SunSirs: Lithium Hydroxide Market Declined (July 3-7)
July 10 2023 10:32:07 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of July 7, the average price of domestic industrial Lithium hydroxide enterprises was 330,000.00 RMB/ton, 0.75% lower than the price on Monday.
Analysis review
The domestic industrial Lithium hydroxide market fell this week. Recently, the upstream Lithium carbonate price showed a downward trend, weakening the support for the Lithium hydroxide market. The production enterprises mainly focused on long-term orders. The downstream material enterprises were not enthusiastic about purchasing high priced raw materials. The wait-and-see atmosphere was strong, the market trading atmosphere was light, and the focus of lithium hydroxide market negotiation had declined.
The upstream Lithium carbonate, according to the commodity market analysis system of SunSirs: on July 6, the reference price of lithium carbonate industrial grade was 291,000.00, a decrease of 2.35% compared with July 1 (298,000.00); On July 6, the reference price of lithium carbonate battery grade was 308,600.00, a decrease of 1.22% compared with July 1 (312,400.00).
Market outlook
Lithium hydroxide analysts from SunSirs believe that as of July 7, the market was not well supported, and the trading atmosphere was flat. It is expected that in the short term, the domestic lithium hydroxide market will be weak and sorted out, and more attention should be paid to the market news guidance.
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