SMM Daily: Lithium Carbonate Prices Stabilize Amid Weakening Market Sentiment

[SMM Daily Commentary: Lithium Carbonate Prices Stabilize on October 25]

The SMM battery-grade lithium carbonate index price is 73,196 yuan/ton, an increase of 44 yuan/ton compared to the previous working day. The price range for battery-grade lithium carbonate is 71,650-74,950 yuan/ton, with an average price of 73,300 yuan/ton, remaining unchanged from the previous working day. For industrial-grade lithium carbonate, the price range is 68,650-69,650 yuan/ton, with an average price of 69,150 yuan/ton, also unchanged from the previous working day. As the weekend approaches, market inquiries and trading sentiment have weakened. Upstream lithium salt factories continue to maintain a strong stance on price support; some downstream material factories have recently engaged in buying at lower prices. However, the intention to stock up for future needs is not strong at present. Although downstream demand in October remains relatively optimistic, due to current lithium carbonate inventory levels, it is expected that spot prices for lithium carbonate will continue to trend downwards in the near future.