SunSirs: Domestic Industrial Lithium hydroxide Market Fell (February 1-6)
February 08 2023 09:26:52 SunSirs (John)
Price trend
According to the bulk list data of SunSirs, the average price of domestic industrial lithium hydroxide enterprises was 500,000.00 RMB/ton as of February 6, down 5.66% from the price on February 1.
Analysis review
The domestic industrial lithium hydroxide market fell this week (2.1-2.6). Recently, the price of lithium carbonate in the upstream had been reduced, which had insufficient support for the lithium hydroxide market. The first-tier manufacturers at the supply end mainly exported, while the overseas prices had fallen. The second-tier manufacturers mainly supplied domestic demand, while the domestic demand was weak. The market transaction atmosphere was light, and the enterprises’ quotation was reduced.
For upstream lithium carbonate, on February 3, the reference price of lithium carbonate - industrial grade was 461,600.00 RMB/ton, down 0.86% from the price on February 1 (465,600.00 RMB/ton).
Market outlook
According to the lithium hydroxide analyst of SunSirs, as of the 6th, the upstream lithium carbonate was in a weak shock, aggravating the wait-and-see atmosphere of the market, the market inquiry increased, but the demand was still weak. It is expected that the domestic lithium hydroxide market will continue to be weaker in the short term.
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