SunSirs: Lithium Hydroxide Prices Fluctuated Slightly, with Average Demand (October 7-17)
October 18 2023 13:38:37 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 17th, the average price of industrial grade lithium hydroxide enterprises in China was 208,000.00 RMB/ton, a decrease of 3.93% compared to October 7th.
Analysis review
After returning from the holiday, the domestic industrial grade lithium hydroxide market was mainly stable with slight fluctuations, and companies had adjusted their prices according to their own situation, with both ups and downs occurring. Recently, upstream spodumene concentrate prices were operating to be weaker, with limited support for the lithium hydroxide market. The upward trend in the upstream lithium carbonate market had boosted the mentality of the industry, leading to a slight increase in the lithium hydroxide market. The demand side performance was still average, and the downstream entry mentality was cautious. Market transactions were mainly long-term orders.
Upstream lithium carbonate: According to the commodity market analysis system of SunSirs, on October 16th, the reference price for industrial grade lithium carbonate was 159,400.00 RMB/ton, a decrease of 0.99% compared to October 1st (161,000.00 RMB/ton).
Market outlook
Lithium hydroxide analysts from SunSirs believe that as of the 17th, there was no significant improvement in the demand side and market transactions were average. It is expected that in the short term, the domestic lithium hydroxide market may remain stable and operate on a wait-and-see basis, with more attention to changes in upstream lithium carbonate prices.
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