This week, spot lithium carbonate prices continued to decline, with a drop of around 800 yuan/mt.
Based on current market transactions, downstream material plants showed relatively weak purchasing intentions after the Chinese New Year due to sufficient inventory buildup before the holiday. Only a few just-in-time procurement deals were made, with the overall market sentiment remaining cautious and observant. Upstream lithium chemical plants maintained a firm stance on quotes for the 2025 long-term contract discount coefficient and spot lithium carbonate. Overall, the spot lithium carbonate market saw sluggish transactions, with prices continuing to fall.
Supply side, some upstream lithium chemical plants have completed production line maintenance, and production has gradually returned to previous normal levels. Downstream demand remained at pre-holiday production levels, but under the off-season demand in February, the cathode material sector continued the reduction trend from January. Overall, February is expected to see significant inventory buildup of domestic lithium carbonate. Spot lithium carbonate prices are anticipated to have some downside room, accompanied by sideways movement.
