In the near term, market concerns over supply stability for 2027 have intensified, with the possibility of forward supply contraction on the horizon. Strong LFP order books in August and September are gradually validating peak-season demand, and prices are expected to trade in a firm but volatile range. Over the medium term, the balance sheet is expected to sustain a month-on-month drawdown through the second half of the year, with lower inventory days providing support. Key factors to monitor include the Jianxiawo restart, overseas shipment arrivals, and the realization of peak-season demand.
