SMM Daily Comment: Spot Lithium Carbonate Edges Down on July 30

Published: Jul 31, 2026 16:49

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[SMM Daily Review: Spot Lithium Carbonate Edged Down on July 30]

Today, SMM battery-grade lithium carbonate spot price edged down slightly from the previous working day. In the futures market, the lithium carbonate 2609 contract opened lower at 143,900 yuan/mt today, briefly shot up to 144,400 yuan/mt after the opening before being knocked down by bears, then consolidated lower and broke below the average price line. In the morning session, it fluctuated weakly in the range of 142,000-143,500 yuan/mt. Near the end of the morning session, bears mounted a concentrated attack, driving the price quickly down to around 140,000 yuan/mt. In the afternoon, it consolidated at lows, and in the final session, bears pressed again, causing the price to accelerate its decline and hit a new intraday low, touching 137,800 yuan/mt. It finally settled down 4.84% at 137,800 yuan/mt, with open interest decreasing by 3,001 lots.

In the spot market, as it was the month-end, downstream procurement pace slowed down, with purchases mainly made on a dip-buying, as-needed basis. Upstream lithium chemical plants continued to hold spot order prices firm, and additional volumes under long-term contracts increased. Overall, market inquiries and actual transactions remained relatively 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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