SMM

This week, spot prices of lithium carbonate continued to rise. Demand side, downstream material plants are currently unclear about the actual order situation for the future, which may pose a risk of order cuts. Coupled with the year-end destocking expectations, recent purchasing sentiment has weakened, with a cautious and wait-and-see attitude prevailing. Upstream lithium chemical smelters have a strong sentiment to stand firm on quotes at this period, mainly transacting with traders, thereby boosting the price center of lithium carbonate transactions this week. Overall, the actual market transactions remain relatively quiet. Considering the demand peak period and the accumulated inventory levels of lithium carbonate, spot prices of lithium carbonate are expected to continue to fluctuate rangebound in the future.