Lithium carbonate price decline slows down manufacturers say frankly that there are signs of activity in the market

[lithium carbonate price slowdown manufacturers admit that the market has signs of activity] April 22, after several "10,000 yuan" dips, lithium carbonate prices have not stopped falling, but the downward momentum seems to have slowed down. Data from Shanghai Nonferrous Metals Network on April 21 showed that the price of battery-grade lithium carbonate remained unchanged on that day, with an average price of 178500 yuan per ton, the same as the price on April 20. The relevant person in charge of the Tibetan lithium industry said that there has been a marked increase in the number of business negotiation calls from downstream manufacturers these days, and it feels that there are signs of activity in the market. From the recent communication with downstream enterprises, the inventory of power battery manufacturers is being cleared deeply. Some enterprises have put a new round of raw material procurement on the agenda. The inventory decline of downstream power battery manufacturers and the gradual improvement of capacity utilization will lead to the increase of upstream material procurement. Optimistically, the inventory clearance work of domestic power battery manufacturers may end in May, when the lithium carbonate market is expected to stabilize. (Shanghai Stock Exchange News)