SunSirs: Lithium Hydroxide Market Continued to Operate Weakly (August 15-21)
August 23 2023 09:43:20 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of August 21, the average enterprises price of domestic industrial grade lithium hydroxide was 277,750.00 RMB/ton, a decrease of 0.89% compared to last Tuesday (August 15) and down 11.53% compared to the same period last year.
Analysis review
Recently, the domestic industrial grade lithium hydroxide market continued to operate weakly. Recently, the lithium ore market was operating in a weak state, lithium carbonate market was sluggish and the support for the lithium hydroxide market was insufficient. Downstream procurement had a cautious attitude, and negotiations on high-end prices in the market were weak. Transactions were mainly on demand, and the overall atmosphere was average.
Upstream lithium carbonate: Recently, the prices of industrial grade and battery grade lithium carbonate had decreased. According to the Commodity Market Analysis System of SunSirs, on August 21, the reference price for industrial grade lithium carbonate was 222,000.00 RMB/ton, a decrease of 18.98% compared to August 1 (274,000.00 RMB/ton).
Market outlook
SunSirs’ Lithium Hydroxide Analysts believe that as of August 21, enterprise shipments were still mainly based on long-term orders, and demand follow-up was still insufficient. The market atmosphere was flat, and it is expected that in the short term, the domestic lithium hydroxide market may be mainly weak, and more attention needs to be paid to market news guidance.
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