Lithium Carbonate Prices Dip Further on September 5 Amid Inventory Pressure Despite Robust Demand

Published: Sep 5, 2024 13:42

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[SMM Daily Commentary: Lithium Carbonate Prices Dip on September 5]
The SMM battery-grade lithium carbonate index price stood at RMB 73,352 per ton, marking a decrease of RMB 353 per ton from the previous working day. The price range for battery-grade lithium carbonate was RMB 71,800 to 75,200 per ton, with an average price of RMB 73,500 per ton, down RMB 350 per ton from the previous working day. For industrial-grade lithium carbonate, the price range was RMB 68,600 to 70,000 per ton, averaging at RMB 69,300 per ton, a decline of RMB 350 per ton from the previous day. The trading price center of gravity in the lithium carbonate spot market continued to shift downwards. Amid persistently robust downstream demand, material factories and battery cell factories slightly increased their spot purchasing activities. Upstream lithium salt plants remained predominantly firm on their prices, but some were compelled to slightly reduce their quotations due to inventory pressure. Overall, the lithium carbonate spot trading market showed slight signs of activation. Considering the cumulative domestic inventory levels of lithium carbonate, even with favorable demand conditions, lithium carbonate prices are expected to remain relatively weak.

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.

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