SMM Daily Review: Spot Lithium Carbonate Fell Steadily on August 3

Published: Aug 3, 2026 16:57

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[SMM Daily Comment: Spot Lithium Carbonate Fell Steadily on Aug 3]

The SMM spot price of battery-grade lithium carbonate fell steadily today from the previous working day. The lithium carbonate 2609 contract opened low at 137,500 yuan/mt today, then fluctuated lower and dipped quickly, hitting a low of 135,600 yuan/mt; subsequently, bulls stepped in to push prices to a choppy rebound, and the morning session saw fluctuations around the average price line; near midday, bulls concentrated their strength, prices quickly surged past 140,000 yuan/mt and shot up to 140,800 yuan/mt; in the afternoon, faced with bearish selling pressure and profit-taking, prices consolidated and pulled back, and near the close, moved sideways in the 138,800-139,000 yuan range, finally settling down 1.15% at 138,900 yuan/mt, with open interest decreasing by 3,474 lots.

In the spot market, coinciding with the first working day of the month, downstream material plants gradually received long-term contract and customer-supplied shipments. Spot order purchases were cautious, only purchasing as needed when prices were relatively low; upstream lithium chemical plants continued to hold prices firm for spot sales, mainly relying on long-term contracts and additional contract volumes to ensure supply at the beginning of the month. Overall, market inquiries and actual transaction activity decreased.

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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