Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Business Society, as of December 14th, the average price of industrial grade lithium hydroxide in China was 147000.00 yuan/ton, a decrease of 6.13% compared to Monday’s price and 73.91% compared to the same period last year.
This week, the domestic industrial grade lithium hydroxide market fell. Recently, the industrial grade lithium carbonate market in the upstream has been declining, with weak prices of spodumene concentrate in the upstream, dragging down market sentiment. Downstream procurement has been slow to follow up, with a focus on cautious demand and a strong wait-and-see attitude. Holders are stimulating orders at low prices, and the focus of negotiations in the lithium hydroxide market has weakened.
Upstream lithium carbonate: Recently, the price of industrial grade lithium carbonate has dropped. According to the Commodity Market Analysis System of Business Society, on December 13th, the reference price for lithium carbonate industrial grade was 103000.00, a decrease of 16.53% compared to December 1st (123400.00), which weakened support for the lithium hydroxide market.
According to analysts from Shengyishe Lithium Hydroxide, the current cost support is insufficient, coupled with poor downstream demand and light market trading. It is expected that the domestic lithium hydroxide market may operate weakly in the short term, and more attention should be paid to market news guidance.
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