According to the commodity market analysis system of the business community, as of June 13, the average price of domestic industrial Lithium hydroxide enterprises was 332500.00 yuan/ton, 1.92% higher than the price on June 1.
Since June, the domestic industrial Lithium hydroxide market has risen slightly and stayed at a high level. Recently, the upstream Spodumene price has been running at a high level, while the upstream Lithium carbonate price has been rising steadily, with strong cost support, which has boosted the price support mentality of the industry. The manufacturers mainly focus on long-term orders, and the downstream purchases are more rigid and need to follow up. The enthusiasm for inquiry is fair, but new orders are limited, and the market has a strong wait-and-see attitude.
The upstream Lithium carbonate, according to the commodity market analysis system of the business community: on June 12, the reference price of Lithium carbonate industrial grade was 296200.00, an increase of 2.14% compared with June 1 (290000.00); On June 12, the reference price of Lithium carbonate battery grade was 316200.00, which was 2% higher than that on June 1 (310000.00).
Analysts from Lithium hydroxide business agency believe that at present, there is still some support on the cost side. Demand side procurement just needs to wait and see carefully, and new orders in the market are generally clinched. It is expected that in the short term, the domestic Lithium hydroxide market will stabilize and wait and see, and more attention should be paid to changes in raw material prices.
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