SMM Daily Review: February 10 Spot Lithium Carbonate Prices Fluctuated Upward

Published: Feb 10, 2026 17:33

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The SMM battery-grade lithium carbonate index was 134,406 yuan/mt. SMM Battery-grade lithium carbonate was quoted at 132,000-140,000 yuan/mt, with an average price of 136,000 yuan/mt. SMM Industrial-grade lithium carbonate was quoted at 129,000-136,000 yuan/mt, with an average price of 132,500 yuan/mt.

Today, the most-traded lithium carbonate futures contract moved sideways. As logistics gradually halted, downstream material plants largely completed February stockpiling. Most enterprises turned cautious and adopted a wait-and-see approach, with low psychological price levels for procurement. Some plants engaged in back-pricing and closing positions when prices were relatively low. Overall, market inquiries and transactions were sluggish.

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SMM Daily Review: Spot lithium carbonate price drifts lower on July 24

[SMM Daily Review: Spot Lithium Carbonate Prices Drifted Lower on July 24] SMM battery-grade lithium carbonate spot prices drifted lower compared with the previous working day. In the futures market, the lithium carbonate 2609 contract opened lower at 144,200 yuan/mt today, drifted lower after opening, moved sideways below the average price line (143,800 yuan/mt) in the morning, and hit a low of 141,300 yuan/mt; around midday, bulls and bears repeatedly struggled in the 141,000–144,000 yuan/mt range, with trading volume increasing in stages; in the afternoon, bulls briefly exerted strength, pushing the price to surge to 145,800 yuan/mt, before it encountered bearish selling pressure and drifted lower. The contract then consolidated at lows around 144,300 yuan/mt in the late session, finally closing down 0.88% at 144,300 yuan/mt. Open interest decreased by 13,209 lots. In the spot market, downstream purchase willingness moderated, with purchasing mainly as needed; upstream lithium chemical plants continued to hold prices firm and hold back from selling for spot orders, trading more with downstream through long-term contracts. Overall, market inquiries and actual transactions relatively slowed down.

Jul 24, 2026 18:17