Lithium Hydroxide Prices Trend in the second quarter of 2023

For the Quarter Ending June 2023

North America:

In April 2023, Lithium hydroxide prices in North America followed a bearish trend, reflecting market skepticism about the recovery of economic conditions and the resurgence of overseas players. Analyzing the monthly price fluctuations from April to June, the price of lithium hydroxide had a slight drop in April, down by 5% compared to March prices, a substantial decline of 10% in May, and an overall decrease in June, settling at USD 54,600 per tonne. In May, the upstream lithium carbonate production operated on a weekly basis, weakening cost support for the lithium hydroxide market and resulting in a reduction in production costs. Additionally, the domestic market had sufficient raw material inventory to meet downstream demands, although actual market transactions were limited due to weak domestic demand. In June, the downtrend in upstream lithium carbonate continued, further weakening support for lithium hydroxide. The market supply remained relatively abundant, demand was subdued, and overall industry sentiment was pessimistic.

APAC:

Following a significant 37% decline, spot prices for lithium hydroxide battery grade ex-Shenzhen reached USD 31,500 per tonne by the week ending on April 21, 2023. Under the prevailing mentality of downstream enterprises preferring to purchase cautiously rather than aggressively, actual orders in the market were lackluster, with many being low-priced orders. There was reduced emphasis on lithium hydroxide price negotiations, resulting in a stagnant market. The support from upstream lithium carbonate was also insufficient for the lithium hydroxide market. However, in May, the lithium hydroxide market began to experience a price increase. During this period, the primary driver was a rise in the price of upstream lithium carbonate, which provided support to the lithium hydroxide market. Downstream inquiries showed slight improvement in enthusiasm. Manufacturers focused on long-term orders, and industry pricing sentiment strengthened, leading to higher quotations from enterprises. The spot market saw transactions primarily based on immediate need. In the first ten days of June, cost support continued to influence lithium hydroxide prices, maintaining an upward trajectory. Manufacturers predominantly executed long-term procurement strategies, while downstream players mainly made need-based purchases. The market exhibited a strong wait-and-see atmosphere.

Get Real Time Prices of Lithium Hydroxide:?https://www.chemanalyst.com/Pricing-data/lithium-hydroxide-1267

Europe:

In the second quarter of 2023, lithium hydroxide prices in Europe continued to follow the bearish trajectory observed in the first quarter. This trend was partly driven by an intensifying pricing war among market giants like Volkswagen in the Belgium market, leading major exporting nations to lower their offered quotations to attract downstream consumers. The market atmosphere was characterized by uncertainty and a lack of clear direction, while trading activity remained subdued. Moreover, demand in the downstream battery manufacturing and cathode industry was suppressed due to challenging economic conditions. According to Chemanalyst's price analysis, the reference price for Battery-grade lithium carbonate was USD 53,410 per tonne, and similarly, the price of lithium hydroxide settled at USD 52,670 per tonne in June 2023. Market participants reported moderate demand in the region, with consistent product imports and a steady supply. During this period, no significant supply chain constraints or port congestion were observed.

?

About Us:?

?

ChemAnalyst?is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

?

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email:?[email protected]

Website:?https://www.chemanalyst.com

?