Lithium carbonate spot prices continued to pull back, with further decline expected

This week, lithium carbonate spot prices continued to pull back, with a decline of around 1,000 yuan/mt. Based on the current market transaction situation, downstream LFP plants showed no significant signs of month-end order cuts. With traders selling lithium carbonate at relatively low prices, downstream material plants saw a slight recovery in purchasing demand for essential restocking and short-term restocking, which pulled down the transaction price center of lithium carbonate spot. Currently, lithium carbonate production remains on an upward trend, while demand has stabilized or shown signs of a slight decline. Considering the current situation of increasing supply and stable demand, along with the selling sentiment of lithium chemical smelters and traders, lithium carbonate spot prices are expected to have limited downside room.