The CITIC Construction Investment Securities Research Report pointed out that due to the recent rapid decline in lithium prices, upstream sales reluctance has increased, and price increases are obvious, and prices have remained above 160,000 yuan/ton; at the same time, with downstream purchases at low prices, material factories are more positive in purchasing sentiment below 150,000 yuan/ton, but procurement behavior is still cautious, and the overall situation is dominated by immediate demand. On the supply side, lithium carbonate production declined, and some lithium salt plants were undergoing maintenance as planned, resulting in a significant reduction in spodumene production lines. On the demand side, the July production schedule is expected to continue to grow. The operating rate of the material factory is expected to remain high, and it is expected to increase by more than 5% month-on-month. It is expected that production will continue to grow positively in August. The off-season will not be easy. The peak season can be expected in the fourth quarter.

The CITIC Construction Investment Securities Research Report pointed out that due to the recent rapid decline in lithium prices, upstream sales reluctance has increased, and price increases are obvious, and prices have remained above 160,000 yuan/ton; at the same time, with downstream purchases at low prices, material factories are more positive in purchasing sentiment below 150,000 yuan/ton, but procurement behavior is still cautious, and the overall situation is dominated by immediate demand. On the supply side, lithium carbonate production declined, and some lithium salt plants were undergoing maintenance as planned, resulting in a significant reduction in spodumene production lines. On the demand side, the July production schedule is expected to continue to grow. The operating rate of the material factory is expected to remain high, and it is expected to increase by more than 5% month-on-month. It is expected that production will continue to grow positively in August. The off-season will not be easy. The peak season can be expected in the fourth quarter.