SMM Daily Review: Spot Lithium Carbonate Prices Edged Down on February 27

Published: Feb 27, 2026 17:11

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[SMM Daily Review: February 27 Spot Lithium Carbonate Prices Edged Down]

Today, SMM lithium carbonate prices edged down slightly compared with the previous working day. On the futures side, the most-traded contract dipped below 170,000 yuan/mt after opening, then rebounded to around 173,000 yuan/mt and fluctuated rangebound. In the afternoon session, prices edged up and hovered around 176,000 yuan/mt until the close, with open interest increasing by about 6,400 lots from the previous trading day.

In terms of actual transactions, offers from upstream lithium chemical plants remained firm, while willingness to sell spot orders weakened compared with the previous day. Downstream material plants showed some recovery in purchase willingness when prices were at relatively low levels, but most remained cautious and adopted a wait-and-see stance. Overall, market inquiries and transactions remained sluggish.

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