According to the Zhixin Finance and Economics App, lithium stocks continued to decline. As of press time, Ganfeng Lithium (01772) fell 3.55% to HKD 20.35, while Tianqi Lithium Corporation (09696) fell 1.04% to HKD 28.45.

On the news front, in the first week of June, the downward trend in the price of lithium carbonate futures continued. The main contract, 2407, broke through the 100,000 yuan mark again on June 5 after three months, although it rose slightly by 0.8% to 101150 yuan/ton on June 6. However, the lowest price on the market reached 99300 yuan/ton. On the same day, spot prices continued to fall, and the average price of battery-grade lithium carbonate was 101400 yuan/ton, down 600 yuan/ton from the previous day.

Jianyin Futures pointed out that the current price has not yet reached the psychological purchase price of the cathode factory, and spot transactions are light during the day. Short-term supply-side pressure has not yet eased, and the bearishness of the EU's forthcoming tariff on China's new energy vehicles will suppress China's exports of new energy vehicles, and the possibility of better-than-expected terminal demand is weakening. Against the background of the reality of accumulating inventory pressure and the weakening of demand expectations, lithium carbonate futures are expected to continue to be weak.