SunSirs: Lithium Hydroxide Market Rose Sightly in June
June 30 2023 10:13:08     SunSirs (John)Price trend
According to the commodity market analysis system of SunSirs, as of June 29, the average price of industrial grade Lithium hydroxide of domestic Lithium hydroxide enterprises was 332,500.00 RMB/ton, up 1.92% from June 1.
Analysis review
In June, the industrial Lithium hydroxide market rose to a high level. In the first half of the month, the upstream spodumene price was running at a high level, the upstream Lithium carbonate price was stable and rising, and the cost support was stable, which boosted the price supportive mentality of the industry. The enterprise quotation rose. The manufacturers were dominated by long-term orders. The downstream followed up mainly just in needed, and the enthusiasm for inquiry increased. However, the new orders in the market were general, and the wait-and-see atmosphere was strong. In the second half of the month, the cost support continued, the operating rate of downstream material plants increased, and the enthusiasm for market inquiry was fair, but the actual transaction was limited, the capacity utilization rate of production enterprises was limited, and the focus of Lithium hydroxide market negotiation was stable.
The upstream Lithium carbonate, according to the data monitoring of SunSirs: on June 28, the reference price of battery grade lithium carbonate was 312,400.00 RMB/ton, up 0.77% from June 1 (310,000.00 RMB/ton). On June 28, the reference price of industrial grade lithium carbonate was 298,000.00 RMB/ton, up 2.76% from June 1 (290,000.00 RMB/ton).
Market outlook
Lithium hydroxide analysts from SunSirs believe that as of 29th, the cost support still existed, the spot market was in a light trading atmosphere, and the market was in a strong wait-and-see atmosphere. It is expected that in the short term, the domestic lithium hydroxide market may be in a wait-and-see operation, and more attention should be paid to the upstream Lithium carbonate price changes.
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