Mid-week analysis of lithium ore, lithium carbonate and lithium hydroxide prices

Lithium ore:

At the beginning of this week, the price of lithium ore remained basically stable compared with last week, mainly due to the current range fluctuation of lithium carbonate prices. On the supply side, overseas mines still support prices, and holders took the opportunity to raise prices when the price of lithium carbonate rose in the previous period, which led to an increase in the overall market quotation; on the demand side, the current lithium salt price allows traders and lithium salt plants to have hedging space, and the psychological acceptance price has risen, and the market price has rebounded from a low level. At present, when the price of lithium salt and lithium ore fluctuates in the range, the lithium ore market is more active than before, but the wait-and-see sentiment of the demand side has increased, and the downward resistance of lithium ore prices is relatively large in the short term.

Lithium carbonate:

At the beginning of this week, the spot price of lithium carbonate continued to fluctuate upward. Affected by the improvement in demand expectations in July and other market rumors, the spot price stopped falling and stabilized, and showed a slight recovery trend. At the same time, the strong support of some rigid demand has pushed the center of gravity of the spot price to rise further. However, from the supply side, the output level of lithium carbonate remains high, the market oversupply pattern continues, and the industry inventory pressure still exists. In the future, we still need to pay close attention to the actual recovery of demand in July.

Lithium hydroxide:

At the beginning of this week, the price of lithium hydroxide slowed down compared with last week. In terms of production, most companies set production based on sales and produce normally according to production schedules; in terms of market sentiment, downstream companies continue to suppress prices; but in terms of upstream companies, the current prices of lithium carbonate and lithium ore have rebounded, resulting in increased cost support, and the willingness to support prices during transactions is relatively strong, which has slowed down the decline in lithium hydroxide prices. It is expected that the room for lithium hydroxide prices to fall in the short term will be relatively limited.