According to the Commodity Market Analysis System of Shengyishe, as of December 26th, the average price of industrial grade lithium hydroxide in China was 133600.00 yuan/ton, a decrease of 22.60% compared to December 1st.

The domestic lithium hydroxide market continued its downward trend in December. Within the month, the upstream lithium carbonate price weakened, the upstream spodumene concentrate market operated weakly, and the cost side continued to decline. The downstream demand for high nickel materials on the demand side was insufficient, and the market shipments were average. Merchants carefully followed up on low prices when picking up goods. The lithium hydroxide market transactions were mainly long-term contract orders, and the spot market atmosphere was light. Holders stimulated orders at low prices, and the focus of lithium hydroxide negotiations weakened.

Upstream lithium carbonate: According to the commodity market analysis system of Business Society, on December 26th, the reference price for lithium carbonate industrial grade was 95800.00, a decrease of 22.37% compared to December 1st (123400.00). The lithium carbonate market declined in December, weakening support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, current cost support is weak, downstream procurement is slow to follow up, market trading enthusiasm is not high, and there is a strong wait-and-see atmosphere. It is expected that the domestic lithium hydroxide market will continue to operate weakly in the short term.