SMM Daily: Lithium Carbonate Spot Prices Edge Up on Jan 2, Growth Limited

[SMM Daily Review: Lithium Carbonate Spot Prices Slightly Increased on January 2]

The SMM battery-grade lithium carbonate index price was 75,066 yuan/mt, up 45 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 74,100-76,100 yuan/mt, with an average price of 75,100 yuan/mt, up 50 yuan/mt from the previous working day. Industrial-grade lithium carbonate was priced at 71,350-72,350 yuan/mt, with an average price of 71,800 yuan/mt, up 50 yuan/mt from the previous working day. The transaction price center for lithium carbonate spot cargoes slightly increased. Supported by favorable macro trade-in policies, prices showed an upward trend. However, as some material manufacturers' pre-holiday inventory stocking is nearing completion, purchasing sentiment has slightly weakened. Overall, the price increase remains limited. Considering the current signs of weakening supply and demand for lithium carbonate, along with the current market inventory levels of circulating lithium carbonate, it is expected that lithium carbonate spot prices will exhibit sideways movement.