Lithium Carbonate Prices Dip Amid Oversupply and Cost-Conscious Factories on August 5

[SMM Daily Commentary: Lithium Carbonate Prices Dip on August 5]

The SMM battery-grade lithium carbonate index stood at 80,390 yuan/ton, a decrease of 315 yuan/ton from the previous working day; battery-grade lithium carbonate ranged from 78,700 to 82,300 yuan/ton, with an average price of 80,500 yuan/ton, down 300 yuan/ton from the previous working day; industrial-grade lithium carbonate ranged from 75,000 to 76,100 yuan/ton, with an average price of 75,550 yuan/ton, also falling by 300 yuan/ton compared to the previous working day. The transaction price center of the lithium carbonate spot market continued to shift downwards, with slightly more active quoting and inquiry activities from upstream and downstream players. Although there has been an increase in inquiries from material factories as lithium carbonate prices are currently at a relatively low point, purchases are still primarily driven by rigid demand. Upstream lithium salt factories remain firm in their pricing stance due to cost considerations. There is still a notable gap between the psychological expected transaction prices of lithium salt factories and material factories. Amid the current oversupply situation, lithium carbonate prices are expected to remain weak.