China's lithium carbonate hovered rangebound with market sentiment remaining relatively optimistic, thanks to the combination of continued lithium carbonate inventory destocking, upcoming traditional seasonal high in September and October, as well as spot basis showing signs of improving.
Nevertheless, there still existed tug-of-war between market players in the face of mounting warrants and gradually improving lithium carbonate production with the easing feedstock supply tightness. Market players are advised to watch the destocking pace as well as downstream demand sustainability in the seasonal high and even into 2027.
