[SMM Analysis] The Last Weekly Lithium Hydroxide Market in the Year of the Dragon

At the beginning of this week, lithium hydroxide prices remained stable overall. On the production side, some companies are continuing maintenance and upgrades as planned, resulting in a relatively low operating rate. In the market, the supply side showed a persistent sentiment to stand firm on quotes due to high costs and slow progress in long-term agreements, while on the demand side, transactions gradually diminished as previous stockpiling was largely completed and logistics gradually came to a halt. Regarding the progress of long-term agreement negotiations, upstream and downstream parties continued discussions this week, but due to unclear post-holiday demand conditions, it has been difficult to reach consensus on volumes and discounts at this stage. The lithium hydroxide market was sluggish this week.