SMM Daily: Lithium Carbonate Prices Stabilize with Slight Downward Pressure

[SMM Daily Review: Lithium Carbonate Prices Remain Stable on December 27]

The SMM battery-grade lithium carbonate index price stood at 75,400 yuan/mt, down 40 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 74,400-76,700 yuan/mt, with an average price of 75,550 yuan/mt, down 50 yuan/mt from the previous working day. Industrial-grade lithium carbonate was priced at 71,800-72,800 yuan/mt, with an average price of 72,300 yuan/mt, down 50 yuan/mt from the previous working day. The transaction price center for lithium carbonate spot remained stable. Currently, upstream lithium chemical smelters still exhibit strong sentiment to stand firm on quotes, with most transactions occurring between traders and downstream material plants. Some material plants, driven by plans for pre-holiday inventory stocking, have shown stronger purchasing sentiment. Considering the actual supply and demand situation for lithium carbonate and the current market inventory levels of circulating lithium carbonate, spot prices for lithium carbonate are expected to have slight downside room, accompanied by sideways movement.