Weekly Review And Forecast For Lithium Carbonate And Lithium Hydroxide Market 

SHANGHAI, Aug 7 (SMM) -

In the week ending August 3, the price of lithium carbonate continued to decline, with supply increasing and market circulation abundant. Downstream production cuts led to a temporary expectation of weakened procurement demand, resulting in a market oversupply. Additionally, the continued price drop prompted downstream players to replenish inventory and push for lower prices. Due to a temporary slump in demand and the spot market supply surpassing demand, there is a possibility that prices may fall further in the future.

In the week ending August 3, the price of lithium hydroxide continued to trend downward. Supply was normal with sufficient spot goods. Demand was focused mainly on long-term orders, with weak purchasing intent for individual orders and slightly light spot demand. In conclusion, an oversupply in the market caused prices to fall.