This week, lithium hydroxide prices saw a slight uptick.
Supply side, most companies quoted spot orders at 70,000 yuan/mt or above; demand side, most ternary cathode material companies, after stockpiling in the past two weeks, currently have relatively low spot order demand. Additionally, some traders are conducting transactions for both buying and selling based on the monthly average website price without discounts, which has provided some support for the current price increase.
Production side, most companies are producing according to their production schedules, with overall production showing relatively small changes from expectations; in January, some smelters are expected to undergo maintenance and take a break for the Chinese New Year, leading to a continued reduction in the current supply level.
Demand side, ternary material manufacturers saw a slight increase in December, but in January, due to the Chinese New Year holiday and production cuts by small and medium-sized enterprises, overall production is expected to trend downward.
It is expected that lithium hydroxide prices will continue to fluctuate within the current range.
