SMM Daily Review: Lithium Carbonate Prices Remained Stable on December 12
The SMM battery-grade lithium carbonate index price was 76,397 yuan/mt, down 44 yuan/mt from the previous working day. Battery-grade lithium carbonate prices ranged from 75,200 to 77,900 yuan/mt, with an average of 76,550 yuan/mt, unchanged from the previous working day. Industrial-grade lithium carbonate prices ranged from 72,800 to 73,800 yuan/mt, with an average of 73,300 yuan/mt, also unchanged from the previous working day. Some traders recently transacted with material plants at relatively lower price points, causing the price center of lithium carbonate spot market transactions to decline this week. As the year-end approaches, downstream material plants continued to make just-in-time procurement, showing weak willingness to restock. Upstream lithium chemical smelters maintained their sentiment to stand firm on quotes at this period. Considering the narrowing monthly destocking rate of lithium carbonate in the future, combined with the cumulative inventory level of lithium carbonate, spot prices of lithium carbonate are expected to have a small downside room.