According to the Commodity Market Analysis System of Business Society, as of October 24th, the average price of industrial grade lithium hydroxide enterprises in China was 203000.00 yuan/ton, a decrease of 2.40% compared to last Wednesday (October 18th).

Recently, the domestic industrial grade lithium hydroxide market has shown stable and weak performance. Recently, the price of upstream spodumene concentrate has dropped, and upstream lithium carbonate has temporarily stabilized operation. Cost support has weakened, with low supply side construction and mainly delivering more orders. Terminal demand has not met expectations, and demand side support is weak. The mentality of the industry is average, and it is mainly for immediate follow-up. The company’s quotation is stable but has declined.

Upstream lithium carbonate: According to the commodity market analysis system of Business Society, on October 23, the reference price for lithium carbonate industrial grade was 167600.00, an increase of 4.1% compared to October 1 (161000.00).

Lithium hydroxide analysts from Business Society believe that current cost support is limited, while demand support is still insufficient. The market atmosphere is light, and it is expected that in the short term, the domestic lithium hydroxide market may be weak and stable, and more attention needs to be paid to market news guidance.