According to the data of the business club’s block list, as of May 25, the average price of domestic industrial lithium hydroxide enterprises was 86666.67 yuan / ton, which was flat compared with the previous trading day, increased by 7.88% compared with the price at the beginning of the month, and increased by 34.02% year-on-year in a three-month cycle.

According to customs statistics, in April 2021, China’s lithium hydroxide import volume was 284.59 tons, the import amount of that month was about US $2.43 million, and the average import price of that month was US $8527.75/ton; In April 2021, China’s lithium hydroxide export volume was 5706.80 tons, the export amount of that month was about US $49.56 million, and the average export price of that month was US $8684.04/ton.

Since May, the domestic market price of industrial grade lithium hydroxide has been steadily rising, and then it has been running at a high level. At present, the spot supply is still not loose, and the demand side has performed well. According to the data monitoring of business news agency, the recent price of lithium hydroxide of some enterprises is summarized as follows: the external quotation of Shanghai Yulun industrial grade lithium hydroxide is 92000 yuan / ton; Zigong tongfarong industrial grade lithium hydroxide quoted price is 85000 yuan / ton; Shanghai oujin industrial quoted 83000 yuan / ton for industrial grade lithium hydroxide and 86000 yuan / ton for battery grade lithium hydroxide. The spot price of the merchants is in line with the market, and the actual transaction price is mainly through negotiation.

Upstream lithium carbonate, recent upstream lithium carbonate market stable operation. According to the data monitoring of business news agency, as of May 24, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, up 0.46% compared with the price at the beginning of the month. On May 24, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, up 0.89% compared with the price at the beginning of the month.

Analysts of lithium hydroxide from business news agency believe that the current market spot supply is still tight, and the demand side is favorable, which will boost the market. It is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong, and the specific trend needs to pay more attention to the market information guidance.