SMM Daily Review: February 6 Spot Lithium Carbonate Prices Continued to Decline

Published: Feb 6, 2026 17:09

Save

SMM battery-grade lithium carbonate index stood at 136,038 yuan/mt. Battery-grade lithium carbonate was priced at 127,000-142,000 yuan/mt, with an average of 134,500 yuan/mt. Industrial-grade lithium carbonate was priced at 124,000-138,000 yuan/mt, with an average of 131,000 yuan/mt.

Today, the most-traded lithium carbonate futures contract moved sideways, trading mainly between 124,100 yuan/mt and 138,500 yuan/mt. On the trading front, upstream lithium chemical plants showed strong willingness to hold prices firm and limit sales. Downstream material plants adopted a strategy of buying the dip. Currently, stockpiling by downstream material plants ahead of the Chinese New Year in February is nearly complete, and market inquiries and 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.

For any inquiries or to learn 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

19 hours ago

[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]

On April 29, during Geely's Q1 2026 results conference, Gan Jiayue, CEO of Geely Auto Group, stated that the Zeekr 9X will be exported to the Middle East in June, launched in Central Asia in Q3, and enter the European market in Q4. Gan also revealed that the Zeekr 8X will be promoted in overseas markets from Q4 this year to Q1 next year. Data shows that in the first quarter, deliveries of the Zeekr 9X reached 22,000 units.

19 hours ago

[LG Energy Solution posts Q1 operating loss of 207.8 billion won]

LG Energy Solution reported consolidated revenue of 6.6 trillion won in the first quarter, up 1.2% quarter-on-quarter (including approximately 189.8 billion won in North American production incentives). During the same period, it recorded an operating loss of 207.8 billion won. Shipments of pouch-type electric vehicle (EV) batteries declined due to inventory adjustments by major North American customers.

19 hours ago

[SMM Analysis] Why has lithium hydroxide trade reversed as imports continuously exceed exports?

19 hours ago