Spot Lithium Hydroxide Weekly Market Review [SMM Weekly Review], 10.17-10.23

This week, the price of lithium hydroxide stopped falling and recovered WoW. In terms of production, some lithium chemical plants saw a slight increase in lithium hydroxide output in recent months due to growing demand and the relatively small lithium carbonate-lithium hydroxide price spread. Regarding market sentiment, lithium chemical plants have limited spot cargo available and hold a persistent reluctance to sell due to tight inventory, driven by increased pickup volume from downstream and battery cell manufacturers; as a result, their quotations rose along with market sentiment. Some downstream ternary cathode material plants mainly made small restocks for rigid demand. With the recovery in lithium carbonate prices, overall inquiries in the lithium hydroxide market increased.

Lithium hydroxide exports in recent months recovered as expected compared to the previous period, while overall supply-demand conditions remained tight. The market continued its destocking trend. Overall spot circulation was moderate, and market price movements may follow the recovery in lithium carbonate.