SunSirs: The Price of Domestic Industrial Lithium Hydroxide Continued to Be Stable after the Spring Festival
January 30 2023 09:41:49 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 28, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 530,000.00 RMB/ton, which was the same as that of January 20, and decreased by 4.22% compared with that of January 1 (the reference price of lithium hydroxide was 553,333.31 RMB/ton).
Analysis review
After the festival, the domestic industrial lithium hydroxide market continued to be stable. The cost support before the festival was general, the foreign demand was stable, the domestic Spring Festival was approaching, the market transaction was limited, and the enterprise quotation was mainly stable. After the holiday, the market was gradually recovering. The focus of the negotiation was on stability and the wait-and-see atmosphere was strong.
For upstream lithium carbonate, on January 27, the reference price of lithium carbonate - industrial grade was 477,600.00 RMB/ton, down 5.24% from the price on January 1 (504,000.00 RMB/ton).
Market outlook
The lithium hydroxide analyst of SunSirs believes that after the holiday, the demand side is gradually recovering. It is expected that in the short term, the domestic lithium hydroxide market will operate in a stable manner, and more attention should be paid to the impact of upstream lithium carbonate price.
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