Lithium Carbonate Prices Steady Amid Slight Demand Dip and Supplier Destocking

[SMM Daily Commentary: Lithium Carbonate Prices Remain Stable on August 9]

The SMM battery-grade lithium carbonate index price stood at 80,076 yuan/ton, a decrease of 66 yuan/ton from the previous working day; battery-grade lithium carbonate ranged from 78,400 to 82,100 yuan/ton, with an average price of 80,250 yuan/ton, remaining flat compared to the previous working day; industrial-grade lithium carbonate ranged from 74,700 to 75,900 yuan/ton, with an average price of 75,300 yuan/ton, also flat from the previous day. From the demand side, inquiries from downstream material factories slightly decreased this week compared to last week, with purchases still primarily driven by rigid demand. Upstream lithium salt producers and traders, considering future price trends, currently hold a mindset of destocking and have slightly lowered their quotations. However, there is still a certain gap between the psychological expected transaction prices of both supply and demand sides, leading to a relatively sluggish overall market transaction situation. Given the current oversupply scenario, lithium carbonate prices are expected to continue operating on the weak side.