Lithium Carbonate Prices Decline on January 10th, SMM Daily Report Shows

Published: Jan 10, 2024 12:35

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SMM Daily Report: Lithium Carbonate Prices Decline on January 10th
SMM, January 10th – The SMM battery-grade lithium carbonate index was at 95,229 yuan/ton on January 10th, down 35 yuan/ton from the previous working day; the average price of battery-grade lithium carbonate was between 92,000-100,000 yuan/ton, with an average price of 96,000 yuan/ton, remaining unchanged from the previous working day; the industrial-grade lithium carbonate was between 85,000-89,600 yuan/ton, with an average price of 87,300 yuan/ton, down 0.02 yuan/ton from the previous working day.
From the perspective of market supply and demand, as well as the perspective of electric carbon, current smelters are generally quoting stable prices, with downstream wait-and-see sentiment still strong, overall market transactions are relatively light, and overall prices remain stable for the time being. However, the market has recently entered a period of volatility, and the direction is still to be determined.
In terms of industrial carbons, with the decline in market prices, the narrowing of arbitrage opportunities has weakened the downstream purchasing and acceptance strength, and with the weakening demand, some smelters have also lowered their quotes, resulting in a small decline in market prices.

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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