LCO: Prices Experienced Minor Fluctuations, Influenced by Both Raw Materials and Export Policies

Published: Feb 5, 2026 17:19

LCO prices experienced minor fluctuations, primarily driven by changes in upstream lithium carbonate prices. Currently, cathode producers have generally raised their quotations for standard-grade products to above 400,000 yuan per mt, with high-voltage LCO reaching up to 420,000 yuan per mt. On the demand side, as the Chinese New Year holiday approaches, enterprises have widely reduced their subsequent production schedules. LCO prices are expected to remain stable in February, with little likelihood of wild swings.

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lu Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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LCO: Prices Experienced Minor Fluctuations, Influenced by Both Raw Materials and Export Policies - Shanghai Metals Market (SMM)