SMM Daily: Lithium Carbonate Spot Prices Decline Slightly on Feb. 5

[SMM Daily Review: February 5 Spot Lithium Carbonate Prices Edge Down]

The SMM battery-grade lithium carbonate index price was 77,489 yuan/mt, down 168 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 76,900-78,400 yuan/mt, with an average price of 77,650 yuan/mt, down 150 yuan/mt from the previous working day. Industrial-grade lithium carbonate was priced at 74,000-75,000 yuan/mt, with an average price of 74,500 yuan/mt, down 150 yuan/mt from the previous working day. On the first day of post-holiday resumption, most upstream and downstream enterprises remained in a wait-and-see mode, with relatively small fluctuations and stable quotations. Based on the current status of long-term agreements for lithium carbonate between upstream and downstream, downstream material plants are expected to show relatively active demand for spot purchases in the future. However, considering the anticipated strong recovery of a top-tier enterprise's mine-salt operations, this will provide a significant boost to lithium carbonate supply. Spot lithium carbonate prices are expected to have downside room ahead, accompanied by sideways movement.