[SMMDailyCommentary:SpotLithiumCarbonatePricesContinuedtoDeclineonAugust27] The SMM battery-grade lithium carbonate index price was 81,671 yuan/mt, down 68 yuan/mt MoM from the previous working day; battery-grade lithium carbonate prices were 79,600-83,600 yuan/mt, with an average of 81,600 yuan/mt, down 100 yuan/mt MoM from the previous working day; industrial-grade lithium carbonate prices were 78,700-79,900 yuan/mt, with an average of 79,300 yuan/mt, down 100 yuan/mt MoM from the previous working day.
Spot lithium carbonate prices continued to fall today. As some downstream material plants had already stockpiled to a certain extent, the scale of purchases this week contracted compared to last week. Currently, the overall purchasing sentiment among downstream players is becoming more cautious, generally waiting for further pullback in prices. Now in the traditional September-October peak season, downstream demand still has a certain level of rigid support, and it is expected that spot lithium carbonate prices will remain at a relatively high level in the short term, continuing a sideways movement pattern.