According to monitoring data from SunSirs, as of March 21, the average price of industrial grade lithium hydroxide of domestic lithium hydroxide enterprises was 38,6250.00 RMB/ton, a decrease of 6.08% compared to that of on last Thursday (March 16).

　　Analysis review

　　Recently, the domestic industrial grade lithium hydroxide market continued to be weaker. Recently, the price of upstream lithium carbonate had been falling constantly, and the support for cost had weakened. Under the mentality of downstream enterprises buying up and not buying down, the market purchasing atmosphere was depressed, and there was a strong cautious wait-and-see attitude. The actual market transaction was poor, and the market quotation for lithium hydroxide fell.

　　Upstream lithium carbonate: According to data monitoring by SunSirs, the recent downward trend in the prices of industrial and battery grade lithium carbonate had continued to expand. On March 20th, the reference price for industrial grade lithium carbonate was 292,600.00 RMB/ton, a decrease of 23.52% compared to that on March 1st (382,600.00 RMB/ton).

　　Market outlook

　　Lithium hydroxide analysts from SunSirs believe that as of the 21st, upstream lithium carbonate was in a downturn, downstream demand was weak, and the market trading atmosphere was weak. It is expected that the lithium hydroxide market may continue to be weaker in the short term.