SMM

This week, the price of lithium hydroxide showed an increasing trend of decline WoW. With subdued market sentiment and no significant growth in domestic demand, lithium chemical plants, burdened by high inventory, exhibited a stronger willingness to sell compared to earlier periods. Customs data indicated that export volumes remained low in recent months, further impacting the consumption of lithium hydroxide and increasing the sales pressure on domestic lithium chemical plants. Additionally, the recent decline in ore prices weakened the cost support for lithium hydroxide. Overall, the discounts on spot orders in the domestic upstream and downstream sectors have recently decreased. Coupled with the continuous downward trend in lithium carbonate prices, the decline in lithium hydroxide prices has intensified. Currently, with no significant increase in demand expected, lithium hydroxide prices are more likely to fall than rise.