According to the commodity market analysis system of the business community, as of July 7, the average price of domestic industrial Lithium hydroxide enterprises was 330000.00 yuan/ton, 0.75% lower than the price on Monday.

The domestic industrial Lithium hydroxide market fell this week. Recently, the upstream Lithium carbonate price has shown a downward trend, weakening the support for the Lithium hydroxide market. The production enterprises are mainly based on long-term orders. The downstream material enterprises are not enthusiastic about purchasing high priced raw materials. The wait-and-see atmosphere is strong, the market trading atmosphere is light, and the focus of Lithium hydroxide market negotiation has declined.

The upstream Lithium carbonate, according to the commodity market analysis system of the business community: on July 6, the reference price of Lithium carbonate industrial grade was 291000.00, a decrease of 2.35% compared with July 1 (298000.00); On July 6, the reference price of Lithium carbonate battery grade was 308600.00, a decrease of 1.22% compared with July 1 (312400.00).

Analysts from Lithium hydroxide business agency believe that the current market is not well supported, and the trading atmosphere is flat. It is expected that in the short term, the domestic Lithium hydroxide market will sort out and operate weak, and more attention should be paid to the market news guidance.