SMM Daily Review: 4 August – Spot Prices for Lithium Carbonate Remain Unchanged

Published: Aug 9, 2026 12:37

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[SMM Daily Review: 4 August – Spot Prices for Lithium Carbonate Remain Unchanged]

Today, SMM’s spot price for battery-grade lithium carbonate remained unchanged from the previous working day. The lithium carbonate 2609 futures contract opened lower today at 138,800 yuan per tonne; following the opening, it fluctuated lower and quickly fell, touching a low of 137,300 yuan per tonne; Subsequently, the entry of bullish capital drove a rapid rebound, with prices surging to around 141,400 yuan per tonne during the morning session; around midday, bulls and bears engaged in a tug-of-war within the 139,500–141,400 yuan per tonne range, with two attempts to reach 141,400 yuan per tonne both meeting selling pressure from short sellers; in the afternoon, prices fluctuated lower, consolidating within a narrow range of 139,300–139,500 yuan per tonne in the final trading session, before ultimately closing 0.84 per cent higher at 139,400 yuan per tonne, with open interest down by 8,337 contracts.

In the spot market, downstream materials manufacturers made essential purchases on the dip; whilst enquiries were relatively active, actual transactions slowed somewhat. Upstream suppliers continued to hold firm on spot prices, with shipments at the start of the month primarily consisting of long-term contract deliveries. Overall, market trading remained relatively subdued.

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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SMM Daily Review: 3 August – Spot Lithium Carbonate Continues to Fall

[SMM Daily Review: 3 August – Spot Lithium Carbonate Continues to Fall] Today, SMM’s spot price for battery-grade lithium carbonate continued to fall compared with the previous working day. The lithium carbonate 2609 contract opened lower today at 137,500 yuan per tonne; following the opening, it fluctuated lower and quickly dipped, touching a low of 135,600 yuan per tonne; Subsequently, long positions drove a volatile rebound, with the price fluctuating around the moving average line during the morning session; as the morning session drew to a close, long positions intensified, propelling the price to rapidly break through the 140,000 yuan mark and surge to 140,800 yuan per tonne. In the afternoon, the price retreated amid selling pressure from short positions and profit-taking, and consolidated within a narrow range of 138,800–139,000 yuan per tonne towards the close, eventually closing down 1.15% at 138,900 yuan per tonne, with open interest decreasing by 3,474 contracts. In the spot market, as it was the first working day of the month, downstream material manufacturers began dispatching goods under long-term contracts and for customer orders; spot buyers remained cautious, purchasing only on an as-needed basis when prices were relatively low. Upstream lithium salt producers continued to maintain their willingness to support prices for spot sales, with the focus at the start of the month on ensuring supply through long-term contracts and contract volume increases. Overall, the level of activity in market enquiries and actual transactions declined somewhat.

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