SunSirs: The Lithium Hydroxide Market Was Weakly Operating (July 31-August 4)
August 04 2023 10:21:17 SunSirs (John)
Price trend
This week, the domestic industrial Lithium hydroxide market was weak. According to the commodity market analysis system of SunSirs as of August 4, the average price of domestic industrial Lithium hydroxide enterprises was 289,000.00 RMB/ton, down 6.47% from Monday's price.
Analysis review
In terms of raw materials: the lithium ore market was weak, the price of lithium carbonate dropped, the cost support weakened, and the market mentality was insufficient. According to the commodity market analysis system of SunSirs on August 3, the reference price of lithium carbonate industrial grade was 267,000.00 RMB/ton, a decrease of 2.55% compared with August 1 (274,000.00 RMB/ton).
In terms of supply and demand: Production enterprises mainly focused on long-term orders, while downstream material factories still showed insufficient demand follow-up. Procurement was mainly based on demand, with average enthusiasm and a wait-and-see mentality.
Market outlook
Lithium hydroxide Analysts from SunSirs believe that the current cost and demand side support is insufficient, and the market trading atmosphere is light. It is expected that in the short term, the domestic Lithium hydroxide market will be weak and wait-and-see, and more attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 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)
