As of June 4, the average price of domestic industrial grade lithium hydroxide enterprises was 88000 yuan / ton, up 0.76% compared with the price at the beginning of the week, 9.54% compared with the price on May 1, and 58.08% compared with the same period last year, according to the data from the business club’s block list.

In May, the market of lithium hydroxide rose steadily and entered into a firm operation in June

In May, the market of domestic industrial grade lithium hydroxide rose steadily. After the May Day holiday, the price of spodumene at the cost side was tight and high, and the demand side performed well, which led to the rise of the market. The offer of enterprises was firm, the spot supply was tight in the middle and late ten days, and the supply and demand support was strong, so the price of lithium hydroxide rose steadily. In June, from the supply side, the spot supply in the market was tight, the positive support on the demand side continued, and the on-site offer continued to be strong.

According to the data monitoring of business news agency, the recent price of lithium hydroxide of some enterprises is summarized as follows: the external quotation of Shanghai Yulun industrial grade lithium hydroxide is 92000 yuan / ton; Zigong tongfarong industrial grade lithium hydroxide external quotation is 87000 yuan / ton; Shanghai oujin industrial quoted 85000 yuan / ton for industrial grade lithium hydroxide and 88000 yuan / ton for battery grade lithium hydroxide. The spot price of the merchants is in line with the market, and the actual transaction price is mainly through negotiation.

Upstream lithium carbonate, entering June, industrial grade and battery grade lithium carbonate prices have been stable. According to the data monitoring of business news agency, as of June 4, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month, and increased by 0.46% compared with that on May 1. On June 4, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, which was the same as that at the beginning of the month, and increased by 0.89% compared with that on May 1.

Business community lithium hydroxide analysts believe that, in general, the current supply and demand side support is strong, and the market favorable supporting factors still exist. It is expected that in the short term, the domestic industrial lithium hydroxide market may be relatively strong, and the specific trend needs to pay more attention to the market information guidance.