LiCarbonate Daily Insights - April 11th Edition

Published: Apr 11, 2024 17:32 (GMT+8)
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
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
10 hours ago
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
Read More
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
【Third-Gen Ray-Ban Meta Smart Glasses Launch in India, Audio Model Teased for Market Entry】Meta announced that the third-generation Ray-Ban Meta smart glasses are now on sale in India, starting at INR 44,300, available through its official website, Ray-Ban India's official site, and local consumer electronics and eyewear retailers. The model offers up to 9 hours of battery life per charge — one hour more than its predecessor — along with a 12-megapixel camera supporting 3K ultra-HD video recording and a six-microphone array capable of eliminating over 90% of background noise, with 27 frame and lens combinations available. Meta also teased the upcoming India launch of the camera-free Ray-Ban Meta Audio, which weighs 43g and offers up to 12 hours of battery life per charge with an additional 48 hours via the charging case; pricing and launch date for India were not disclosed.
10 hours ago
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
10 hours ago
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
Read More
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
【DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Mining Companies】The DRC's Sous-traitance Privée regulatory authority stated that annual audits of subcontracting practices and local content compliance at large mining companies will commence from 2027. The country's new local content law takes effect on January 1, 2027, with sector-specific mining rules currently being drafted to include a mandatory three-year compliance program and penalty provisions. In 2025, 167 large enterprises declared subcontracting contracts totaling USD 3.7 billion, with 83% flowing to locally controlled companies, of which the mining sector alone accounted for USD 2.9 billion. The authority has already required certain copper-cobalt miners operating in the DRC to terminate non-compliant subcontracting arrangements, submit rectification plans, and expand procurement from local suppliers, with several Chinese and international major miners among those under scrutiny.
10 hours ago
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
10 hours ago
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
Read More
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】American Battery Technology Company announced it has received a Defense Priorities and Allocations System (DPAS) license from the US Department of Commerce's Bureau of Industry and Security, authorizing the sale of up to USD 100 million of recycled black mass containing lithium, nickel, cobalt, manganese, and graphite.
10 hours ago