Sou Hu Cai Jing·2025-07-04 10:53Summary of Key Points Core Viewpoint - The lithium carbonate futures market shows a slight decline in the main contract, with a decrease in trading volume and a net short position among the top 20 positions, indicating a cautious sentiment among traders [1][2]. Trading Data - As of July 4, the main contract for lithium carbonate (2509) closed with a change of -0.75%, and the trading volume was 347,700 contracts, a decrease of 79,100 contracts from the previous day [1]. - The total trading volume for all contracts was 431,100 contracts, down by 79,100 contracts compared to the previous day [1]. - The top 20 positions showed a total long position of 371,300 contracts, an increase of 2,348 contracts, while the total short position was 456,700 contracts, a decrease of 679 contracts [1]. Position Changes - The top three long positions were held by: - CITIC Futures: Total position 59,122, increase of 1,505 - Guotai Junan Futures: Total position 48,035, decrease of 1,711 - GF Futures: Total position 31,216, increase of 1,680 [1][3]. - The top three short positions were held by: - Guotai Junan Futures: Total position 102,184, increase of 3,110 - CITIC Futures: Total position 57,414, decrease of 556 - GF Futures: Total position 37,658, decrease of 560 [1][3]. Market Sentiment - The market sentiment appears cautious, as indicated by the net short positions among the top traders and the overall decrease in trading volume [1][4]. - The changes in positions suggest a mixed outlook, with some traders increasing their long positions while others are reducing their short positions [1][3].