[SMM Weekly Review] Spot Lithium Hydroxide Market Trends for 5.26-5.29

This week, the decline in lithium hydroxide prices has accelerated. In terms of market sentiment, most downstream buyers primarily rely on long-term agreements and customer-supplied materials for their lithium hydroxide purchases, leaving limited room for spot orders amidst the absence of significant demand growth from downstream sectors. On the supply side, most companies have maintained a relatively stable production pace recently. However, due to generally high inventory levels and limited sales channels, their resistance to price reductions from downstream buyers has somewhat weakened, with transaction discounts deepening compared to the previous period. Coupled with the continuous decline in lithium carbonate prices and the weakening cost support brought about by the rapid fall in lithium ore prices, lithium hydroxide prices are under pressure.