Price trend

According to the Commodity Market Analysis System of Business Society, as of April 10th, the average price of industrial grade lithium hydroxide in China was 106000.00 yuan/ton, a decrease of 0.56% compared to the beginning of the month.

Since the beginning of April, the domestic industrial grade lithium hydroxide market has been operating with narrow fluctuations, and the atmosphere is slightly deadlocked. Holders are flexible in their quotations, mostly relying on observation. At the raw material level, the price of spodumene concentrate has slightly increased, and the upstream lithium carbonate market is relatively strong, which has boosted the lithium hydroxide market. Terminal demand has rebounded, and downstream positive electrode enterprises mainly purchase in demand. The overall market inquiry atmosphere is active, and actual transactions are average, with a strong wait-and-see attitude.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on April 9th, the reference price of lithium carbonate industrial grade was 109000.00, an increase of 1.87% compared to April 1st (107000.00). Since April, the price of upstream industrial grade lithium carbonate has slightly increased, providing support for the lithium hydroxide market.

Analysts from Shengyishe Lithium Hydroxide believe that short-term cost support still exists, and downstream companies are still cautious in following up on high priced raw materials. The market has a wait-and-see mentality, and it is expected that the lithium hydroxide market may adjust its operation narrowly in the short term. The specific trend still needs to pay attention to market news guidance.