SunSirs: Lithium Hydroxide Market Remained Stable and Weaker (October 18-24)
October 25 2023 14:00:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 24th, the average price of industrial grade lithium hydroxide from lithium hydroxide enterprises in China was 203,000.00 RMB/ton, a decrease of 2.40% compared to last Wednesday (October 18th).
Analysis review
Recently, the domestic industrial grade lithium hydroxide market had shown stable and weaker performance. Recently, the price of upstream spodumene concentrate had dropped, and upstream lithium carbonate had temporarily stabilized operation. Cost support had weakened, the operating rate of supply side was low and most of them mainly delivered orders. Terminal demand had not met expectations, and demand side support was weak. The mentality of the industry was average, and it is mainly followed up on demand. The company's quotation was stable but declined.
Upstream lithium carbonate: According to the commodity market analysis system of SunSirs, on October 23, the reference price for lithium carbonate industrial grade was 167,600.00 RMB/ton, an increase of 4.1% compared to October 1 (161,000.00 RMB/ton).
Market outlook
Lithium hydroxide analysts from SunSirs believe that cost support was limited, while demand support was still insufficient. The market atmosphere was light, and it is expected that in the short term, the domestic lithium hydroxide market may be weak and stable, 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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