June 18 lithium hydroxide price weak operation

Price Quotes

Today, the cash price including tax in China's battery-grade lithium hydroxide monohydrate (LiOH:56.5%) market fell, currently between 58800 and 72600 yuan/ton, with an average price of 65700 yuan/ton, down 300 yuan/ton from yesterday.

Today, China's industrial grade lithium hydroxide monohydrate (LiOH ≥ 56.5%;Na≤ 0.002%) The market acceptance price including tax fell, currently at 49600~59600 yuan/ton, with an average price of 54600 yuan/ton, down 300 yuan/ton from yesterday.

Integrated

Today, the lithium hydroxide market continues to operate weakly, industrial and battery-grade product prices fell simultaneously, mainly affected by the intensification of the contradiction between supply and demand. Upstream, lithium raw material prices stabilized in the short term, but the market's pessimistic expectations of lithium salt prices led to a lack of enthusiasm for smelters to purchase, some enterprises by reducing the operating rate to ease inventory pressure. Downstream battery and materials enterprises due to the terminal new energy vehicle market growth phase slowdown, the demand for high nickel ternary positive material stock weakened, price sentiment is obvious, upstream and downstream price game into a stalemate stage. In addition, although the introduction of overseas lithium futures contracts has enhanced market transparency, the short-term boost to the in stock market is limited, and domestic in stock quotations are still dominated by low volatility.

raw material market

The lithium mine end has recently shown structural strength. Zimbabwe announced a ban on lithium concentrate exports in 2027, triggering concerns about forward supply and rising prices in Africa. However, the rise in mine prices has not been effectively transmitted to the lithium hydroxide link, on the one hand, mining enterprises reluctant to sell sentiment to push up short-term prices.

Downstream Market

The downstream demand side has not improved significantly. The demand for high nickel ternary materials in the power battery field is sluggish, and the cost-effective advantage of iron lithium batteries continues to squeeze the high nickel route, resulting in a lack of enthusiasm for battery-grade lithium hydroxide procurement. Domestic positive materials factory to long-term orders-based, scattered single transactions are scarce, some enterprises turn to lithium carbonate to reduce raw material costs. Export markets show differentiation: although overseas markets maintain import demand, but domestic prices down superimposed on exchange rate fluctuations, export profit margins narrowed, the willingness of enterprises to ship weakened. Growth in the energy storage sector has not yet been an effective pull on lithium hydroxide, and short-term demand growth is limited.

Aftermarket Forecast

Short-term lithium hydroxide prices or continued weak operation. Supply-side maintenance and production reduction efforts are limited, social inventory de-stocking is slow, superimposed on the release of new capacity, excess pressure is difficult to solve. Demand side by the traditional off-season impact of new energy vehicles, three yuan material production is difficult to improve, policy stimulus transmission to the upstream still need time. In the absence of large-scale production cuts or favorable policies, prices may fall further to the low range of the year.