SMM Daily Review: Spot Lithium Carbonate Fell Steadily on August 3

Published: Aug 3, 2026 16:57

Save

[SMM Daily Comment: Spot Lithium Carbonate Fell Steadily on Aug 3]

The SMM spot price of battery-grade lithium carbonate fell steadily today from the previous working day. The lithium carbonate 2609 contract opened low at 137,500 yuan/mt today, then fluctuated lower and dipped quickly, hitting a low of 135,600 yuan/mt; subsequently, bulls stepped in to push prices to a choppy rebound, and the morning session saw fluctuations around the average price line; near midday, bulls concentrated their strength, prices quickly surged past 140,000 yuan/mt and shot up to 140,800 yuan/mt; in the afternoon, faced with bearish selling pressure and profit-taking, prices consolidated and pulled back, and near the close, moved sideways in the 138,800-139,000 yuan range, finally settling down 1.15% at 138,900 yuan/mt, with open interest decreasing by 3,474 lots.

In the spot market, coinciding with the first working day of the month, downstream material plants gradually received long-term contract and customer-supplied shipments. Spot order purchases were cautious, only purchasing as needed when prices were relatively low; upstream lithium chemical plants continued to hold prices firm for spot sales, mainly relying on long-term contracts and additional contract volumes to ensure supply at the beginning of the month. Overall, market inquiries and actual transaction activity decreased.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Lithium Giants' Interim Earnings Soar, Stock Surges Nearly 8-Fold

In H1, Yahua Group’s net profit attributable to the parent company surged 795.48% YoY, and Salt Lake Co. recorded a net profit of 6.169 billion yuan, leveraging its cost advantages in lithium extraction from salt lakes.

1 hour ago

15 hours ago

July battery materials import and export data released: lithium carbonate imports up 93% YoY. How about other segments? [SMM Special]

15 hours ago

[China's NEV Industry Scale Has Exceeded the Million-Unit Level]

[China's NEV Industry Scale Has Exceeded the Million-Unit Level] The State Council Information Office held a press conference titled "A Strong Start to the 15th Five-Year Plan Period," where officials from the Ministry of Industry and Information Technology stated that during the 14th Five-Year Plan period, China's NEV industry scale leaped from the hundred-thousand-unit level to the million-unit level, with annual sales increasing from 1.367 million units to 16.49 million units, and their share of total new car sales rising from 5.4% to 47.9%. The industrial system has become increasingly complete, with China's production of NEVs, power batteries, and key materials accounting for over 70% of the global total. International influence has continued to grow, with products exported to more than 100 countries and regions. During the 15th Five-Year Plan period, efforts will be made to further improve product supply quality, actively and steadily promote pilot programs for the market access and road operation of intelligent connected vehicles, as well as the "Vehicle-Road-Cloud Integration" pilot projects. The supporting usage environment will be optimized to effectively address consumers' post-purchase concerns, encouraging consumers to be willing to buy and use these vehicles with peace of mind.

15 hours ago