According to the bulk list data of business society, as of November 29, the average price of domestic industrial lithium hydroxide enterprises was 173000 yuan / ton, which was the same as that on November 1. It increased by 44.17% year-on-year and 232.69% year-on-year in a three-month cycle.

In November, the price of industrial lithium hydroxide was high. In the first half of the month, the price of raw material spodumene was high, the price of lithium carbonate continued to rise steadily, the cost side supported the market mentality, the supply side was sufficient, the demand side export orders were good, the domestic downstream demand was flat, the market was relatively stable, and the negotiation focus operated stably. In the second half of the month, the price of raw material spodumene rose, the price of lithium carbonate continued to rise, the cost support continued to be strong, the demand side increased, and the enterprise offer operated firmly.

For upstream lithium carbonate, the price of lithium carbonate rose steadily in November, and there is still room for rise in the short term. According to the price monitoring of the business agency, as of November 29, the average price of industrial grade lithium carbonate in East China was 193000.00 yuan / ton, an increase of 5.58% compared with the average price at the beginning of the month. On November 29, the average price of battery grade lithium carbonate in East China was 203200.00 yuan / ton, an increase of 6.61% compared with the average price at the beginning of the month.

Lithium hydroxide analysts of business society believe that at present, the cost support is still strong, and there is little change in supply and demand. It is expected that the domestic industrial lithium hydroxide market may operate at a high level in the short term.