SHANGHAI, Dec 29 (SMM) - The SMM spot offers of domestic battery-grade lithium carbonate kept falling recently, losing another 5,500 yuan/mt to 499,000-534,000 yuan/mt today, averaging 516,500 yuan/mt. In just four trading days from December 23rd to December 29th, the spot quotation of lithium carbonate has dropped 29,500 yuan/mt.

SMM research shows that sentiment in the current lithium carbonate market is still poor. Some nickel salt plants held offers firm after completing their annual targets, while others rushed to dump inventory at year-end. On the demand side, cathode active material factories generally reported declines in orders and their lithium salt stocks are sufficient to support production until January 2023. Bearish sentiment on lithium salt prices deterred downstream buyers from stocking. What’s worse, some cathode active material factories even put their lithium carbonate inventories on sale. Talks over next year’s long-term orders were in a deadlock.  Traders also lowered their quotations. SMM expects the price of lithium carbonate to decline further in the short term amid pessimistic sentiment.

For SMM updates on production schedule changes of some enterprises in lithium battery industry chain, please click the link below
https://news.metal.com/newscontent/102051598/SMM-Updates-On-Production-Schedule-Changes-of-Some-Enterprises-in-Lithium-Battery-Industry-Chain-/