SunSirs: Lithium Hydroxide Market Declined (July 17-20)

https://www.chemnet.com   Jul 21,2023 SunSirs

According to the commodity market analysis system of SunSirs, as of July 20, the average price of domestic industrial Lithium hydroxide of enterprises was 327,500.00 RMB/ton, 0.38% lower than the price on Monday.

Analysis review

This week, the domestic industrial Lithium hydroxide market was weak. Recently, the price of upstream lithium carbonate declined, which was weak in supporting the lithium hydroxide market, dragging down the confidence of the industry. The enterprise shipments were mainly long-term orders. The downstream demand was light, the market trading atmosphere was flat, and the lithium hydroxide market negotiation focus was lower.

Upstream lithium carbonate, according to the commodity market analysis system of SunSirs: on July 19, the reference price of battery grade lithium carbonate was 305,600.00 RMB/ton, a decrease of 2.18% compared with July 1 (312,400.00 RMB/ton); On July 19, the reference price of industrial grade lithium carbonate was 288,600.00 RMB/ton, a decrease of 3.15% compared with July 1 (298,000.00 RMB/ton).

Market outlook

Analysts of lithium hydroxide from SunSirs believe that as of July 21, the upstream lithium carbonate was downward under pressure and the cost support was weak. In addition, the demand side follow-up was not as expected. It is expected that the domestic lithium hydroxide market will be weaker and wait-and-see in the short term, so more attention should be paid to the market news guidance.

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