Based on Mysteel's survey, China's lithium ore transactions were relatively active this week, with lithium converters purchasing actively. The traders made shipment accordingly, while some forward ore stocks were also released. Overall, the available inventories among sampled traders fell continuously, and sampled port inventories further declined, except those at Zhenjiang Port, according to Mysteel's data.
For lithium carbonate, the futures price further declined. Some traders saw weaker sales to downstream buyers. As prices continued to fall, downstream purchasing turned more cautious. At the same time, the lithium refineries were less firm to the prices. As a result, traders' inventories continued to build this week, while spot basis remained weak.
