According to the bulk list data of business cooperatives, as of October 17, the average price of domestic industrial lithium hydroxide enterprises was 505000.00 yuan/ton, 4.84% higher than that on October 8, 6.69% higher than that on a three-month cycle, and 203.61% higher than that on the same period last year.

Recently (10.8-10.17), the market price of domestic industrial lithium hydroxide has risen. The upstream spodumene price is high, and the cost support is still strong. Influenced by the upstream lithium carbonate market rise, the market mentality is boosted. In addition, the demand side increment drives the lithium hydroxide enterprise’s offer upward.

The upstream lithium carbonate, according to the monitoring data of the business community: after the National Day holiday, the prices of industrial and battery grade lithium carbonate continued to rise. On October 14, the reference price of lithium carbonate was 521000.00, an increase of 3.95% compared with October 1 (501200.00).

The lithium hydroxide analysts of the business community believe that the market is still supported by positive factors, driven by upstream lithium carbonate and the steady growth of demand. It is expected that in the short term, the domestic industrial lithium hydroxide market price will be dominated by firm operation, and more attention should be paid to the market news guidance.