According to the commodity market analysis system of the business community, as of June 29, the average price of domestic industrial Lithium hydroxide enterprises was 332500.00 yuan/ton, up 1.92% from June 1.
In June, the industrial Lithium hydroxide market rose to a high level. In the first half of the month, the upstream Spodumene price was running at a high level, the upstream Lithium carbonate price was stable and rising, and the cost support was stable, which boosted the price mentality of the industry. The enterprise quotation rose. The manufacturer was dominated by long-term orders. The downstream needs to follow up, and the enthusiasm for inquiry increased. However, the new orders in the market were generally closed, and the wait-and-see atmosphere was strong. In the second half of the month, the cost support continued, the operating rate of downstream material plants increased, and the enthusiasm for market inquiry was fair, but the actual transaction was limited, the capacity utilization rate of production enterprises was limited, and the focus of Lithium hydroxide market negotiation was stability.
The upstream Lithium carbonate, according to the data monitoring of the business community: on June 28, the reference price of Lithium carbonate battery grade was 312400.00, up 0.77% from June 1 (310000.00). On June 28, the reference price of Lithium carbonate industrial grade was 298000.00, up 2.76% from June 1 (290000.00).
Analysts from Lithium hydroxide business agency believe that the current cost support still exists, the Spot market transaction atmosphere is light, and the market has a strong wait-and-see atmosphere. It is expected that in the short term, the domestic Lithium hydroxide market will either wait and see to sort out and operate, and more attention should be paid to the upstream Lithium carbonate price changes.
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