SunSirs: Lithium Hydroxide Market Declined (August 7-13)
August 15 2023 14:53:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of August 13th, the average price of industrial grade lithium hydroxide in China was 284,000.00 RMB/ton, a decrease of 1.73% compared to last Monday (August 7th).
Analysis review
This week (8.7-8.13), the domestic industrial grade lithium hydroxide market fell. Recently, the lithium ore market was operating weakly and steadily, lithium carbonate prices were weak and declining. The cost support was weak, downstream demand was flat, inquiry and procurement enthusiasm was not high, and market transactions were mainly in demand. Holders were actively shipping, and the market situation was weaker.
Upstream lithium carbonate: According to the commodity market analysis system of SunSirs, on August 11th, the reference price for lithium carbonate industrial grade was 248,000.00 RMB/ton, a decrease of 9.49% compared to August 1st (274,000.00 RMB/ton).
Market outlook
SunSirs’ Lithium Hydroxide Analysts believe that as of August 13th, there was insufficient support for positive market conditions. It is expected that in the short term, the domestic lithium hydroxide market may continue to operate in a weak manner, and more attention needs to be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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