis review
Since June, the domestic industrial Lithium hydroxide market had risen slightly and stayed at a high level. Recently, the upstream spodumene price was running at a high level, while the upstream lithium carbonate price was rising steadily, with strong cost support, which had boosted the price support mentality of the industry. The manufacturers mainly focused on long-term orders, and most of the downstream purchases were based on demand. The enthusiasm for inquiry was fair, but new orders were limited, and the market had a strong wait-and-see attitude.
The upstream Lithium carbonate, according to the commodity market analysis system of SunSirs: on June 12, the reference price of Lithium carbonate industrial grade was 296,200.00 RMB/ton, an increase of 2.14% compared with June 1 (290,000.00 RMB/ton); On June 12, the reference price of Lithium carbonate battery grade was 316,200.00 RMB/ton, which was 2% higher than that on June 1 (310,000.00 RMB/ton).
Market outlook
Lithium hydroxide Analysts from SunSirs believe that as of June 13, there was still some support on the cost side. Demand side procurement was just in needed and was cautious and wait-and-see, and new orders in the market were general. It is expected that in the short term, the domestic Lithium hydroxide market will be stable and wait-and-see, and more attention should be paid to changes in raw material prices.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-28 SunSirs: Lithium Hydroxide Market Fluctuated and Rose Slightly (April 18-25)
- 2024-04-17 SunSirs: Lithium Hydroxide Market Price Fluctuated and Rose Narrowly (April 9-16)
- 2024-04-11 SunSirs: The Lithium Hydroxide Market Fluctuated within a Narrow Range and Was Operating on a Wait-and-see Basis
- 2024-03-26 SunSirs: The Lithium Hydroxide Market Was Operating Steadily with a Strong Wait-and-see Attitude
- 2024-03-20 SunSirs: The Lithium Hydroxide Market Rose (March 11-17)
