SMM

This week, lithium hydroxide prices continued to decline WoW. Demand side, orders from some ternary cathode material manufacturers performed well, but as the volume of long-term contracts and customer-supplied lithium chemicals could meet current production needs, demand for spot lithium hydroxide was limited, and purchase willingness was weak. Supply side, due to high inventory levels and limited demand growth, the willingness to stand firm on quotes has slightly weakened recently, while the willingness to sell has increased. There was some room for negotiation during transactions, with discounts showing a downward trend. Lithium hydroxide prices are expected to remain on a downward trend in the short term.