[SMM Daily Review: Lithium Carbonate Spot Prices Remain Stable on January 9]
The SMM battery-grade lithium carbonate index price stood at 75,478 yuan/mt, unchanged from the previous working day. Battery-grade lithium carbonate was quoted at 74,700-76,300 yuan/mt, with an average price of 75,500 yuan/mt, also unchanged from the previous working day. Industrial-grade lithium carbonate was quoted at 71,800-72,800 yuan/mt, with an average price of 72,300 yuan/mt, remaining stable as well.
Demand side, pre-holiday restocking is nearing completion, and transaction activity has slightly weakened. Supply side, a reduction in January supply is expected, and there is a firm stance on quotes for 2025 long-term contract discounts and spot cargoes. As a result, downstream material plants are primarily transacting with traders. Considering the dual reduction trend in supply and demand in January, along with the market's circulating inventory levels, lithium carbonate spot prices are expected to exhibit sideways movement.
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