SMM Daily Review: Spot Lithium Carbonate Prices Remained Stable on April 14
The SMM battery-grade lithium carbonate index price was 71,641 yuan/mt, up 5 yuan/mt from the previous working day. Battery-grade lithium carbonate was priced at 70,200-73,000 yuan/mt, with an average price of 71,600 yuan/mt, unchanged from the previous working day. Industrial-grade lithium carbonate was priced at 69,150-70,150 yuan/mt, with an average price of 69,650 yuan/mt, also unchanged from the previous working day. The price center of spot lithium carbonate transaction prices remained stable today. Currently, downstream material plants have a high proportion of long-term contracts and customer supply, resulting in weak demand for spot orders, with just-in-time procurement being the main approach. Although upstream lithium chemical plants have slightly loosened their quotations, there remains a significant gap with the expected purchase prices of downstream buyers. Overall, market procurement sentiment is cautious, with most participants adopting a wait-and-see attitude.