On the capital front, supported by robust demand, profit-taking by early investors gave way to bullish capital re-entering the market at relatively low prices following the pullback. At the same time, supply-side curtailments due to feedstock tightness have also boosted market confidence.
For lithium carbonate, the futures price closed the day in the positive, accompanied by rumor of a delayed restart at the Jianxiawo mine. Mysteel's survey showed that the total lithium carbonate spot transaction volumes fell compared with the previous week, with daily volumes remaining low but rising steadily. Downstream buyers were not in a hurry to build stocks, but show reasonable willingness to purchase on dips when futures prices decline. On the demand side, expectations for an increase in June orders remain intact, with some LFP cathode plants continuing to ramp up new capacity, pointing to higher LFP production schedules in June.
