The domestic lithium hydroxide market was weak in January

According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 530000.00 yuan/ton as of January 30, down 4.22% from January 1.

 

PVA

The domestic lithium hydroxide market fell in January. In the first ten days, the supply side was mainly stable, and the export order performance was good, but the upstream lithium carbonate was weak, and the domestic demand side was flat, dragging the market mentality, and the focus of lithium hydroxide market negotiation was weak. In the middle of the year, the upstream lithium carbonate operated weakly, and the support for the lithium hydroxide market was weak. The domestic downstream purchase intention was not high, and the transaction was mainly just needed. In addition, the foreign demand was weakened, and the market mentality was insufficient. The focus of the lithium hydroxide market negotiation was downward. The Spring Festival holiday was approaching, the market transaction was limited, and the enterprise quotation was mainly stable. After the holiday, the market is gradually recovering, the wait-and-see atmosphere is strong, and the focus of negotiation is temporarily stable.

 

Upstream lithium carbonate, according to the data monitoring of the Business News Agency, the price of industrial and battery grade lithium carbonate showed a downward trend in January 2023. As of January 29, the average domestic mixed price of industrial grade lithium carbonate was 473600 yuan/ton, down 6.03% from the average price of 504000 yuan/ton on January 1.

 

According to the lithium hydroxide analyst of the business agency, the price of lithium carbonate in the upstream is mostly stable, and the impact on lithium hydroxide is not significant for the time being. The market is recovering, and wait-and-see is the main factor. It is expected that the domestic lithium hydroxide market will be stable in the short term, and more attention should be paid to the market news guidance.

http://www.pva-china.net