Price trend

According to the Commodity Market Analysis System of Business Society, as of January 12th, the average price of industrial grade lithium hydroxide in China was 131000.00 yuan/ton, a decrease of 1.95% compared to the beginning of the month and a decrease of 76.04% compared to the same period last year.

Since January, the domestic industrial grade lithium hydroxide market has been operating weakly. In recent times, the upstream industrial grade lithium carbonate market has been operating weakly, with prices of upstream spodumene concentrate falling and insufficient cost support. Downstream demand for high nickel materials has followed slowly, and market transactions are mainly based on long-term cooperative orders, creating a strong wait-and-see atmosphere.

Upstream lithium carbonate: Recently, industrial grade lithium carbonate has maintained a downward trend. According to the monitoring of the commodity market analysis system of Business Society, the domestic mixed average price of industrial grade lithium carbonate was 91600 yuan/ton on January 11, 2024, which is 1.93% lower than the average price of 93400 yuan/ton on January 7, providing weak support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, the current market is still lacking in positive support and the trading atmosphere is weak. It is expected that in the short term, the domestic lithium hydroxide market may experience weak consolidation and operation, and more attention should be paid to market news guidance.