The CITIC Construction Investment Research Report points out that the gap between tight lithium supply and broad expectations continues to disrupt market sentiment. The progress of the Jiangxi lithium mine's resumption is still a key variable. Even though the Jinba lithium mine has arrived in Hong Kong one after another, the raw material side is still tight, and production recovery is limited. The demand side has remained stable. Downstream material factories have continued to procure during the low season. Some have already begun to prepare stocks for September. They are highly motivated to close positions at a price of 150,000 yuan/ton or less and prepare stocks immediately. In anticipation of the “gold, nine, silver, ten” traditional peak season, spot purchases are expected to continue to strengthen. Market inventory continues to show a trend of elimination. According to SMM, the large sample inventory this week was 78,800 tons, and 0.76 million tons continued to be removed, and it has been showing an accelerated trend of removal for 9 consecutive weeks. Downstream production schedules will continue to rise in September, and the low inventory trend will be maintained. As the peak consumption season arrives, lithium prices may gradually move from long-term expected pricing to recent fundamental pricing, which is optimistic about lithium price performance during the peak season.

The CITIC Construction Investment Research Report points out that the gap between tight lithium supply and broad expectations continues to disrupt market sentiment. The progress of the Jiangxi lithium mine's resumption is still a key variable. Even though the Jinba lithium mine has arrived in Hong Kong one after another, the raw material side is still tight, and production recovery is limited. The demand side has remained stable. Downstream material factories have continued to procure during the low season. Some have already begun to prepare stocks for September. They are highly motivated to close positions at a price of 150,000 yuan/ton or less and prepare stocks immediately. In anticipation of the “gold, nine, silver, ten” traditional peak season, spot purchases are expected to continue to strengthen. Market inventory continues to show a trend of elimination. According to SMM, the large sample inventory this week was 78,800 tons, and 0.76 million tons continued to be removed, and it has been showing an accelerated trend of removal for 9 consecutive weeks. Downstream production schedules will continue to rise in September, and the low inventory trend will be maintained. As the peak consumption season arrives, lithium prices may gradually move from long-term expected pricing to recent fundamental pricing, which is optimistic about lithium price performance during the peak season.