[SMM Analysis] LCO: Prices Moved Sideways, Transactions Driven Mainly by Rigid Demand

This week, LCO market prices remained generally stable. Affected by slight fluctuations in raw material lithium carbonate prices, LCO quotations saw some degree of follow-on adjustments, but overall price swings were limited. Demand side, battery cell manufacturers' own raw material inventories were being continuously depleted, and their willingness to restock gradually strengthened, though purchasing behavior remained relatively cautious. Currently, market participants generally maintained a wait-and-see stance, with transactions primarily consisting of rigid-demand orders executed according to established plans. LCO prices are expected to maintain a stable trend in the short term, and close attention should be paid to changes in enterprise orders and procurement plans going forward.

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827