According to the Commodity Market Analysis System of Business Society, as of May 11th, the average price of industrial grade lithium hydroxide enterprises in China was 263750.00 yuan/ton, an increase of 7.65% compared to Monday’s price.

The domestic industrial grade lithium hydroxide market rose this week (5.8-5.11). Recently, the upstream lithium carbonate market has continued to rise, gradually increasing support for the lithium hydroxide market. In addition, downstream demand has improved, and the market has a positive attitude towards price. The focus of negotiations in the lithium hydroxide market has risen.

As for upstream lithium carbonate, according to the commodity market analysis system of the business community, the market price of lithium carbonate has risen recently. On May 10, the reference price of lithium carbonate industrial grade was 209000.00, up 20.11% from May 1 (174000.00); On May 10th, the reference price for lithium carbonate battery grade was 235000.00, an increase of 17.5% compared to May 1st (200000.00).

Lithium hydroxide analysts from Business Society believe that the recent strong cost support in the lithium hydroxide market has boosted the mindset of businesses, and the supply and demand support is still acceptable. It is expected that in the short term, the domestic lithium hydroxide market may operate stronger, and more attention needs to be paid to market news guidance.