Price trend
According to the Commodity Market Analysis System of Business Society, as of April 16th, the average price of industrial grade lithium hydroxide in China was 106600.00 yuan/ton, an increase of 0.57% compared to last Tuesday (April 9th).
Recently, the lithium hydroxide market has fluctuated and risen narrowly. Recently, the price of spodumene concentrate has been stable, while the upstream lithium carbonate price has remained stable with relatively stable cost support. The supply side finished product inventory is in the middle position, and the downstream high nickel production is extremely stable with an increase. The market atmosphere is active, and the demand side has increased to support the market’s price mentality. However, the downstream intention to buy high priced raw materials is still cautious, and the lithium hydroxide market is mainly subject to narrow adjustments.
Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on April 15th, the reference price for lithium carbonate industrial grade was 108800.00, an increase of 1.68% compared to April 1st (107000.00). Recently, the price of lithium carbonate has undergone a narrow adjustment, which still provides sufficient support for the lithium hydroxide market.
According to analysts from Shengyishe Lithium Hydroxide, the downstream market is currently mainly focused on following up on low demand, with reasonable cost and demand support. Business owners have a strong wait-and-see attitude, and it is expected that the lithium hydroxide market will operate in a narrow range in the short term. The specific trend still needs to pay attention to market news guidance.
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