Lithium Carbonate Prices Stay Stable Amid Weak Demand and Firm Supply Quotes on November 29

[SMM Daily Review: Lithium Carbonate Prices Remain Stable on November 29]

SMM battery-grade lithium carbonate index price was 77,951 yuan/mt, up 9 yuan/mt from the previous working day; battery-grade lithium carbonate was 77,100-79,300 yuan/mt, with an average price of 78,200 yuan/mt, unchanged from the previous working day; industrial-grade lithium carbonate was 74,450-75,450 yuan/mt, with an average price of 74,950 yuan/mt, unchanged from the previous working day. Demand side, downstream material plants are expected to reduce production schedules, and some material plants will conduct destocking as year-end approaches, leading to weak purchasing sentiment. Supply side, lithium chemical smelters are approaching the time for long-term contract negotiations, resulting in a strong sentiment to stand firm on quotes. Overall, the actual market transactions were relatively quiet. Considering the expected reduction in future demand, lithium carbonate spot prices are expected to have a slight downward space.