According to the Commodity Market Analysis System of Business Society, as of May 25th, the average price of industrial grade lithium hydroxide enterprises in China was 305000.00 yuan/ton, which is unchanged compared to Monday’s price.

This week, the domestic industrial grade lithium hydroxide market was operating smoothly. Recently, the upstream lithium carbonate price has fluctuated and reorganized, providing some support for the lithium hydroxide market. However, there has been no significant rebound in demand. Downstream procurement is cautious, and the market wait-and-see atmosphere is becoming stronger. The focus of negotiations in the lithium hydroxide market is stable.

Upstream lithium carbonate, according to the commodity market analysis system of Business Society, on May 24th, the reference price for lithium carbonate industrial grade was 284000.00, an increase of 63.22% compared to May 1st (174000.00); On May 24th, the reference price for lithium carbonate battery grade was 306000.00, an increase of 53% compared to May 1st (200000.00).

According to lithium hydroxide analysts from Business Society, there is still cost support, but demand support is average. Operators are cautious and expect the domestic lithium hydroxide market to operate steadily in the short term. More attention should be paid to market news guidance.