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 to learn 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
Guozong Zhongsheng's 200 MW ESS Project Kicks Off in Jinchang with 780 Mln Yuan Investment
8 hours ago
Guozong Zhongsheng's 200 MW ESS Project Kicks Off in Jinchang with 780 Mln Yuan Investment
Read More
Guozong Zhongsheng's 200 MW ESS Project Kicks Off in Jinchang with 780 Mln Yuan Investment
Guozong Zhongsheng's 200 MW ESS Project Kicks Off in Jinchang with 780 Mln Yuan Investment
On March 8, the Guozong Zhongsheng 200 MW/800 MWh grid-side standalone ESS project officially broke ground at the Xipo PV Industrial Park in Jinchang City’s Jinchuan District. With a total investment of approximately 780 million yuan, the project will adopt the currently mature LFP electrochemical energy storage technology, and will mainly build 40 sets of 5 MW/20 MWh energy storage units, along with supporting auxiliary works such as one 330 kV step-up substation and eight 35 kV collector lines.
8 hours ago
First Grid-Forming ESS Project in Northern Hebei Goes Online
8 hours ago
First Grid-Forming ESS Project in Northern Hebei Goes Online
Read More
First Grid-Forming ESS Project in Northern Hebei Goes Online
First Grid-Forming ESS Project in Northern Hebei Goes Online
Recently, the first grid-forming ESS project in the northern Hebei power grid—the Beijing Hengyuan Zhangbei County 300 MW/600 MWh standalone ESS power station—was officially connected to the grid and began generating electricity. The grid-forming ESS capacity is 50 MW/100 MWh, using Sungrow’s grid-forming technology, adding an adjustable “dam” to conventional new energy plants to make the “green electricity river” more controllable and stable. This strongly enhances the reliability of power supply in the Beijing-Tianjin-Hebei region and sets a new milestone for high-quality transmission of new energy.
8 hours ago
Amidst Middle East Conflicts: What is the Path Forward for China's Energy Storage Exports?
8 hours ago
Amidst Middle East Conflicts: What is the Path Forward for China's Energy Storage Exports?
Read More
Amidst Middle East Conflicts: What is the Path Forward for China's Energy Storage Exports?
Amidst Middle East Conflicts: What is the Path Forward for China's Energy Storage Exports?
Recent Middle East conflicts have disrupted the region's booming energy storage market, a major destination for Chinese exports. To assess the real impact on Chinese supply chains and project deliveries, we must analyze baseline demand amidst these geopolitical uncertainties.
8 hours ago