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[SMM Daily Review: Aug 5 Spot Lithium Carbonate Prices Consolidate Higher] Today, SMM battery-grade lithium carbonate spot price consolidated higher compared to the previous trading day. The lithium carbonate 2609 contract opened lower at 139,700 yuan/mt, briefly dipped to 138,300 yuan/mt after opening and then found support, with bulls stepping in to push prices to consolidate and rebound; in the morning session, prices fluctuated on the strong side in the 140,000-142,000 yuan/mt range, and the center gradually moved higher despite some back-and-forth; near midday, bulls and bears consolidated in a tug-of-war in the 141,500-142,500 yuan/mt range; in the afternoon, bulls continued to push, and prices consolidated higher; near the close, concentrated capital inflows drove prices quickly up to 144,300 yuan/mt, hitting an intraday high, then pulled back slightly on some profit-taking, settling around 143,200 yuan/mt, finally closing up 2.61% at 143,200 yuan/mt. Open interest decreased by 9,640 lots. In the spot market, downstream buyers purchased as needed on dips. Some downstream buyers saw increased spot order demand as upstream lithium chemical plants' maintenance reduced long-term contract volumes; upstream lithium chemical plants remained cautious in selling spot cargoes, with those having maintenance plans focusing on securing long-term contract supplies this month, while some lithium chemical plants showed signs of loosening their intent to hold prices firm. Overall, market inquiries and actual transactions were relatively stable.

[SMM Daily Review: Spot Lithium Carbonate Prices Unchanged on August 4] Today, SMM battery-grade spot lithium carbonate prices remained flat from the previous working day. The lithium carbonate 2609 contract opened lower at 138,800 yuan/mt today, fluctuated lower and quickly dipped, hitting a low of 137,300 yuan/mt. Subsequently, bulls stepped in, pushing prices to rebound quickly, and in the morning session, prices shot up to around 141,400 yuan/mt. Around midday, bulls and bears wrestled repeatedly in the 139,500–141,400 yuan/mt range, during which prices shot up to 141,400 yuan/mt twice but were met with selling pressure from bears each time. In the afternoon, prices pulled back amid consolidation, and in late trading, moved sideways within the 139,300–139,500 yuan/mt range. It eventually closed up 0.84% at 139,400 yuan/mt, with open interest declining by 8,337 lots. In the spot market, downstream material plants made just-in-time procurement on price dips. Inquiries were relatively active, but actual transactions showed a slowdown. Upstream spot orders continued to hold prices firm, and at the beginning of the month, deliveries were mainly based on long-term contracts. Overall, market transactions were relatively sluggish.