Navigating the Post-CNY Slump: What's Impacting the Current Trends in Lithium Carbonate Prices?

Published: Feb 21, 2024 16:51

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Lithium carbonate prices dip on sluggish market sentiment post-Chinese New Year. Some companies resume production, but downstream demand struggles.

On February 21st, SMM reports a decrease in lithium carbonate prices. The battery-grade lithium carbonate index is approximately $15,083/ton, down $182/ton from the previous working day. The average price for battery-grade lithium carbonate is approximately $15,276/ton, showing a decrease of $600/ton. Industrial-grade lithium carbonate prices are in the range of $13,530-$14,095/ton, with an average of $13,960/ton, reflecting a drop of $650/ton. Market sentiment for lithium salt remains subdued, with some companies resuming production gradually after the Chinese New Year break, while others continue to hold prices or make slight adjustments. Downstream enterprises, such as cathode manufacturers, have been replenishing their stocks at lower prices, causing a downward shift in overall transaction prices.

If you have any questions regarding the industry data, or the news (e.g. how this can affect your business). Please feel free to reach out to me:

Robin He

SMM Li-ion Battery Materials Department

E: robinhe@smm.cn | T: +86-21-51595884

Inventory Output SMM price price of metal metal prices New Energy new energy prices Lithium Prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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