According to the Commodity Market Analysis System of the Business Society, as of September 13th, the average price of industrial grade lithium hydroxide enterprises in China was 244000.00 yuan/ton, a decrease of 1.01% compared to last Friday (September 8th) and a decrease of 49.34% compared to the same period last year.

Recently, the domestic industrial grade lithium hydroxide market has been operating weakly. Recently, the price of spodumene concentrate has fallen, and the lithium carbonate market is operating weakly, with poor cost support. Downstream demand is recovering slowly, and inquiry procurement continues to be in high demand. There is a strong cautious wait-and-see atmosphere, and enterprises still focus on long-term orders, with limited individual transactions. The focus of negotiations in the lithium hydroxide market is weak.

Upstream lithium carbonate: Recently, the industrial grade lithium carbonate market has continued to decline. According to the Commodity Market Analysis System of Business Society, on September 13th, the reference price for lithium carbonate industrial grade was 192600.00, a decrease of 8.29% compared to September 1st (210000.00), which lacks support for the lithium hydroxide market.

According to lithium hydroxide analysts from Business Society, the current weak cost support combined with weak demand has led to insufficient market atmosphere. It is expected that in the short term, the domestic lithium hydroxide market may be in a weak state and more attention needs to be paid to market news guidance.