SunSirs: The Market of Lithium Hydroxide Was Declining (December 19-22)
December 25 2023 11:24:25 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of December 22, the average price of industrial grade lithium hydroxide in China was 144,800.00 RMB/ton, a decrease of 0.55% compared to Monday's price and a decrease of 75.03% compared to the same period last year.
Analysis review
This week, the domestic industrial grade lithium hydroxide market continued its downward trend. In recent times, the upstream industrial grade lithium carbonate market had been operating weakly, with prices of upstream spodumene concentrate falling and cost support showing weakness. Downstream demand for high nickel materials was still insufficient, and inquiries and purchases mainly followed up on demand. The overall market atmosphere was light, with costs and demand dragging down, and the focus of negotiations in the lithium hydroxide market was downward
Upstream lithium carbonate: Recently, the prices of industrial grade and battery grade lithium carbonate were still in a downward trend, but the price reduction had slightly slowed down. On December 21st, the average domestic mixed price of industrial grade lithium carbonate was 97,400 RMB/ton, a decrease of 4.88% compared to the average price of 102,400 RMB/ton on December 17th, which lacked support for the lithium hydroxide market..
Market outlook
According to analysts from SunSirs Lithium Hydroxide, both costs and demand were weak, and the spot market atmosphere was flat. It is expected that in the short term, the domestic lithium hydroxide market may continue to operate to be weaker, and more attention should be paid to market news guidance.
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