[SMM Daily Review: February 17 Spot Lithium Carbonate Prices Continue to Decline]
SMM battery-grade lithium carbonate index price was 76,083 yuan/mt, down 142 yuan/mt from the previous working day; battery-grade lithium carbonate was at 75,200-77,000 yuan/mt, with an average price of 76,100 yuan/mt, down 150 yuan/mt from the previous working day; industrial-grade lithium carbonate was at 72,850-73,850 yuan/mt, with an average price of 73,350 yuan/mt, down 50 yuan/mt from the previous working day. The price center of spot lithium carbonate continued to move downward. Based on current market transactions, some downstream material plants are mainly restocking on a just-needed basis, with overall purchase willingness remaining weak and a cautious wait-and-see attitude prevailing. Considering the expected increase in domestic lithium carbonate production and overseas import volumes, it is anticipated that the domestic lithium carbonate market will remain in a surplus in February, with spot lithium carbonate prices showing a downward trend accompanied by sideways movement.
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