Price trend

According to the Commodity Market Analysis System of Shengyishe, as of December 7th, the average price of industrial grade lithium hydroxide in China was 158600.00 yuan/ton, a decrease of 8.11% compared to the beginning of the month and a decrease of 72.50% compared to the same period last year.

Since December, the domestic industrial grade lithium hydroxide market has continued to decline. In recent times, the upstream industrial grade lithium carbonate market has continued to decline, with weak prices of upstream spodumene concentrate and a continued decline in costs. The mentality of the industry is insufficient, and downstream inquiries are generally enthusiastic, with a focus on low demand follow-up. The market trading atmosphere is light, and the focus of negotiations in the lithium hydroxide market has weakened.

Upstream lithium carbonate: Recently, the prices of industrial grade and battery grade lithium carbonate have continued to decline. According to the Commodity Market Analysis System of Business Society, the average domestic mixed price of industrial grade lithium carbonate on December 7th was 110000 yuan/ton, a decrease of 10.86% compared to the average price of 123400 yuan/ton on December 1st, which weakened support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, the current cost side continues to be weak, with limited follow-up on the demand side. Market transactions are mainly based on long-term cooperative orders, and there is still insufficient positive support. It is expected that in the short term, the domestic lithium hydroxide market may continue to operate weakly, and more attention should be paid to market news guidance.