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Just caught the latest lithium market update from Fubao data - battery-grade lithium carbonate prices jumped 3,000 yuan/ton to hit 168,250 yuan/ton. Industrial-grade also moved up 2,200 yuan/ton. Pretty solid moves for the week.
What's interesting is the inventory side. Total social inventory sits at 100,700 tons but actually ticked down 0.16% week-on-week, which is pretty tight. Meanwhile production ramped up 0.83% to 24,400 tons, so there's decent supply flow. Lithium hydroxide index also climbed 3,000 yuan/ton to 154,833.
The basis index is showing -2,155 yuan/ton though, down 240 from before. Brine discount coefficient dropped to 74% as well. Feels like lithium prices are catching some bid despite inventory staying compressed. Worth watching how this plays out over the next couple weeks.