Decline In Lithium Hydroxide Prices Slowed Down

This week, the decline in lithium hydroxide prices has narrowed. Supply side, most major manufacturers maintained relatively stable production, with most following previous production schedules. Demand side, as customer supply gradually matched orders, ternary cathode material manufacturers did not have significant external procurement needs, leading to a relatively flat market overall. Regarding market sentiment, supply side, due to the fluctuation in lithium carbonate prices, the quoting sentiment was somewhat volatile but remained relatively stable at high levels. Occasionally, low-priced small orders were completed, causing the price spread to widen. The dragging effect of lithium carbonate prices led to a slowing decline in overall prices. It is expected that lithium hydroxide prices will continue to weaken in the future under the premise of overall oversupply.