A Glance of China Lithium-ion Battery Materials Market 20260428

Source: Mysteel Apr 28, 2026 09:38

The most-traded GFEX (Guangzhou Futures Exchange) lithium carbonate contract showed a V-shaped trend last week, with the settlement price edging up 1.07% as of April 24 compared with the previous Friday, data showed. With no major catalysts from the news front, the futures market saw intensive wrestling of bulls and bears in the session ending April 24. On the fundamentals, the market's key battleground lies in the bullish expectations but relatively slow inventory digestion. Based on Mysteel's estimation, the May and June outlook indicates a monthly drawdown of more than 10,000 tonnes for each month, thanks to cathode plants maintaining high operating rates and new capacity coming on stream.

A Glance of China Lithium-ion Battery Materials Market 20260428