According to the Commodity Market Analysis System of Business Society, as of September 20th, the average price of domestic industrial grade lithium hydroxide enterprises was 219000.00 yuan/ton, a decrease of 10.25% compared to last Friday (September 15th) and a decrease of 54.53% compared to the same period last year.

Recently, the domestic industrial grade lithium hydroxide market has continued to decline. Recently, the spodumene concentrate market has been operating in a weak state, with a decline in the lithium carbonate market, weakened cost support, insufficient follow-up of downstream demand, and cautious procurement. The market trading atmosphere is light, and transactions are mainly long-term orders. The focus of negotiations in the lithium hydroxide market is weakening.

Upstream lithium carbonate: The market for industrial grade lithium carbonate has recently declined. According to the Commodity Market Analysis System of Business Society, on September 19th, the reference price for lithium carbonate industrial grade was 180000.00, a decrease of 14.29% compared to September 1st (210000.00), weakening support for the lithium hydroxide market.

Business Society Lithium Hydroxide Analysts believe that the upstream lithium carbonate market is currently operating in a weak state, with insufficient support for the lithium hydroxide market. In addition, the market demand is weak, and 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.