LiCarbonate Daily Insights - April 11th Edition

Published: Apr 11, 2024 17:32
Source: SMM
Today's lithium carbonate market remained stable with the SMM index at 112,316 yuan/ton (~15,513.26 USD/ton), while futures dropped by 3.06%, reflecting cautious market optimism.

Market Pulse: Stability Amid Adjustments

Today's lithium carbonate market shows a nuanced equilibrium with the SMM battery-grade lithium carbonate index at 112,316 yuan/ton (~15,513.26 USD/ton), a slight decrease of 308 yuan. Despite this, battery-grade lithium carbonate prices remained stable, spanning 112,000 yuan/ton (~15,469.61 USD/ton) to 114,500 yuan/ton (~15,814.92 USD/ton), with an unwavering average of 113,250 yuan/ton (~15,642.27 USD/ton). The industrial-grade segment mirrored this steadiness, holding its ground with prices between 108,500 yuan/ton (~14,986.19 USD/ton) and 111,500 yuan/ton (~15,400.55 USD/ton), averaging at 110,000 yuan/ton (~15,193.37 USD/ton).

This general stability persists amidst firm pricing sentiment among lithium salt producers, most maintaining their quoted prices with only a few adjusting downwards, suggesting a strong market demand for more competitively priced lithium carbonate stocks from downstream sectors, such as cathode manufacturers, who are gradually increasing their purchasing volumes.

Futures Market Dynamics: A Downward Adjustment

The lithium carbonate (2407) main futures contract took a different path, experiencing a 3.06% decrease. Opening at 115,600 yuan/ton (~15,966.85 USD/ton) and settling at 112,500 yuan/ton (~15,538.67 USD/ton), the contract's trading volume stood at 195,122 lots, with open interest decreasing by 4,150 lots to 180,154 lots. This movement marks a period of correction, showcasing initial volatility followed by a stabilization towards the close.

Refreshing Perspectives: Adapting to Market Sentiments

The day's trading underscores a delicate balance where spot market prices remain steady against a backdrop of selective downstream purchasing, highlighting a preference for competitively priced lithium carbonate amidst broader market adjustments. This scenario reflects a trend of cautious optimism and strategic purchasing as stakeholders navigate through fluctuating price signals and supply-demand dynamics, emphasizing the importance of monitoring both supply-side sentiments and downstream purchasing patterns in understanding the market's direction amidst changing economic landscapes. ​

* You can subscribe to LiCarbonate Daily and it will be sent to your email daily; To subscribe, simply send an email to me : robinhe@smm.cn *

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

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
China to Exempt Sodium-Ion, Solid-State and Other New Battery Technologies from Consumption Tax
6 hours ago
China to Exempt Sodium-Ion, Solid-State and Other New Battery Technologies from Consumption Tax
Read More
China to Exempt Sodium-Ion, Solid-State and Other New Battery Technologies from Consumption Tax
China to Exempt Sodium-Ion, Solid-State and Other New Battery Technologies from Consumption Tax
China's Ministry of Finance, General Administration of Customs and State Taxation Administration announced that, effective September 1, 2026, consumption tax policies for certain battery products will be adjusted in phases. Under the new policy, sodium-ion batteries, solid-state batteries, fuel cells, and photovoltaic batteries including perovskite, tandem and gallium arsenide cells will be exempt from consumption tax.
6 hours ago
Putailai Expects H1 Net Profit to Rise 33%-42% as Lithium Battery Product Shipments Grow
6 hours ago
Putailai Expects H1 Net Profit to Rise 33%-42% as Lithium Battery Product Shipments Grow
Read More
Putailai Expects H1 Net Profit to Rise 33%-42% as Lithium Battery Product Shipments Grow
Putailai Expects H1 Net Profit to Rise 33%-42% as Lithium Battery Product Shipments Grow
Putailai expects its first-half 2026 net profit attributable to shareholders to reach 14-15 billion yuan, up 32.66%-42.14% YoY. The company said global energy transition continued to drive demand for electric vehicles and energy storage, while exports of EV, energy storage and battery-related products remained strong. Against a backdrop of tight upstream material and equipment supply and lagging battery supply chain capacity expansion, shipments of the company's major lithium battery products increased during the period.
6 hours ago
Zhenyu Technology Expects H1 Profit to Double on Strong Energy Storage Battery Demand
6 hours ago
Zhenyu Technology Expects H1 Profit to Double on Strong Energy Storage Battery Demand
Read More
Zhenyu Technology Expects H1 Profit to Double on Strong Energy Storage Battery Demand
Zhenyu Technology Expects H1 Profit to Double on Strong Energy Storage Battery Demand
Zhenyu Technology expects its first-half 2026 net profit to rise 98.72%-117.65% YoY to 4.2-4.6 billion yuan. The company attributed the growth to strong demand from the lithium battery market, particularly the energy storage battery segment, which drove sales growth. It also cited the gradual ramp-up of new motor core capacity, higher capacity utilization, increased automation, and cost optimization as key contributors to improved profitability.
6 hours ago
LiCarbonate Daily Insights - April 11th Edition - Shanghai Metals Market (SMM)