SMM Daily Review: January 22 Spot Lithium Carbonate Prices Fluctuate Upward

[SMM Daily Review: January 22 Spot Lithium Carbonate Prices Fluctuate Upward]

The SMM battery-grade lithium carbonate index price was 164,857 yuan/mt, up 5,222 yuan/mt from the previous working day. SMM Battery-grade lithium carbonate traded in the range of 161,000-168,000 yuan/mt, with an average price of 164,500 yuan/mt, up 6,000 yuan/mt from the previous working day. SMM Industrial-grade lithium carbonate traded in the range of 158,000-164,000 yuan/mt, with an average price of 161,000 yuan/mt, up 6,000 yuan/mt from the previous working day.

Today, the most-traded lithium carbonate futures contract moved sideways, fluctuating between 162,000 yuan/mt and 174,100 yuan/mt. In terms of actual market transactions, upstream spot order quotations became more active, while some lithium chemical plants scheduled maintenance plans, which are expected to lead to a certain reduction in production. Downstream material plants purchased as needed, mainly to meet rigid demand and stockpiling for February. Overall, market inquiries and transaction activity improved compared to the previous period.