LiCarbonate Daily - April 15th Edition

Spot and Futures Market Overview:

Today's lithium carbonate market demonstrated overall stability with minor adjustments in the futures sector. The SMM battery-grade lithium carbonate index settled at 112,041 yuan/ton (~15,475.28 USD/ton), experiencing a slight drop of 83 yuan/ton. Prices for battery-grade lithium carbonate ranged from 111,500 yuan/ton (~15,400.55 USD/ton) to 114,000 yuan/ton (~15,745.86 USD/ton), maintaining an average of 112,750 yuan/ton (~15,573.20 USD/ton). Industrial-grade lithium carbonate prices also held steady, ranging from 108,800 yuan/ton (~15,027.62 USD/ton) to 110,500 yuan/ton (~15,262.43 USD/ton), with an average price stabilizing at 109,600 yuan/ton.

The market dynamics reflected consistent supply-demand relations, with lithium salt producers reporting that their prices for spot sales remained unchanged, maintaining a firm pricing stance. Many producers indicated that their April supply was fully booked under long-term contracts, leaving no surplus for spot transactions. Downstream cathode manufacturers reported that their long-term purchasing agreements covered the bulk of their sales orders, continuing to favor low-priced or necessary purchasing strategies without significant price changes.

Futures Market Dynamics:

The main futures contract for lithium carbonate (2407) saw a modest decline of 0.53%. The contract opened at 113,200 yuan/ton (~15,635.36 USD/ton) and closed at 111,750 yuan/ton (~15,435.08 USD/ton). Trading volumes were recorded at 107,237 lots, with open interest increasing slightly by 664 lots to 179,104 lots. The day started with a sharp decrease in prices, followed by fluctuations that stabilized by the end of the morning session. The afternoon session began with a brief rise before continuing a downward trend to close.

Downstream Insights and Industry Adaptations:

Some cathode enterprises reported gaps in their long-term supply agreements for raw materials, prompting a preference for more affordable industrial-grade lithium carbonate. Following the recent convergence in price differences between industrial and battery-grade lithium carbonate, these businesses are increasingly looking to purchase lower-priced battery-grade lithium carbonate and lithium hydroxide as alternatives for raw material supplementation.

Concluding Thoughts:

Today’s lithium market exhibits a cautious but stable trading environment with both spot and futures markets showing slight adjustments. While producers continue to uphold firm pricing, the steady state of demand from downstream enterprises supports a balanced market without significant price volatility. As the market continues to adapt, stakeholders are keenly observing these trends to strategize their operations effectively in a tightly supplied yet cautiously optimistic market landscape. ​

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If you have any questions regarding the recent movement of lithium carbonate market (e.g. what caused it and how this can affect your business), or would like to know more comprehensive pricing info on Lithium Carbonate. Please feel free to reach out to me:

Robin He

SMM Li-ion Battery Materials Department

E: robinhe@smm.cn | T: +86-21-51595884