The lithium carbonate prices further dropped with the market sentiment remaining slightly weak. While the battery cell production scheduling for September will likely maintain growth, there has been signs of a slowdown in new orders relative to overseas year-end energy storage system installation rush, with such stockpiling nearly completed. Nevertheless, the near-term firmness on the fundamentals remain intact, with inventory drawdown expected to continue.
Overall, with the current price levels higher than the monthly average, the prices are potentially more sensitive to bearish news. It is likely that the prices will keep rangebound in the short period with firm fundamentals providing underlying support.
