Lithium Carbonate Market Remains Subdued As Downstream Companies Are Mostly Entering Into Long-Term Contracts

SMM battery-grade lithium carbonate index was 166183 yuan/mt today, a decrease of 393 yuan/mt from the previous working day. Battery-grade lithium carbonate price range was 159,000-171,000 yuan/mt, a decrease of 1,000 yuan/mt from the previous working day; industrial-grade lithium carbonate price range was 152,000-160,000 yuan/mt, down 1,000 yuan/mt.

The current lithium carbonate market remains subdued, with downstream companies mostly entering into long-term contracts and overall purchasing willingness being low. Some companies are forced to ship at low prices under inventory pressure, sending market transactions prices downwards.