According to Zhonglianjin, today's lithium carbonate 2609 contract experienced wide fluctuations throughout the day until the close, with a lowest price of 162,000 yuan and a highest price of 168,000 yuan, up by 0.17%.

In terms of inventory data, this afternoon saw reports that the Domestic Lithium Carbonate Social Inventory Index from the Inventory Alliance stood at 140,161, a weekly increase of +4,198 tons. The market subsequently experienced a noticeable dip. Later, SMM released the latest inventory data showing a small sample decrease of -1,238 tons and a large sample decrease of -2,155 tons, maintaining the destocking trend, which led to a rapid market recovery. Although the news of mine production resumption has gradually been priced in, expectations of increased supply are still putting pressure on continued price rises. Additionally, there has recently been a slight increase in warehouse warrants, resulting in substantial delivery and spot market pressure following concentrated cancellations. It is expected that short-term lithium price volatility will narrow, with trading mainly characterized by consolidation and fluctuations.