According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 500000.00 yuan/ton as of February 6, down 5.66% from February 1.

The domestic industrial lithium hydroxide market fell this week (2.1-2.6). Recently, the price of lithium carbonate in the upstream has been reduced, which has insufficient support for the lithium hydroxide market. The first-tier manufacturers at the supply end mainly export, while the overseas prices have fallen. The second-tier manufacturers mainly supply domestic demand, while the domestic demand is weak. The market transaction atmosphere is light, and the enterprise quotation has been reduced.

For upstream lithium carbonate, on February 3, the reference price of lithium carbonate – industrial grade was 461600.00, down 0.86% from February 1 (465600.00).

The lithium hydroxide analyst of the Business Agency believes that the current weak shock of upstream lithium carbonate aggravates the wait-and-see atmosphere of the market, and the market inquiries increase, but the demand is still weak. It is expected that the domestic lithium hydroxide market will continue to be weak in the short term.