SunSirs: Weak Demand, Lithium Hydroxide Market Was Operating Weakly
September 08 2023 09:43:53 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 7th, the average enterprises’ price of domestic industrial grade lithium hydroxide was 246,500.00 RMB/ton, a decrease of 1.00% compared to September 1st and a decrease of 48.82% compared to the same period last year.
Analysis review
Since September, the domestic industrial grade lithium hydroxide market has declined. Recently, the price of spodumene concentrate slightly declined, the lithium carbonate market declined, and cost support was weakened. Production enterprises mainly relied on long-term orders, while downstream merchants just needed to purchase. The demand side was weak, and the market transaction atmosphere was weak.
Upstream lithium carbonate: Recently, the industrial grade lithium carbonate market was operating weakly. According to the Commodity Market Analysis System of SunSirs, on September 6th, the reference price for lithium carbonate industrial grade was 204,600.00 RMB/ton, a decrease of 2.57% compared to September 1st (210,000.00 RMB/ton), indicating weak support for the lithium hydroxide market.
Market outlook
Lithium hydroxide analysts from SunSirs believe that as of September 7th, cost and demand support were weak, and it is expected that in the short term, the domestic lithium hydroxide market may be weak and wait-and-see, and more attention needs to be paid to market news guidance.
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