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SunSirs: Under the Drag of Cost and Demand, the Lithium Hydroxide Market Was Operating Weakly

September 15 2023 10:39:30     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 13th, the average price of enterprises’ industrial grade lithium hydroxide in China was 244,000.00 RMB/ton, a decrease of 1.01% compared to last Friday (September 8th) and a decrease of 49.34% compared to the same period last year.

Analysis review

Recently, the domestic industrial grade lithium hydroxide market was operating weakly. Recently, the price of spodumene concentrate had fallen, and the lithium carbonate market was operating weaker, with poor cost support. Downstream demand was recovering slowly, and inquiry procurement continued to be in demand. There was a strong cautious wait-and-see atmosphere, and enterprises still focused on long-term orders, with limited individual transactions. The focus of negotiations in the lithium hydroxide market was weaker.

Upstream lithium carbonate: Recently, the industrial grade lithium carbonate market continued to decline. According to the Commodity Market Analysis System of SunSirs, on September 13th, the reference price for industrial grade lithium carbonate was 192,600.00 RMB/ton, a decrease of 8.29% compared to September 1st (210,000.00 RMB/ton), which lacked support for the lithium hydroxide market.

Market outlook

According to lithium hydroxide analysts from SunSirs, as of September 13th, weak cost support combined with weak demand had resulted in insufficient market atmosphere. It is expected that in the short term, the domestic lithium hydroxide market may be sorted out weakly, and more attention needs to be paid to market news guidance.

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