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.

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