According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 435000.00 yuan/ton as of March 7, down 1.14% from March 1.

The domestic industrial lithium hydroxide market has been weak since March. In the near future, the upstream lithium carbonate continued its downward trend, the support for lithium hydroxide weakened, the production and operation at the supply side were relatively stable, and the market supply was relatively sufficient, but the downstream follow-up was less than expected, and the wait-and-see was the main reason. The market transaction atmosphere was weak, and the quotations of lithium hydroxide enterprises fell steadily.

Upstream lithium carbonate, according to the data monitoring of the Business News Agency, the price of industrial lithium carbonate fell recently. On March 6, the reference price of lithium carbonate – industrial grade was 366600.00, down 4.18% from March 1 (382600.00).

According to lithium hydroxide analysts of the Business Agency, the current decline of lithium carbonate in the upstream continues, the cost of lithium hydroxide is insufficient, the supply side is relatively abundant, and the demand side is slowly recovering. It is expected that the lithium hydroxide market will continue to be weak in the short term.