SMM Daily: Feb 18 Spot Lithium Carbonate Prices Edge Up Amid Weak Demand

[SMM Daily Review: February 18 Spot Lithium Carbonate Prices Slightly Increased]

SMM battery-grade lithium carbonate index price was 76,138 yuan/mt, up 55 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 75,300-77,000 yuan/mt, with an average price of 76,150 yuan/mt, up 50 yuan/mt from the previous working day. Industrial-grade lithium carbonate was priced at 72,950-73,950 yuan/mt, with an average price of 73,450 yuan/mt, up 100 yuan/mt from the previous working day. The price center of spot lithium carbonate slightly moved upward. Based on the current market transactions, some downstream material plants mainly restocked 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 volume, it is anticipated that the domestic lithium carbonate market will remain in a surplus state in February, with spot lithium carbonate prices showing a downward trend accompanied by sideways movement.