According to the Commodity Market Analysis System of the Business Society, as of August 13th, the average price of industrial grade lithium hydroxide in China was 284000.00 yuan/ton, a decrease of 1.73% compared to last Monday (August 7th).

This week (8.7-8.13), the domestic industrial grade lithium hydroxide market fell. Recently, the lithium ore market has been operating weakly and steadily, with lithium carbonate prices showing a weak downward trend, weak cost support, flat downstream demand, low enthusiasm for inquiry and procurement, and market transactions mainly based on demand. Holders are actively shipping, resulting in a weak market situation.

Upstream lithium carbonate: According to the commodity market analysis system of Business Society, on August 11th, the reference price for lithium carbonate industrial grade was 248000.00, a decrease of 9.49% compared to August 1st (274000.00).

Analysts from Business Society Lithium Hydroxide believe that the current market is not supported by positive news, and it is expected that in the short term, the domestic lithium hydroxide market may continue to operate in a weak manner. More attention needs to be paid to market news guidance.