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SunSirs: The Lithium Hydroxide Market Was Operating Steadily with a Strong Wait-and-see Attitude

March 26 2024 15:07:54     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 22, the average price of industrial grade lithium hydroxide in China was 106,400.00 RMB/ton, an increase of 0.38% compared to March 15 (the reference price of lithium hydroxide was 106,000.00 RMB/ton).

Analysis review

Recently, the domestic industrial grade lithium hydroxide market had been strong and operating, with some holders adjusting their prices flexibly according to their own situation. From a cost perspective, the price of upstream spodumene concentrate had increased, and the upstream lithium carbonate market was stable and rising, providing strong support for the lithium hydroxide market. From the perspective of supply and demand, the recovery of the supply sidewas slow, and the downstream demand for high nickel ternary was gradually increasing. The demand side procurement continued to be in demand, and the market had a strong wait-and-see mentality.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of SunSirs, on March 21st, the reference price for lithium carbonate industrial grade was 108,800.00 RMB/ton, an increase of 12.86% compared to March 1st (96,400.00 RMB/ton). It is expected that the short-term spot price of lithium carbonate will remain stable and wait-and-see, which may have limited support for the lithium hydroxide market.

Market outlook

Analysts from Su Lithium Hydroxide nSirs believe that the market will be mainly wait-and-see in the short term, and transactions will continue to follow closely. It is expected that the lithium hydroxide market may operate on a wait-and-see basis in the short term, and the specific trend still needs to pay attention to the upstream lithium carbonate market.

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