The domestic lithium market has recently shown a mix of modest supply contraction and off-season demand. Weekly starts continued to rise, lithium extraction from saline lakes and lithium production from mica increased steadily, and overseas mines and saline lake projects also remained stable. Although the short-term stockpiling sentiment of material plants is not high, the active purchase of raw materials at low prices shows that the market has certain expectations for the downward trend of lithium prices. At the same time, global sales growth slowed down, but the domestic market sales rebound, emerging market potential to be explored.

On the spot market, SMM battery-grade lithium carbonate offer is stable, but the volatility of the basis difference is significantly enlarged, indicating that the market supply and demand relationship is more delicate. The upstream price support weakened, while the downstream paid more attention to the LTA contract, and the proportion of customer supply of anode raw materials increased. Imported ore prices continued to decline, and the export volume of overseas mining enterprises increased, but lithium prices have fallen below the cost of some outsourcing, and the market supply is loose.

Although lithium price is facing downward pressure, but the supply side of the small contraction and new project production is expected to support the market. At the same time, demand growth is clear, tram sales rebound, energy storage market heat, market purchases are mainly concentrated in the LTA single. Yesterday's futures market narrow oscillation, the new main continued to increase positions, overseas projects to accelerate the progress of the market to pay attention to the disk key point support. Overall, the lithium market is in a period of adjustment, the future trend needs to pay attention to changes in supply and demand and the progress of new projects.