SunSirs: The Lithium Hydroxide Market Was Weaker in July
July 28 2023 14:39:27     SunSirs (John)Price trend
In July, the domestic industrial lithium hydroxide market was weaker. According to the commodity market analysis system of SunSirs, as of July 27, the average price of domestic industrial lithium hydroxide enterprises was 310,250.00 RMB/ton, down 6.69% from July 1 and down 34.45% from the same period last year.
Analysis review
Supply and demand: In July, the company's shipments were dominated by long-term orders, and the recovery of high nickel ternary demand was less than expected. The downstream was cautious, and the purchase was dominated by rigid demand. The market trading atmosphere was flat, and the weak demand side dragged down the lithium hydroxide market.
Upstream Lithium carbonate: According to the commodity market analysis system of SunSirs, on July 27, the reference price of lithium carbonate industrial grade was 281,000.00 RMB/ton, a decrease of 5.7% compared with July 1 (298,000.00 RMB/ton). On July 27, the reference price of lithium carbonate battery grade was 301,000.00 RMB/ton, which was 3.65% lower than that on July 1 (312,400.00 RMB/ton). In July, the upstream lithium carbonate fell under pressure, which had insufficient support for the lithium hydroxide market, dragging the market mentality.
Market outlook
Analysts from lithium hydroxide SunSirs believe that lithium hydroxide market fell in July due to the drag of upstream lithium carbonate and weak demand. As of July 27th, the price of spodumene concentrate was temporarily stable, and the cost and supply side had some support, but the demand side was weak. Downstream procurement was mainly on demand, and the wait-and-see atmosphere was strong. It is expected that in the short term, the domestic lithium hydroxide market will be deadlocked and consolidated, and more attention should be paid to the price changes of upstream lithium carbonate.
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)