According to the Commodity Market Analysis System of the Business Society, as of April 25th, the average price of industrial grade lithium hydroxide enterprises in China was 257500.00 yuan/ton, a decrease of 29.93% compared to April 1st.

The industrial grade lithium hydroxide market continued its downward trend in April. In the early days, the upstream lithium carbonate market fell, with poor support for the lithium hydroxide market. Supply side enterprises mainly focus on normal production, while domestic market demand is weak. The spot market transactions are limited, and the mentality of the operators is poor. The lithium hydroxide market is operating weakly. In the middle of the year, the sluggish market for upstream lithium carbonate continued, coupled with weaker downstream demand and lower purchasing intentions, putting pressure on high market prices for transactions and weakening the focus of lithium hydroxide negotiations. In the second half of the year, the cost support is still weak, with abundant market supply and poor demand. Downstream procurement is cautious, and the lithium hydroxide market continues to decline.

Upstream lithium carbonate, according to data monitoring by Business Society, the price of industrial grade lithium carbonate decreased in April 2023. As of April 25, the reference price for lithium carbonate industrial grade was 167000.00, a decrease of 25.65% compared to April 1 (224600.00).

Lithium hydroxide analysts from Business Society believe that current cost and demand support is still insufficient, and the market trading atmosphere is light. It is expected that in the short term, the domestic lithium hydroxide market may operate weakly and steadily, and more attention needs to be paid to market news guidance.