Price trend

According to the Commodity Market Analysis System of Business Society, as of May 11th, the average price of industrial grade lithium hydroxide in China was 107200.00 yuan/ton, which is basically unchanged compared to Monday’s price.

This week, the domestic industrial grade lithium hydroxide market is mainly stable. Recently, the price of spodumene concentrate has decreased narrowly, while the price of upstream lithium carbonate has fluctuated narrowly. The cost support is slightly weak, while the supply side support is still acceptable. Downstream ternary enterprises mainly consume inventory, and high nickel demand is average. The market transaction atmosphere is flat, and the focus of negotiations in the lithium hydroxide market is stable but weak.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on May 10th, the reference price for lithium carbonate industrial grade was 109200.00, an increase of 0.74% compared to May 1st (108400.00). After the holiday, the price of lithium carbonate remained stable and slightly increased, providing limited support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, short-term cost support may be average, coupled with reduced downstream demand, resulting in a weak trading atmosphere and a strong wait-and-see atmosphere in the market. In the short term, the lithium hydroxide market may operate weakly and steadily, and more attention should be paid to market news guidance.