According to the Commodity Market Analysis System of Business Society, as of October 17th, the average price of industrial grade lithium hydroxide enterprises in China was 208000.00 yuan/ton, a decrease of 3.93% compared to October 7th.
After returning from the holiday, the domestic industrial grade lithium hydroxide market has remained stable and fluctuated slightly, and companies have adjusted their prices according to their own situation, with both ups and downs occurring. Recently, upstream spodumene concentrate prices have been operating weakly, with limited support for the lithium hydroxide market. The upward trend in the upstream lithium carbonate market has boosted the mentality of the industry, leading to a slight increase in the lithium hydroxide market. The demand side performance is still average, and the downstream entry mentality is cautious. Market transactions are mainly long-term orders.
Upstream lithium carbonate: According to the commodity market analysis system of Business Society, on October 16th, the reference price for lithium carbonate industrial grade was 159400.00, a decrease of 0.99% compared to October 1st (161000.00).
According to lithium hydroxide analysts from Business Society, there is currently no significant improvement in the demand side, and market transactions are average. It is expected that in the short term, the domestic lithium hydroxide market may remain stable and operate on a wait-and-see basis, and more attention needs to be paid to changes in upstream lithium carbonate prices.
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