Price trend

Since November, the lithium hydroxide market has declined. According to the Commodity Market Analysis System of Business Society, as of November 9th, the average price of industrial grade lithium hydroxide enterprises in China was 198000.00 yuan/ton, a decrease of 1.98% compared to the beginning of the month (202000.00 yuan/ton) and a decrease of 65.86% compared to the same period last year.

Entering November, the price of lithium hydroxide in the market has steadily declined, with no significant improvement in downstream demand, weak fundamentals, and a calm trading atmosphere in the market.

Cost side impact:

According to the analysis system chart of the commodity market of the Business Society, the industrial grade lithium carbonate market has shown a downward trend since November, with a strong cautious wait-and-see sentiment in the market and insufficient support for the lithium hydroxide market. The recent weak and stable prices of upstream spodumene concentrate have limited support for the lithium hydroxide market.

Supply and demand impact:

The recent market transactions are mainly based on long-term orders, with weak downstream demand for high nickel materials. Inquiry procurement is cautious and rigid, and supply and demand support for lithium hydroxide market is weak. The market trading atmosphere is light.

Business Society Lithium Hydroxide Analyst believes that in the short term, the upstream lithium carbonate price is weak, and the price of spodumene concentrate is temporarily stable. There is insufficient support for the positive performance of the lithium hydroxide market, and downstream inquiry procurement enthusiasm is not high. It is expected that in the short term, the domestic lithium hydroxide market may be weak, and more attention should be paid to market news guidance.