According to the Commodity Market Analysis System of SunSirs, as of February 5th, the average price of industrial grade lithium hydroxide in China was 97,600.00 RMB/ton, which WAs unchanged compared to last Monday (January 29th) and a decrease of 80.48% compared to the same period last year.
Analysis review
Recently, the domestic industrial grade lithium hydroxide market had remained stable. Recently, the upstream industrial grade lithium carbonate market had remained stable, with stable prices of spodumene concentrate and limited cost support. Some factories started operating at a low level, and downstream high nickel positive electrode pre holiday reserves had followed suit. Market transactions were still mainly based on long-term contract orders.
Upstream lithium carbonate: On February 4th, the reference price for lithium carbonate battery grade was 100,800.00 RMB/ton, unchanged from February 1st. Recently, the market for industrial grade lithium carbonate had remained stable, which had generally driven the lithium hydroxide market.
Market outlook
According to Lithium Hydroxide analysts from SunSirs, as the holiday approached and the market pace slowed down, businesses were mainly wait-and-see. It is expected that the domestic lithium hydroxide market will remain stable in the short term, and more attention should be paid to market news guidance.
