Downstream Producers Are Cautious About Buying Lithium Carbonate Amid Pressure From Both Upstream And Downstream

Published: Jul 6, 2023 10:44

Source: SMM

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SHANGHAI, Jul 6 (SMM) – SMM battery grade lithium carbonate index was 308,300 yuan/mt on July 5, which was the same as the previous working day.

SHANGHAI, Jul 6 (SMM) – SMM battery grade lithium carbonate index was 308,300 yuan/mt on July 5, which was the same as the previous working day; battery grade lithium carbonate prices were 300,000-315,000 yuan/mt, also the same as the previous working day; industrial grade lithium carbonate prices were 290,000-298,000 yuan/mt, unchanged from the previous working day. With downstream restocking period around the corner, lithium carbonate smelters held offers firm. Yet, end users tried to push for lower cathode material prices. This has put cathode material producers in a dilemma, leaving them cautious about buying lithium carbonate.

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