This week, lithium hydroxide prices showed a downward trend WoW. Before the Chinese New Year, most ternary cathode material plants had sufficient stockpiling, but post-holiday demand recovery has been weak, and expectations remain low. As a result, ternary cathode material plants currently lack significant spot order purchasing demand, with some plants even showing a willingness to offload inventory to adjust stock levels. Meanwhile, some upstream lithium chemical plants, facing weak downstream demand and inventory pressure, have not only maintained low production levels but also shown some flexibility in their stance to stand firm on quotes, increasing room for price negotiations. Consequently, market prices have some room for further decline.
In the short term, the lithium hydroxide market lacks upward momentum and shows a downward trend amid weak demand.
