[SMM Daily Comment: Lithium Carbonate Prices Fell on July 24]
The SMM battery-grade lithium carbonate index stood at 85,644 yuan/ton, down 424 yuan/ton from the previous working day; battery-grade lithium carbonate ranged from 83,900 to 87,900 yuan/ton, with an average price of 85,900 yuan/ton, down 450 yuan/ton from the previous working day; industrial-grade lithium carbonate ranged from 80,300 to 81,600 yuan/ton, with an average price of 80,950 yuan/ton, down 450 yuan/ton from the previous working day. Currently, the material factories' long-term contracts are stable, and they have no clear ideas about inventory preparation. Under the current price trend of lithium carbonate, material factories are still cautious and waiting for the price to continue to bottom out. Lithium salt plants also have a strong sentiment to maintain prices, and the focus of trading has gradually shifted to August. Currently, in the spot market of lithium carbonate, traders' quotation inquiries are relatively frequent. Given the current oversupply situation of lithium carbonate, it is expected that lithium carbonate prices will continue to operate weakly in the future.
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