RE: Voting4 Jun 2026 06:47
Juan Carlos Zuleta
@jczuleta
As of yesterday, 06/03/2026, all lithium prices, domestic and seaborne, as well as chemical and ore, and spot and futures, fell in the Chinese market.
It was the third consecutive day of backwardation in the most-traded futures contract, and the lowest contango in the average Li2CO3 futures price over the last 36 trading days.
'The apparent supply shortage is likely to cause a spike in spot prices soon'.
@Carl Capolingua
Mogan Stanley on #LITHIUM π§: "Higher prices are starting to incentivise supply response, led by Australian restarts and brownfield expansions.
While near-term additions aren't large enough to offset ~117kt deficit for 2026, they could limit medium-term upside"
Macquarie on #LITHIUM π§: "Our channel checks suggest there has been increased speculative participation in GFEX.
While overall visibility remains limited, the proportion of speculative activity could be meaningful, which may explain the recent price volatility.
As such, the futures market could be more reflective of short-term news/sentiment instead of market fundamentals, a βtail wagging the dogβ situation in our view."
Exactly, 'tail wagging the dog, short term volatility'.