SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on May 19

Published: May 19, 2026 18:26

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[SMM Daily Review: Spot Lithium Carbonate Prices Continued to Fall on May 19]

Today, SMM battery-grade spot lithium carbonate prices fluctuated downward compared to the previous working day. Futures side, the lithium carbonate 2609 contract opened high at 191,000 yuan/mt today, then quickly pulled back after the opening. During the morning session, it fluctuated downward and broke below the average price line. Around midday, it accelerated its decline to a daily low of 182,100 yuan/mt (a drop of over 5%). In the afternoon session, it rebounded slightly but struggled to rebound further, weakening again toward the close, ultimately settling down 3.71% at 184,400 yuan/mt, with open interest decreasing by 20,533 lots.

Spot market, lithium carbonate prices pulled back from highs after the previous rapid rally, which notably stimulated downstream inquiries and purchasing enthusiasm. Upstream lithium chemical plants still maintained willingness to hold prices firm, and some enterprises that had hedged at previous highs increased spot order shipments to downstream buyers. Overall, inquiries and actual transactions in the spot market were active. Lithium prices are expected to have limited downside in the short term and are expected to hover at highs.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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