On the futures market, the LC futures contract nailed a winning day with mild increase. With the gradual digestion of old resources, the quotations of spots edged up, and some traders started to quote against LC 2505, and the premiums were around Yuan 1,000-2,000/tonne higher than quoting against LC 2501. But the buyers became wait-and-see as the quotations were seemingly chaotic. In addition, some players have already successfully reduced the positions on hand. On the demand side, the LFP prices were little changed as the cathode factories held the prices firm. The operating rates were high, but the factories were not in a hurry to stockpile as they believed that the supply would remain sufficient. In this case, they only purchased on rigid demand and turned wait-and-see when the lithium carbonate prices rose.