Battery-grade Lithium Carbonate Prices Stabilize on March 21st, SMM Daily Report

Published: Mar 21, 2024 15:18

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SMM Daily: Battery-grade lithium carbonate prices stabilized on March 21st. SMM battery-grade lithium carbonate index was at 111,662 yuan/ton, up 305 yuan/ton compared to the previous working day; battery-grade lithium carbonate was priced at 110,000-115,100 yuan/ton, holding steady from the previous working day; industrial-grade lithium carbonate was priced at 106,000-110,000 yuan/ton, with an average price of 108,000 yuan/ton, up 500 yuan/ton from the previous working day. Today, lithium carbonate companies' pricing remains stable, with some lithium salt companies reporting a slight increase in the transaction price of industrial-grade carbonate in the market. However, downstream companies such as the cathode are not showing a strong willingness to purchase battery carbon in the near term, only considering purchasing at lower prices for industrial-grade carbon and quasi-electric carbon. Overall, the spot market trading situation remains relatively subdued.

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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