MMi Daily Iron Ore Report (May 14)

After May Day, the price of lithium hexafluorophosphate exhibited significant fluctuations.

Today's lithium carbonate market saw minor declines, with the SMM index at 110,801 yuan/ton (~$15,304.01 USD/ton) and futures dropping by 2.14%, reflecting cautious market sentiment.

The price of lithium carbonate has been fluctuating recently, with a higher bias, while the price center of lithium iron phosphate has shifted upwards. The price trend of lithium iron phosphate is on the rise, but only slightly, making it difficult to see significant fluctuations.

On March 12th, lithium carbonate futures surged 4.13% to 119,850 yuan/ton, and spot prices rose to an average of 110,000 yuan/ton, amid market optimism and supply-demand adjustments.

As the Chinese New Year approaches, we at Shanghai Metals Market extend our warmest wishes to you and your families. May this festive season bring you joy, prosperity, and success.

due to an error by our pricing team in adjusting quarterly prices, there was a mistake in the final index calculation. We have now updated the Spodumene Concentrate (CIF China) Index as of January 2nd, 2024.

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