【SMM Analysis】Overseas demand weakens, China's lithium hydroxide exports in July plummet by 36%

Aug 20, 2024, at 4:01 pm
SMM

According to customs data, China exported 9,096 mt of lithium hydroxide in July, down 36% MoM and up 5% YoY. Exports to South Korea and Japan reached 5,009 mt and 3,493 mt, accounting for 73% and 24% of China's total exports for the month, respectively. These figures represented a MoM decrease of 52% and an increase of 4%, and a YoY decrease of 15% and 55%, respectively. The average export price of lithium hydroxide in China for the month was $16,255/mt, down 26% MoM and 64% YoY.

Analysis
Cobalt & Lithium

SMM

【SMM Analysis】Overseas demand weakens, China's lithium hydroxide exports in July plummet by 36%

Data: SHFE, DCE market movement (Aug 20)

【SMM Analysis：Domestic and international demand are both weak, and the import and export volumes of refined cobalt have declined】