[SMM Daily Review: Lithium Carbonate Prices Decline on November 18]
SMM battery-grade lithium carbonate index price was 78,212 yuan/mt, down 193 yuan/mt WoW; battery-grade lithium carbonate was 76,900-80,000 yuan/mt, with an average price of 78,450 yuan/mt, down 250 yuan/mt WoW; industrial-grade lithium carbonate was 74,350-75,350 yuan/mt, with an average price of 74,850 yuan/mt, down 200 yuan/mt WoW. Last week, prices surged significantly due to numerous positive news. Subsequently, market sentiment gradually calmed, and lithium carbonate spot prices fell. The current unstable price trend makes downstream material plants extremely cautious in receiving goods. In the future, driven by demand and considering the accumulated inventory levels of lithium carbonate, it is expected that lithium carbonate spot prices will fluctuate rangebound.
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