Spot Lithium Hydroxide Weekly Market Review [SMM Weekly Review] 9.15-9.18

This week, the decline in lithium hydroxide prices narrowed. On the production side, most lithium chemical plants operated steadily according to production schedules, while some flexible production lines resumed lithium hydroxide production due to the short-term reversal of the lithium carbonate-lithium hydroxide price spread. In terms of market sentiment, some ternary cathode material plants stockpiled in advance for the National Day holiday, leading to increased activity in inquiries and purchases. Additionally, some traders seized the price spread opportunity and began stockpiling at low prices. Supported by a favorable market atmosphere, the "produce based on sales" approach of chemical plants, and low inventory levels, enterprises showed a firm reluctance to budge on prices. Moreover, the rebound in lithium carbonate further amplified the reluctance to sell, blocking further downside room for prices. In the short term, prices may maintain sideways movement in line with the trends of lithium ore and lithium carbonate.