Price trend

According to the Commodity Market Analysis System of Business Society, as of April 25th, the average price of industrial grade lithium hydroxide in China was 107200.00 yuan/ton, an increase of 0.56% compared to last Thursday’s price.

Recently, the industrial grade lithium hydroxide market has been fluctuating and slightly rising. Recently, the price of spodumene concentrate has remained stable, while the price of upstream lithium carbonate has remained stable with a downward trend. The impact on cost is limited, and the supply side is operating at a low level. Manufacturers are mainly maintaining long-term contracts. The demand for high nickel downstream is steadily increasing, and the new energy and energy storage market is performing well. Prior to the holiday, there has been an increase in downstream hard demand stocking, and market participants are mostly wait-and-see. Enterprises can adjust their prices flexibly according to their own situation, resulting in narrow market fluctuations.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on April 24th, the reference price for lithium carbonate industrial grade was 109000.00, an increase of 1.87% compared to April 1st (107000.00). Recently, the price of lithium carbonate has remained stable and slightly declined, providing moderate support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, as downstream pre holiday stocking gradually approaches its end, the market is mainly wait-and-see. It is expected that the lithium hydroxide market may undergo a narrow adjustment in the short term, and more attention needs to be paid to the trend of upstream lithium carbonate.