SunSirs: The Price of Lithium Hydroxide Had Fallen, and the Market Atmosphere Was Light
December 15 2023 15:00:41 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of December 14th, the average price of industrial grade lithium hydroxide in China was 147,000.00 RMB/ton, a decrease of 6.13% compared to Monday's price and 73.91% compared to the same period last year.
Analysis review
This week, the domestic industrial grade lithium hydroxide market fell. Recently, the industrial grade lithium carbonate market in the upstream had been declining, with weak prices of spodumene concentrate in the upstream, dragging down market sentiment. Downstream procurement had been slow to follow up, with a focus on cautious demand and a strong wait-and-see attitude. Holders were stimulating orders at low prices, and the focus of negotiations in the lithium hydroxide market had weakened.
Upstream lithium carbonate: Recently, the price of industrial grade lithium carbonate had dropped. According to the Commodity Market Analysis System of SunSirs, on December 13th, the reference price for lithium carbonate industrial grade was 103,000.00 RMB/ton, a decrease of 16.53% compared to December 1st (123,400.00 RMB/ton), which weakened support for the lithium hydroxide market.
Market outlook
According to Lithium Hydroxide analysts from SunSirs, as of December 14th, the cost support for lithium hydroxide was insufficient, coupled with poor downstream demand and light market trading. It is expected that the domestic lithium hydroxide market may operate to be weaker in the short term, and more attention should be paid to market news guidance.
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