Lithium Hydroxide Price in USA
- United States: 19115 USD/MT
In Q4 of 2023, lithium hydroxide price in the USA experienced a decline of 36% transitioning from the 3rd quarter and a decrease of 74% from the previous year resulting in the figure of 19,115 USD/MT.
The latest report by IMARC Group, titled "Lithium Hydroxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of lithium hydroxide prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Lithium Hydroxide Prices December 2023:
- United States: 19115 USD/MT
- Japan: 18320 USD/MT
- Belgium: 19015 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting lithium hydroxide price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/lithium-hydroxide-pricing-report/requestsample
Lithium Hydroxide Price Trend- Q4 2023
In April 2023, the lithium hydroxide market in North America experienced bearish movements due to skepticism regarding the recovery of economic conditions and the participation of overseas players. Monthly price analysis from April to June showed a 5% price drop in April from March, a significant 10% decline in May, and an overall price decrease by June. In May, the upstream lithium carbonate market operated weakly, reducing cost support for lithium hydroxide, leading to a drop in its production cost. The domestic market had sufficient raw material inventory to serve downstream players, but actual market transactions were limited due to weak domestic demand. By June, the downtrend in upstream lithium carbonate continued, further weakening support for lithium hydroxide.
Lithium Hydroxide Industry Analysis
In the Asia-Pacific (APAC) region, lithium hydroxide spot prices experienced a significant drop in April. Downstream enterprises, preferring to buy in anticipation of rising prices rather than falling ones, resulted in poor market orders, with most transactions occurring at low prices. Price negotiations were weak, creating a stagnant market, further compounded by insufficient support from upstream lithium carbonate. However, in May, the lithium hydroxide market saw a price rise as upstream lithium carbonate prices increased, slightly providing a boost to the downstream inquiry enthusiasm. Manufacturers performed well with long-term orders, industry price mentality strengthened, and enterprise quotations rose, leading to spot market transactions meeting immediate needs. In early June, continued cost support drove lithium hydroxide prices up, with manufacturers primarily executing long-term procurements while downstream buyers followed suit as needed.
In Europe, the second quarter of 2023 saw lithium hydroxide prices following a bearish path, very similar to the first quarter. This trend was influenced by the ongoing electric car pricing war among major players such as Volkswagen in the Belgian market, leading to reduced offered quotations to attract downstream consumers. The market trading atmosphere was sluggish due to suppressed demand in the downstream battery manufacturing and cathode industry, driven by poor economic conditions. Despite moderate demand in the region, consistent imports maintained a steady supply, with no observed supply chain constraints or port congestion during this period.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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