SunSirs: Since December, the Lithium Hydroxide Market Had Continued to Decline
December 08 2023 15:19:34 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of December 7th, the average price of industrial grade lithium hydroxide in China was 158,600.00 RMB/ton, a decrease of 8.11% compared to the beginning of the month and a decrease of 72.50% compared to the same period last year.
Analysis review
Since December, the domestic industrial grade lithium hydroxide market had continued to decline. In recent times, the upstream industrial grade lithium carbonate market continued to decline, the prices of upstream spodumene concentrate were weak, the costs continued to decline. The mentality of the industry was insufficient, and downstream inquiries were generally enthusiastic, and they followed up when the prices were low on demand. The market trading atmosphere was light, and the focus of negotiations in the lithium hydroxide market had weakened.
Upstream lithium carbonate: Recently, the prices of industrial grade and battery grade lithium carbonate continued to decline. According to the Commodity Market Analysis System of SunSirs, the average domestic mixed price of industrial grade lithium carbonate on December 7th was 110,000 RMB/ton, a decrease of 10.86% compared to the average price of 123,400 RMB/ton on December 1st, which weakened support for the lithium hydroxide market.
Market outlook
According to Lithium Hydroxide analysts from SunSirs, as of December 7th, the cost side had continued to be weaker, with limited follow-up on the demand side. Market transactions were mainly based on long-term contract orders, and there was still insufficient positive support. It is expected that in the short term, the domestic lithium hydroxide market may continue to operate weakly, and more attention should be paid to market news guidance.
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