Lithium Carbonate Prices Slide Amid Oversupply Concerns on August 8

[SMM Daily Commentary: Lithium Carbonate Prices Decline on August 8]

The SMM battery-grade lithium carbonate index stood at 80,142 yuan/ton, marking a decrease of 187 yuan/ton from the previous working day. The price range for battery-grade lithium carbonate was 78,400-82,100 yuan/ton, with an average price of 80,250 yuan/ton, down 150 yuan/ton from the previous working day. For industrial-grade lithium carbonate, the price range was 74,700-75,900 yuan/ton, with an average price of 75,300 yuan/ton, also down 150 yuan/ton from the previous day. The transaction price center of the lithium carbonate spot market continued to shift downwards. Although material manufacturers have increased inquiries, they remain primarily in a wait-and-see attitude, and purchasing sentiment remains subdued. Upstream lithium salt factories are still focused on maintaining prices, but some have slightly reduced their quotations due to market sentiment. Currently, there is an ample supply of lower-priced lithium carbonate products in the spot market, mainly concentrated in the hands of traders. Given the current oversupply situation, lithium carbonate prices are expected to remain weak.