This week, the price of lithium hydroxide continued the downward trend from last week, with expectations of further declines in the short term.
This week, lithium hydroxide prices continued the slight downward trend from last week. Demand side, a small number of ternary cathode material companies reported some spot order pick-up needs during production, with transaction prices remaining at a relatively high level due to large volumes and upstream firms standing firm on quotes. Other downstream ternary cathode material manufacturers showed little willingness to purchase large spot orders, with their psychological price levels and purchase willingness continuously declining following a pessimistic outlook.
In terms of imports and exports, import levels in January-February hit a new low. Specifically, 3,220 mt were exported in January, down 54% MoM, including 2,313 mt to South Korea, down 54% MoM, and 632 mt to Japan, down 61% MoM; 4,324 mt were exported in February, up 34%, with 2,751 mt to South Korea, up 18.91%, and 1,350 mt to Japan, up 113% MoM.
Lithium hydroxide prices are expected to continue the current slight downward trend.
