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
Eight Companies Including BYD Korea Disqualified From South Korea’s EV Subsidy Program
42 mins ago
Eight Companies Including BYD Korea Disqualified From South Korea’s EV Subsidy Program
Read More
Eight Companies Including BYD Korea Disqualified From South Korea’s EV Subsidy Program
Eight Companies Including BYD Korea Disqualified From South Korea’s EV Subsidy Program
According to the evaluation results for the selection of participants in South Korea’s EV deployment program announced by the Ministry of Climate, Energy and Environment on June 30, eight out of 35 manufacturers and importers, including BYD Korea, were disqualified.
42 mins ago
Samsung SDI to Cooperate With Forge Nano on North Carolina Gigafactory
43 mins ago
Samsung SDI to Cooperate With Forge Nano on North Carolina Gigafactory
Read More
Samsung SDI to Cooperate With Forge Nano on North Carolina Gigafactory
Samsung SDI to Cooperate With Forge Nano on North Carolina Gigafactory
Samsung SDI will cooperate with U.S. battery technology company Forge Nano on the construction of a gigafactory in North Carolina. Forge Nano announced on June 25 local time that it signed a strategic partnership with Samsung SDI for U.S.-made battery production. Samsung SDI will support the construction of the plant, which will have an annual capacity of 3 GWh. Forge Nano will begin contract manufacturing Samsung SDI’s cylindrical battery cells from 2028.
43 mins ago
Hyundai Motor Achieves RE100 Across All Sites in Europe, North America and India
44 mins ago
Hyundai Motor Achieves RE100 Across All Sites in Europe, North America and India
Read More
Hyundai Motor Achieves RE100 Across All Sites in Europe, North America and India
Hyundai Motor Achieves RE100 Across All Sites in Europe, North America and India
Hyundai Motor published its 2026 Sustainability Report on June 30, outlining its proactive risk management capabilities and future sustainability management strategy amid tightening global ESG regulations. In the report, Hyundai Motor said it has achieved RE100, or 100% renewable energy use, across all of its business sites in Europe, North America and India.
44 mins ago