[SMM Daily Review: February 21 Spot Lithium Carbonate Prices Slightly Declined]
The SMM battery-grade lithium carbonate index price was 76,141 yuan/mt, down 81 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 75,400-76,900 yuan/mt, with an average price of 76,150 yuan/mt, down 70 yuan/mt from the previous working day. Industrial-grade lithium carbonate was priced at 73,150-74,150 yuan/mt, with an average price of 73,650 yuan/mt, remaining flat compared to the previous working day. Based on the current market transaction situation, 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 subsequent increase in domestic lithium carbonate production and overseas import volumes, it is expected that the domestic lithium carbonate market will continue to face a surplus in February, with spot lithium carbonate prices showing a downward trend accompanied by sideways movement.

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