Weekly market trend of spot lithium hydroxide 6.3-7.3 [SMM Weekly Review]

This week, the decline in lithium hydroxide prices slowed down WoW. In terms of production, some enterprises continued to adjust their production lines due to the current low price levels, which is expected to have a certain impact on future lithium hydroxide production. In terms of market sentiment, downstream players continued to drive down prices. However, on the upstream side, both lithium carbonate and lithium ore prices have recovered somewhat, leading to stronger cost support. During transactions, there was a strong reluctance to budge on prices, which slowed down the rate of market price decline. It is expected that the downside room for lithium hydroxide prices will be relatively limited in the short term.