Weekly market trend of spot lithium hydroxide from 7.21 to 7.24 [SMM Weekly Review]

This week, the price of lithium hydroxide increased significantly WoW, with the average price rising by 3,100 yuan/mt compared to last Thursday. Due to the significant fluctuations in lithium carbonate futures prices, the sentiment for negotiating orders among upstream and downstream players in the lithium hydroxide market has changed considerably compared to the previous period. On the supply side, there is a clear reluctance to budge on prices, with strong reluctance to sell, and spot order quotes have surged in line with the jump in lithium carbonate futures prices. On the demand side, some ternary cathode material manufacturers have a certain willingness to make just-in-time procurement, and the acceptable price range has been forced to rise synchronously, leading to an increase in market prices. At the current lithium carbonate-lithium hydroxide price spread, carbonisation is at the edge of the cost line, and traders may have a certain willingness to carbonise at certain price points of lithium carbonate futures. Coupled with the willingness of some downstream players to stock up, the activity of inquiries and quotes in the current lithium hydroxide market has increased.