SMM Daily Review: Lithium Carbonate Spot Prices Continued to Decline on February 2

Published: Feb 2, 2026 16:48

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The SMM battery-grade lithium carbonate index stood at 154,434 yuan/mt. Battery-grade lithium carbonate was priced at 145,000-166,000 yuan/mt, with an average of 155,500 yuan/mt. Industrial-grade lithium carbonate was priced at 142,000-162,000 yuan/mt, with an average of 152,000 yuan/mt.
The most-traded lithium carbonate futures contract showed a volatile decline. The price fluctuated within the range of 132,400-152,800 yuan/mt. In terms of market transactions, upstream lithium chemical plants showed low willingness to sell spot orders, resulting in sluggish activity; downstream material manufacturers, however, actively inquired at relatively low prices, demonstrating strong purchase willingness, which contributed to relatively active overall market transactions.

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