[SMM Analysis] Lithium Hydroxide 2.24-2.27 Weekly Market Trends

This week, spot lithium hydroxide prices edged down slightly WoW. Some upstream lithium chemical plants maintained low production this month due to weaker-than-expected demand and losses, showing a slight softening in their stance to stand firm on quotes. Most ternary cathode material manufacturers experienced a lackluster recovery in demand after the holiday. With relatively high inventory levels, they showed a clear willingness to sell lithium hydroxide, accompanied by price reductions. Coupled with limited recovery in the expected production schedule of ternary cathode materials, the increase in demand for lithium hydroxide fell short of expectations. Overall, market sentiment for lithium hydroxide remained pessimistic, with a clear downward trend in prices in the short term.