Lithium carbonate weekly update (7.24-7.30): continued destocking this week, lithium prices fluctuate in short term

English summary

### Lithium carbonate weekly update (7.24-7.30): continued destocking this week, lithium prices fluctuate in short term Time: 2026-07-31 00:11:26 Content: Lithium carbonate weekly update (7.24-7.30): continued destocking this week, lithium prices fluctuate in short term #Price: Spot lithium carbonate rose this week, while concentrate prices fell. SMM battery-grade was 141.5k yuan/ton, +1.8% WoW; spodumene concentrate (CIF China) was $2,095/ton, -0.48% WoW. The main futures contract LC2609 fell from 145k (2026/7/23) to 141k, down 2.76%. #Inventory: Inventory fell 3,324 tons this week to 84k tons, with destocking of 26k tons from the beginning of 2026. Among them, downstream inventory fell 3,215 tons WoW to 47k tons, smelter inventory increased 1,051 tons WoW to 14k tons, and trader inventory decreased 1,160 tons WoW to 22k tons. Warrants were 39k lots, -4.9% WoW. ...