SunSirs: Lithium Hydroxide Market Was Mainly Stable (June 14-20)
June 21 2023 10:35:36 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of June 20, the average price of domestic industrial Lithium hydroxide enterprises was 332,500.00 RMB/ton, which was the same as that of last Wednesday (June 14).
Analysis review
Recently, the domestic industrial Lithium hydroxide market was mainly stable. Recently, the upstream spodumene price was high, the upstream Lithium carbonate price was mainly stable, and the cost support continued. The operating rate of downstream material plants increased, and the enthusiasm for market inquiry was fair. The transactions on spot market was mainly on demand, and the lithium hydroxide market negotiation focuses was stable.
Upstream lithium carbonate, according to the commodity market analysis system of SunSirs: on June 19, the reference price of industrial grade lithium carbonate was 300,000.00 RMB/ton, up 3.45% compared with June 1 (290,000.00 RMB/ton); On June 19, the reference price of battery grade lithium carbonate was 318,000.00 RMB/ton, up 2.58% compared with that on June 1 (310,000.00 RMB/ton).
Market outlook
Analysts from Lithium hydroxide SunSirs believe that as of the 20th, the cost support still existed, and the demand increase was temporarily limited. 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 the changes in raw material prices.
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