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[SMM Daily Review: Spot Lithium Carbonate Prices Continue to Decline on July 31]
Jul 31, 2025 15:12
Jul 31, 2025 15:12Source:SMM
[SMM Daily Review: Spot Lithium Carbonate Prices Continue to Decline on July 31]
The SMM battery-grade lithium carbonate index price stood at 71,474 yuan/mt, down 1,384 yuan/mt MoM from the previous working day. Battery-grade lithium carbonate prices ranged from 70,800 to 73,200 yuan/mt, with an average price of 72,000 yuan/mt, down 950 yuan/mt MoM from the previous working day. Industrial-grade lithium carbonate prices ranged from 69,300 to 70,500 yuan/mt, with an average price of 69,900 yuan/mt, down 950 yuan/mt MoM from the previous working day.
From the current market situation, while the activity of downstream inquiries has increased, actual transactions have not kept pace, with downstream players remaining cautious and adopting a wait-and-see attitude. Purchasing behavior is mostly limited to rigid demand. In the futures market, the irrational rally driven by sentiment in the early stage has come to an end, and the market is now in a continuous correction phase, with prices fluctuating downward. It should be noted that there is still significant uncertainty regarding the subsequent developments of mines in Jiangxi province. Market participants are advised to remain rational, treat unverified market rumors with caution, and avoid blindly following the crowd.
The SMM battery-grade lithium carbonate index price stood at 71,474 yuan/mt, down 1,384 yuan/mt MoM from the previous working day. Battery-grade lithium carbonate prices ranged from 70,800 to 73,200 yuan/mt, with an average price of 72,000 yuan/mt, down 950 yuan/mt MoM from the previous working day. Industrial-grade lithium carbonate prices ranged from 69,300 to 70,500 yuan/mt, with an average price of 69,900 yuan/mt, down 950 yuan/mt MoM from the previous working day.
From the current market situation, while the activity of downstream inquiries has increased, actual transactions have not kept pace, with downstream players remaining cautious and adopting a wait-and-see attitude. Purchasing behavior is mostly limited to rigid demand. In the futures market, the irrational rally driven by sentiment in the early stage has come to an end, and the market is now in a continuous correction phase, with prices fluctuating downward. It should be noted that there is still significant uncertainty regarding the subsequent developments of mines in Jiangxi province. Market participants are advised to remain rational, treat unverified market rumors with caution, and avoid blindly following the crowd.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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