SunSirs: The Domestic Lithium Hydroxide Market Was Weaker in January
February 01 2023 11:12:54 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 30, the average price of industrial lithium hydroxide in domestic lithium hydroxide enterprises was 530,000.00 RMB/ton, down 4.22% from that of January 1.
Analysis review
The domestic lithium hydroxide market fell in January. In the first ten days, the supply side was mainly stable, and the export order performance was fair, but the upstream lithium carbonate was weak, and the domestic demand side was flat, dragging the market mentality, and the focus of lithium hydroxide market negotiation was weak. In the middle of January, the upstream lithium carbonate operated weakly, and the support for the lithium hydroxide market was weak. The domestic downstream purchase intention was not high, and the deal was just needed. In addition, the foreign demand was weakened, and the market mentality was insufficient. The focus of the lithium hydroxide market negotiation was downward. As the Spring Festival holiday approached, the market transactions were limited, and the quotations of enterprises were mainly stable. After the Spring Festival, the market was gradually recovering, the wait-and-see atmosphere was strong, and the focus of negotiation was temporarily stable.
Upstream lithium carbonate, according to the data monitoring of SunSirs, the price of industrial and battery grade lithium carbonate showed a downward trend in January 2023. As of January 29, the average domestic mixed price of industrial grade lithium carbonate was 473,600 RMB/ton, down 6.03% from the average price of 504,000 RMB/ton on January 1.
Market outlook
According to the lithium hydroxide analyst of SunSirs, the price of lithium carbonate in the upstream is mostly stable, and the impact on lithium hydroxide is not significant for the time being. The market is recovering, and it is mainly wait-and-see. It is expected that the domestic lithium hydroxide market will be stable and sorted in the short term, and more attention should be paid to the market news guidance.
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