According to the Commodity Market Analysis System of Business Society, as of August 21, the average price of domestic industrial grade lithium hydroxide enterprises was 277750.00 yuan/ton, a decrease of 0.89% compared to last Tuesday (August 15) and 11.53% compared to the same period last year.

Recently, the domestic industrial grade lithium hydroxide market has continued to operate weakly. Recently, the lithium ore market has been operating in a weak state, with a sluggish lithium carbonate market and insufficient support for the lithium hydroxide market. Downstream procurement has a cautious attitude, and negotiations on high-end prices in the market have been weak. Transactions are mainly on demand, and the overall atmosphere is average.

Upstream lithium carbonate: Recently, the prices of industrial grade and battery grade lithium carbonate have decreased. According to the Commodity Market Analysis System of Business Society, on August 21, the reference price for lithium carbonate industrial grade was 222000.00, a decrease of 18.98% compared to August 1 (274000.00).

Business Society Lithium Hydroxide Analysts believe that currently, enterprise shipments are mainly based on long-term orders, and demand follow-up is still insufficient. The market atmosphere is flat, and it is expected that in the short term, the domestic lithium hydroxide market may be mainly weak, and more attention needs to be paid to market news guidance.