According to the Commodity Market Analysis System of Shengyishe, as of November 28th, the average price of industrial grade lithium hydroxide in China was 176600.00 yuan/ton, a decrease of 12.57% compared to November 1st.

The domestic industrial grade lithium hydroxide market was weak in November. The upstream lithium carbonate price continued to decline within the month, and the upstream spodumene concentrate market operated weakly. The cost faced with weakened support from the lithium hydroxide market, coupled with poor demand performance, the market transactions were mainly long-term orders, and the atmosphere for bulk cargo transactions was weak. The downstream demand for high nickel materials was weak, and the enthusiasm for inquiry procurement was not high. The cautious and urgent need to follow up was the main trend. The trading atmosphere in the lithium hydroxide market was flat, and the market was sluggish.

Upstream lithium carbonate: According to the commodity market analysis system of Business Society, on November 27th, the reference price for lithium carbonate industrial grade was 134400.00, a decrease of 15.58% compared to November 1st (159200.00). The lithium carbonate market fell in November, which provided insufficient support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, the current market fundamentals are weak and the trading atmosphere is light. It is expected that the domestic lithium hydroxide market may continue its weak consolidation operation in the short term, and more attention should be paid to market news guidance.