According to the bulk list data of business society, as of December 7, the average price of domestic industrial lithium hydroxide enterprises was 174666.67 yuan / ton, an increase of 0.96% compared with the price on December 1, and a year-on-year increase of 21.58% in a three-month cycle.

The market of industrial lithium hydroxide rose this week. Recently, the price of raw material spodumene has operated strongly, the price of lithium carbonate has increased, the cost support is obvious, the downstream inquiry and procurement atmosphere has improved, and the demand has gradually warmed up, driving the price of lithium hydroxide to rise steadily.

Upstream lithium carbonate, according to the data monitoring of business agency: on December 6, the average price of industrial lithium carbonate in East China was 196600 yuan / ton, an increase of 1.34% compared with the price at the beginning of the month. On December 6, the average price of battery grade lithium carbonate in East China was 208000 yuan / ton, an increase of 1.46% compared with the price at the beginning of the month. The price of lithium carbonate continued to increase this week. With the arrival of the end of the year and the Spring Festival holiday, manufacturers in downstream industries have a strong mood of stock, and the purchase price is rising all the way, while the prices of large manufacturers are rising. In addition, overseas countries gradually enter the New Year holiday, so the port shipping schedule may be delayed, and the market supply will also have a certain impact and gap.

Lithium hydroxide analysts of business society believe that the current strong support on the cost side and the gradual warming of the market trading atmosphere support the manufacturer’s mentality. It is expected that the domestic industrial lithium hydroxide market may be dominated by strong operation in the short term.