Spot Lithium Hydroxide Weekly Market Review [SMM Weekly Review], 10.10-10.16

This week, spot lithium hydroxide prices showed a range-bound downward trend WoW.

On the production side, the current lithium carbonate-lithium hydroxide price spread is not significant, coupled with decent performance in downstream demand orders, leading to a relatively clear inclination of lithium chemical plants to produce lithium hydroxide, which brought some incremental supply to the overall market. In terms of market transactions, lithium chemical plants continued to hold back sales sentiment, with little change in the quotation trend.

Most downstream ternary cathode material plants had relatively sufficient order negotiations and stockpiling before the holiday. Current purchasing is only for essential restocking, and overall market transactions are relatively moderate.

Spot lithium hydroxide supply is relatively tight in the near term, and the market is in a continuous destocking trend. Overall circulation is moderate, and the price change range is limited.