LiCarbonate Daily - April 9th Update

Market Overview and Price Trends:

The SMM battery-grade lithium carbonate index slightly increased to 111,571 yuan/ton (~15,431.67 USD/ton), up by 6 yuan. Battery-grade lithium carbonate prices were between 110,500 yuan/ton (~15,283.54 USD/ton) and 113,500 yuan/ton (~15,698.48 USD/ton), with the average price at 112,000 yuan/ton (~15,491.01 USD/ton), marking a 150 yuan increase. Industrial-grade lithium carbonate saw prices range from 107,000 yuan/ton (~14,799.45 USD/ton) to 110,000 yuan/ton (~15,214.38 USD/ton), with the average reaching 108,500 yuan/ton (~15,006.92 USD/ton), up by 500 yuan.

Today's lithium carbonate market reflects cautious sentiment among producers and trading companies' interest in securing supplies, against a backdrop of just-in-time purchasing strategies from downstream enterprises. Despite the minimal price increase, the market is navigating through minor fluctuations, closely monitoring supply dynamics and downstream purchasing strategies.

Futures Market Movement:

The lithium carbonate (2407) main futures contract saw a 0.44% rise, opening at 114,000 yuan/ton (~15,767.63 USD/ton) and closing at 114,150 yuan/ton (~15,788.38 USD/ton). The trading volume reached 159,011 lots, with open interest marginally increasing by 400 lots to 184,198 lots. The day began with a notable decline in prices, followed by a recovery, indicating a volatile trading session but ultimately closing with a slight increase.

Concluding Insights:

The lithium carbonate market today demonstrates slight upward adjustments in both the spot and futures markets amidst ongoing cautious sentiment and strategic purchasing. With the lithium-ion battery industry maintaining a balance of robust supply and demand, the market's short-term trajectory is expected to continue with minor fluctuations, underpinned by strategic adjustments from both suppliers and buyers. ​

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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