SMM Daily: Lithium Carbonate Prices Drop on December 16 Amid Reluctant Selling

Published: Dec 16, 2024 13:40
[SMM Daily Review: Lithium Carbonate Prices Decline on December 16]

The SMM battery-grade lithium carbonate index price was 75,876 yuan/mt, down 392 yuan/mt from the previous trading day. Battery-grade lithium carbonate was priced at 74,500-77,500 yuan/mt, with an average price of 76,000 yuan/mt, down 400 yuan/mt from the previous trading day. Industrial-grade lithium carbonate was priced at 72,250-73,250 yuan/mt, with an average price of 72,750 yuan/mt, down 400 yuan/mt from the previous trading day. Currently, upstream lithium chemical smelters exhibit a strong sentiment to stand firm on quotes. Traders are also reluctant to sell high-quality lithium carbonate, but older stocks are being sold to downstream material plants at lower price points, which has dragged down the price center of lithium carbonate spot transaction prices. Considering the narrowing monthly destocking of lithium carbonate and the cumulative inventory levels, it is expected that lithium carbonate spot prices will have limited downside room.

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