SMM Daily Review: February 3 Spot Lithium Carbonate Prices Continued to Decline

Published: Feb 3, 2026 16:08

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The SMM battery-grade lithium carbonate index stood at 150,467 yuan/mt. Battery-grade lithium carbonate was priced at 142,000–165,000 yuan/mt, with an average price of 153,500 yuan/mt Industrial-grade lithium carbonate was priced at 139,000–161,000 yuan/mt, with an average price of 150,000 yuan/mt.

Today, the most-traded lithium carbonate futures contract moved sideways, trading mainly in the range of 137,500–151,900 yuan/mt. In terms of trading activity, upstream lithium chemical plants showed a clear tendency to hold prices firm, with limited willingness to sell spot orders. Downstream material plants, driven by February stockpiling demand, mostly adopted a strategy of buying the dip. Overall market inquiries and transactions remained largely stable.

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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