High warehouse receipts + price pressure from African ore arriving at ports. On the 18th, lithium carbonate weakened across the board. Can the demand resilience support the market?

According to data from the Yangtze River Nonferrous Metals Network, on June 18, the average price of Yangtze River comprehensive battery-grade lithium carbonate (99.5%) was 165,000 yuan per ton, down 5,000 yuan per ton from the previous trading day; the average price of industrial-grade lithium carbonate (99.2%) was 162,000 yuan per ton, also down 5,000 yuan per ton in a single day. The decline in the futures market was even more severe. The main lithium carbonate contract closed down 6.58%, at 160,500 yuan per ton.