Lithium Carbonate Prices Continue Decline Amid Oversupply Concerns, Market Trading Remains Sluggish

[SMM Daily Commentary: Lithium Carbonate Prices Decline on August 2]

The SMM battery-grade lithium carbonate index stood at 80,705 yuan/ton, a decrease of 877 yuan/ton from the previous working day; battery-grade lithium carbonate ranged from 79,000 to 82,600 yuan/ton, with an average price of 80,800 yuan/ton, a decline of 900 yuan/ton compared to the previous working day; industrial-grade lithium carbonate ranged from 75,300 to 76,400 yuan/ton, with an average price of 75,850 yuan/ton, also down 900 yuan/ton from the previous working day. The transaction price center of the lithium carbonate spot market continues to shift downwards. Downstream material factories still focus on rigid demand purchases, and while inquiry activities have increased, there is still a certain gap between the psychological expectations of supply and demand sides regarding transaction prices, leading to an overall lackluster trading situation in the market. Upstream lithium salt factories and traders are considering the future price trend and currently have an attitude of destocking, with slightly reduced quotes. Given the current oversupply situation, lithium carbonate prices are expected to remain weak.