SunSirs: Upstream and Demand Support Was Poor, and Lithium Hydroxide Market Declined
February 15 2023 14:15:42 SunSirs (John)
Price trend
According to the inspection data of SunSirs, the average price of industrial lithium hydroxide of domestic lithium hydroxide enterprises was 456,666.66 RMB/ton as of February 13, down 8.67% from the price on last Thursday (February 9).
Analysis review
Recently (2.9-2.13), the domestic industrial lithium hydroxide market fell. Recently, the upstream spodumene market was in a weak operation, the upstream lithium carbonate price fell, the market mentality was insufficient, the downstream merchants were not willing to receive goods, the actual market transactions were limited, and most of them were low-price orders. The price focus of lithium hydroxide negotiation fell and the wait-and-see atmosphere was strong.
Upstream lithium carbonate, according to the data monitoring of SunSirs, the price of industrial and battery grade lithium carbonate continued to decline recently. On February 10, the reference price of lithium carbonate - industrial grade was 441,600.00 RMB/ton, down 5.15% from the price on February 1 (465,600.00 RMB/ton).
Market outlook
According to the lithium hydroxide analyst of SunSirs, the upstream lithium carbonate was weak, and the support for the lithium hydroxide market was insufficient. In addition, the follow-up of the demand side was cautious. It is expected that the lithium hydroxide market will be weak in the short term.
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