Lithium Carbonate Weekly Price Forecast

SHANGHAI, Feb 20 (SMM) - Lithium carbonate prices extended the fall last week, and the decline was larger compared to the previous week. The salt plants generally resumed the delivery of long-term orders, and also stroke some deals in the spot market. Cathode active material plants, on the contrary, only partly resumed the delivery of long-term orders due to lower-than-expected orders and made few transactions of lithium salt. Mainstream material manufacturers all lowered their quotations amid bearish sentiment. It is thus expected that lithium carbonate prices will remain on a downward path in the short term.