SMM Daily Review: February 5 Spot Lithium Carbonate Prices Continued to Decline

Published: Feb 5, 2026 16:00

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The SMM battery-grade lithium carbonate index stood at 141,706 yuan/mt. Battery-grade lithium carbonate was priced at 136,000–152,000 yuan/mt. Industrial-grade lithium carbonate traded in the range of 133,000–148,000 yuan/mt.
Today, the most-traded lithium carbonate futures contract fluctuated downward, hitting the lower limit during the afternoon session before rebounding and fluctuating range bound until the close. Prices mainly moved between 132,300 yuan/mt and 147,300 yuan/mt. In terms of trading activity, upstream lithium chemical plants showed limited willingness to sell spot orders and demonstrated clear sentiment to hold prices firm. Downstream material plants adopted a strategy of buying the dip; as prices fell, inquiries and transaction activity became relatively active.

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