FUNTI's daily electric motorcycle market brief for October 3, 2026: raw material prices, overseas market regulation and China export data, compiled from public sources for importers, distributors and fleet operators.
FUNTI MARKET INTELLIGENCE · October 3, 2026
① Today's Highlights
- Official reserve filing for the west Sichuan "Asian Lithium Belt": Xinhua reported on October 1 that the Jiada lithium mine exploration report passed the Ministry of Natural Resources' reserve review and filing, adding about 1.0468 million tonnes of lithium carbonate equivalent (LCE) and bringing cumulative filed LCE to 2.5310 million tonnes. Takeaway: China's hard-rock lithium resource base keeps deepening; the mid-term view of ample lithium supply is unchanged, and battery procurement need not worry about supply tightening (Xinhua / Chinese Academy of Geological Sciences, 2026-10-01).
- Fiscal policy still underpinning: Finance Minister Lan Fo'an wrote in Qiushi that China will step up counter-cyclical adjustment and make good use of treasury bonds and ultra-long special treasury bonds, keeping deficits and spending at a reasonable scale. Takeaway: fiscal support for domestic demand continues, with limited direct effect on export business; treat it as background for the liquidity environment after markets reopen on October 8 (Xinhua Finance, 2026-10-01).
- Policy check: no new export-control or market-access documents were found today (public information, 2026-10-03).
② Raw Materials & FX
- Lithium carbonate spot kept easing over the holiday: SunSirs quoted battery-grade at RMB 120,000/t and industrial-grade at RMB 118,000/t on October 2, both flat versus October 1; against RMB 156,000/t on September 1, battery-grade fell RMB 36,000, or about 23%, in a month. Takeaway: lithium prices completed a systematic step-down in September, and battery-pack quotes should pass this concession on to customers (SunSirs, 2026-10-02).
- Market status: domestic futures, spot and interbank FX markets are closed from October 1 to 7, with no new metal or FX quotes; the first post-holiday central parity and metal quotes resume on October 8. Takeaway: customer quotes this week follow pre-holiday levels and will be re-calibrated on the first trading day (CFETS / SHFE holiday schedule, 2026-10-03).
③ Overseas Markets
- No significant changes.
FUNTI · Taizhou Fangxiang Technology Co., Ltd.
Daily electric motorcycle market brief for importers, distributors and fleet operators. Figures are compiled from public market sources and industry associations; verify before commercial use.
