For lithium ore, the prices rose continuously last week along with bullish lithium carbonate, with lithium refineries stepping up purchases when lithium prices were around Yuan 160,000/tonne. Both spot transactions and back-pricing deals improved palpably, suggesting sound demand.
For lithium carbonate, the futures price recorded another winning day, with the entering of longs. And the market sentiment was supported by firm demand and lingering supply concerns, following the digestion of mounting warrants and influx of untracked lithium carbonate. On the spot market, the downstream buyers continued to purchase for essential needs. The basis for new cargoes strengthened slightly, and overall transaction volumes picked up. Yet, the high warrants are still worth attention.
