This week, lithium oxide prices remained basically flat WoW. In terms of production, some lithium chemical smelters were still under maintenance and are expected to resume production selectively in late February. Additionally, according to public information, certain production lines at a major lithium chemical smelter's facilities will undergo a transition from hydrogen-based to carbon-based production. In the market, most ternary cathode material manufacturers had sufficient stockpiling before the Chinese New Year, resulting in minimal spot order purchasing demand at present, with quotes remaining basically flat. Although some upstream enterprises are undergoing maintenance or upgrades, they continue to sell products due to their large inventory levels, maintaining a firm stance on quotes. However, given the limited downstream demand at this stage, the potential for transaction prices to rise is constrained. Furthermore, buyers and sellers are mostly engaged in price negotiations for new orders, with no large-scale transactions observed so far.
In the short term, spot lithium hydroxide prices are expected to fluctuate within a range.
