[SMM Analysis] LCO: Prices Fluctuated Slightly, Driven by Rigid Demand Orders

Published: Apr 23, 2026 17:18

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LCO market prices were largely stable this week. Influenced by lithium carbonate prices moving sideways, LCO quotes saw minor adjustments accordingly, but overall fluctuations remained limited. On the demand side, battery cell manufacturers continued to digest raw material inventory, with restocking willingness increasing somewhat, though actual procurement remained cautious. Market participants generally maintained a wait-and-see stance, with transactions concentrated on rigid demand orders executed according to established plans. LCO prices are expected to continue consolidating within a stable range in the short term, with subsequent focus on order changes and restocking pace of downstream enterprises.

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827

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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