SMM Daily Review: On March 2, Spot Lithium Carbonate Price Fluctuated Upward

Published: Mar 2, 2026 15:37

Save

[SMM Daily Review: Spot Lithium Carbonate Prices Fluctuate Upward on March 2]

SMM's battery-grade lithium carbonate index price edged up compared to the previous working day. In terms of futures movement, the most-traded contract opened and surged to a high of 179,500 yuan/mt before fluctuating and pulling back, breaking below the 170,000 yuan/mt level, and then gradually stabilized and rebounded to consolidate around 172,000 yuan/mt. In the afternoon, prices edged up again, mainly fluctuating around 173,500 yuan/mt until the close. The open interest of the most-traded contract decreased by about 3,200 lots compared to the previous trading day.

In terms of actual transactions, upstream lithium chemical plants maintained relatively firm quotes, with a weak willingness to sell spot orders. When futures prices dropped to 170,000 yuan/mt, some downstream material plants showed a slight recovery in purchase willingness, but most participants remained cautious, primarily adopting a wait-and-see approach. Overall, there were signs of a slight recovery in market inquiries and transactions.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 10, 2026 17:35

[SMM Analysis] Spot Market Analysis of Platinum Group Compounds

Apr 10, 2026 17:35

Apr 10, 2026 16:29

10,000 t/y Green Hydrogen Acrylic Acid Project Approved

Apr 10, 2026 16:29

Apr 10, 2026 13:02

Energy Vault Enters Japan market with 850 MW BESS Portfolio

Energy Vault has acquired an 850 MW battery energy storage (BESS) project portfolio in Japan, marking its entry into the market. The company expects strong growth driven by grid constraints and rapid renewable expansion, and also aims to leverage rising demand from AI computing.

Apr 10, 2026 13:02