According to the bulk list data of business cooperatives, the average price of domestic industrial lithium hydroxide enterprises was 580000.00 yuan/ton as of November 28, up 11.90% compared with November 1, 22.11% year-on-year in a three-month cycle, and 235.26% year-on-year.

The domestic lithium hydroxide market rose in November. From the perspective of cost: the upstream spodumene price is high this month, while the upstream lithium carbonate price stops rising and dips. The cost is still supported by lithium hydroxide, but the market is cautious. From the perspective of supply and demand: in the first half of the month, enterprises mainly delivered long orders, and the market was short of spot supplies. Downstream enterprises increased production scheduling, and the focus of market negotiations moved up. In the second half of the month, the normal production of enterprises was dominant, the demand side was average, the spot transactions on the market were just needed, and the focus of negotiation was stable.

In terms of upstream lithium carbonate, according to the price monitoring of the business community, the price of industrial lithium carbonate will rise first and then fall in November 2022. On November 28, the reference price of lithium carbonate industrial grade will be 579000.00, an increase of 2.66% compared with November 1 (564000.00).

The lithium hydroxide analysts of the business community believe that the cost support still exists at present, the spot transactions in the market are just needed, and the game is mainly wait-and-see. It is expected that in the short term, the domestic lithium hydroxide market will be mainly stable, and more attention should be paid to the market news guidance.