Based on Mysteel's observation, domestic lithium refineries have remained active in sourcing feedstock, with major players having largely secured their feedstock supply for the second quarter. As a result, their production in Q2 is expected to face limited constraints from raw material availability. At present, traders' spot lithium ore inventories have continued to decline, and stockpiles are becoming increasingly concentrated among leading traders.
In the lithium carbonate market, spot transactions were subdued still. Downstream buyers have been well-stocked and in no rush to purchase, only stepping in to buy on dips when futures prices fell sharply. Meanwhile, lithium carbonate inventories have stopped declining, and spot basis has turned relatively weak.
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