The lithium carbonate market continued its downward trend this week, with spot prices fluctuating downward overall. The SMM battery-grade lithium carbonate average price dropped from 82,500 yuan/mt at the beginning of the week to 80,000 yuan/mt by the weekend, a cumulative decline of approximately 2,500 yuan/mt. The industrial-grade lithium carbonate average price also pulled back from 80,200 yuan/mt to 77,700 yuan/mt, indicating significant market pressure.
Amid the sustained price decline of lithium carbonate this week, downstream inquiries and purchase willingness strengthened, resulting in relatively active market transactions. Supply side, spodumene-derived lithium carbonate output remained at relatively high levels, partially offsetting the impact of reduced supply from other raw material sources. Meanwhile, during the September-October peak season, downstream demand still maintained certain rigid support. In the short term, lithium carbonate prices are expected to move sideways.
