【SMM Analysis】Weekly Market Review of Lithium Ore from March 24 to March 27

This week, the price of spodumene continued to decline WoW. With the downward trend of lithium carbonate prices, downstream pressure on prices intensified. Some stockpilers released goods to raise funds, with transaction prices in the CIF range of $810-850/mt, and the lower end of the range shifted downward WoW. Additionally, some domestic traders adopted the method of pricing based on lithium carbonate futures market quotes for their shipments, further contributing to the downward trend in the spodumene concentrate market. In the domestic spot ore market, suppliers' firm stance on quotes loosened amid pessimistic expectations for future lithium chemical prices, leading to a decline in transaction prices.

In the lepidolite sector, despite upstream suppliers maintaining a firm stance on quotes, downstream smelters showed weak purchase willingness for the current high prices due to the continuous decline in lithium carbonate prices, forcing market prices to move lower.