LiCarbonate Daily - March 29th

Published: Mar 29, 2024 16:47

Source: SMM

Save

March 29th spot market sees stability, with battery-grade index at 108,817 yuan/ton, while futures contract 2407 drops by 1.20%.

Spot Market Analysis: On March 29th, the spot market for lithium carbonate remained stable, with the SMM battery-grade lithium carbonate index reported at 108,817 yuan/ton, marking a decrease of 60 yuan/ton compared to the previous working day. Battery-grade lithium carbonate was quoted at 107,500-112,000 yuan/ton, with an average price of 109,700 yuan/ton, showing no significant change from the previous day. Industrial-grade lithium carbonate prices also held steady, with a price range of 103,000-106,500 yuan/ton and an average price of 104,700 yuan/ton.

Future Contract Analysis: The main contract for lithium carbonate 2407 experienced a decline of 1.20% on March 29th. Opening at 108,900 yuan/ton and closing at 107,050 yuan/ton, the contract saw a trading volume of 204,922 lots, with an open interest of 196,813 lots, indicating a decrease of 3,005 lots from the previous trading day. Despite the initial sharp decline in prices after opening, followed by a rebound and subsequent downturn, the main contract ultimately closed with a decrease of 1.20% from the previous day.

Market Outlook: Recent quotations from lithium salt companies have shown no significant changes, although there has been a resurgence in their willingness to hold prices for spot sales. Meanwhile, downstream industries, such as cathode materials, have maintained a cautious procurement approach after early-week stockpiling, with some companies adopting a wait-and-see attitude. Overall, the lithium carbonate spot market has witnessed stable transaction prices on both the supply and demand sides, indicating a balanced market sentiment with no notable fluctuations.

Combining the spot market analysis with future contract insights, the lithium carbonate market appears to be maintaining stability, with both spot and future prices reflecting consistent trends on March 29th.

If you have any questions regarding the recent movement of lithium carbonate market (e.g. what caused it and how this can affect your business), or would like to know more comprehensive pricing info on Lithium Carbonate. Please feel free to reach out to me:

Robin He

SMM Li-ion Battery Materials Department

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

Futures market Market review Output SMM price price of metal metal prices Energy Storage EV 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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 11, 2026 19:02

[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers

The Democratic Republic of the Congo's cobalt exports are gradually recovering, according to the country's mining report for the first half of 2026. The concentrated release of material should ease China's cobalt feedstock shortage and shift bargaining power toward buyers. With cobalt salt demand weak and smelter margins under pressure, additional arrivals will make it harder for sellers to hold firm, and price concessions will be needed to unlock transactions.

Sep 11, 2026 19:02

Sep 11, 2026 18:17

[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape

Korea’s ESS market moved closer to actual procurement expansion in August as policy support for renewable integration and grid stability became more concrete. Attention focused on the next ESS centralized contract market, distribution-grid projects, and stronger non-price criteria such as safety and supply capability. Actual demand growth will depend on final tender volumes, project execution and battery shipments.

Sep 11, 2026 18:17

Sep 11, 2026 17:49

China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push

[MIIT and eight other departments: China to join ranks of world's automotive powers by 2030] The Ministry of Industry and Information Technology (MIIT) and eight other departments have issued the 15th Five-Year Plan for the Development of the Intelligent Connected NEV Industry. The plan proposes that by 2030, China's advantages across the entire intelligent connected NEV industry chain will be further consolidated, enabling the country to join the ranks of the world's automotive powers. In the Chinese market, passenger NEVs and commercial NEVs are expected to account for 70% and 40% of total new vehicle sales in their respective segments, and vehicles with autonomous driving functions will achieve large-scale application.

Sep 11, 2026 17:49