Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 19th, the average price of industrial grade lithium hydroxide in China was 105800.00 yuan/ton, a decrease of 1.31% compared to last Monday’s price.

Recently, the domestic lithium hydroxide market has declined. Recently, the price of spodumene concentrate has been narrow and weak, with upstream lithium carbonate prices falling and cost support showing weakness. The supply side is mainly stable, while downstream high nickel ternary demand has limited follow-up. The demand side has decreased compared to the previous period, and the market inquiry atmosphere is still acceptable. However, there is a clear wait-and-see attitude towards high priced raw materials, and caution is needed to enter the market. The actual transaction volume in the market is still weak, and the focus of negotiations in the lithium hydroxide market is falling.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on May 17th, the reference price for lithium carbonate industrial grade was 106800.00, a decrease of 1.48% compared to May 1st (108400.00). Through observing market changes, the spot market for lithium carbonate has shown a weak decline recently, which lacks support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, short-term demand may still be insufficient in the face of market support, with most businesses adopting a wait-and-see attitude. It is expected that the lithium hydroxide market may continue to operate weakly and steadily in the short term, while still needing to pay attention to changes in upstream lithium carbonate prices.