SunSirs: The Lithium Hydroxide Market Fluctuated within a Narrow Range and Was Operating on a Wait-and-see Basis
April 11 2024 11:12:42 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 10th, the average price of industrial grade lithium hydroxide in China was 106,000.00 RMB/ton, a decrease of 0.56% compared to the beginning of the month.
Analysis review
Since the beginning of April, the domestic industrial grade lithium hydroxide market has been operating with narrow fluctuations, and the atmosphere was slightly deadlocked. Holders were flexible in their quotations, mostly relying on observation. At the raw material level, the price of spodumene concentrate had slightly increased, and the upstream lithium carbonate market was stronger, which had boosted the lithium hydroxide market. Terminal demand had rebounded, and downstream positive electrode enterprises mainly purchased in demand. The overall market inquiry atmosphere was active, and actual transactions were average, with a strong wait-and-see attitude.
Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of SunSirs, on April 9th, the reference price of lithium carbonate industrial grade was 109,000.00 RMB/ton, an increase of 1.87% compared to April 1st (107,000.00 RMB/ton). Since April, the price of upstream industrial grade lithium carbonate had slightly increased, providing support for the lithium hydroxide market.
Market outlook
Lithium Hydroxide Analysts from SunSirs believe that short-term cost support still exists, and downstream companies are still cautious in following up on high priced raw materials. The market has a wait-and-see mentality, and it is expected that the lithium hydroxide market may adjust its operation narrowly in the short term. The specific trend still needs to pay attention to market news guidance.
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