On the eve of the National Day holiday, the spot lithium carbonate market was quite active. Some downstream material plants, affected by varying degrees of reduced customer supply, increased their restock as needed; others prepared inventory before the holiday due to transportation considerations. Overall, pre-holiday downstream purchasing demand was optimistic. Upstream lithium chemical smelters, seeing improved demand, continued to raise prices. Therefore, on the eve of the National Day holiday, the price center of the spot lithium carbonate market moved upward.
On the first day after the holiday, driven by positive macro policy sentiment, upstream lithium chemical smelters further increased their prices. Although most downstream material plants were cautious about the current high lithium chemical prices, some still had restock as needed demands after the holiday, causing the price center of the spot lithium carbonate market to rise on the first day post-holiday. October's downstream demand is expected to remain relatively optimistic, while upstream lithium chemical smelters may still anticipate some reduction; however, considering the current high inventory levels of lithium carbonate, it is expected to somewhat hinder the increase in spot lithium carbonate prices.
