SMM Daily: Lithium Carbonate Prices Surge on Nov 21, Market Remains Quiet

Published: Nov 21, 2024 12:00

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【SMM Daily Review: Lithium Carbonate Prices Rise on November 21】
SMM battery-grade lithium carbonate index price was 79,262 yuan/mt, up 433 yuan/mt from the previous working day; battery-grade lithium carbonate was 77,800-81,000 yuan/mt, with an average price of 79,400 yuan/mt, up 350 yuan/mt from the previous working day; industrial-grade lithium carbonate was 75,650-76,650 yuan/mt, with an average price of 76,150 yuan/mt, up 500 yuan/mt from the previous working day. Currently, downstream material plants are not very clear about the actual order situation in the future, coupled with the year-end destocking expectations, resulting in a weakening sentiment for recent purchases, mainly adopting a cautious wait-and-see attitude. Upstream lithium chemical smelters have a strong sentiment to stand firm on quotes, and there is a significant gap in psychological expectations between upstream and downstream. Overall, the actual transaction situation in the market is relatively quiet. It is expected that the spot prices of lithium carbonate will continue to show sideways movement in the future.

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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