As of June 28, the average price of domestic industrial grade lithium hydroxide enterprises was 89666.67 yuan / ton, which was the same as that of last Monday, increased by 2.67% compared with May 28 and 64.02% compared with the same period last year, according to the data of business club’s block list. This week, the market of industrial grade lithium hydroxide was stable at a high level. At present, the spot supply side of the market continues to be tight, the downstream demand is growing steadily, and the market offer is firm.

Output data of lithium hydroxide: in May 2021, the output of lithium hydroxide of major manufacturers in China was 13800 tons, a month on month decrease of 2.13%.

According to the data monitoring of business society, the average price of industrial lithium carbonate in East China on June 28 was 86600 yuan / ton, down 0.46% compared with the price at the beginning of the month. On June 28, the average price of battery grade lithium carbonate in East China was 90400 yuan / ton, down 0.44% compared with the price at the beginning of the month.

According to the lithium hydroxide analysts of business news agency, on the whole, under the support of tight market supply and demand, it is expected that the domestic industrial lithium hydroxide market may rise steadily in the short term, and the specific trend needs more attention to the market information guidance.