The lithium carbonate futures price recorded another losing day, with market players yet to fully digest the current bears and shorts entering the futures market. The bears included the macro headwinds brought by US Fed rate hike expectations, revelation of more hidden lithium carbonate stocks questioning supply tightness narrative, improving feedstock supply, as well as slowing ternary cathode production. On the spot market, the basis remained firm, and the spot transactions were relatively slow with players staying on the sidelines, though the spot prices were soft.
