LiCarbonate Daily - March 29th

Spot Market Analysis: On March 29th, the spot market for lithium carbonate remained stable, with the SMM battery-grade lithium carbonate index reported at 108,817 yuan/ton, marking a decrease of 60 yuan/ton compared to the previous working day. Battery-grade lithium carbonate was quoted at 107,500-112,000 yuan/ton, with an average price of 109,700 yuan/ton, showing no significant change from the previous day. Industrial-grade lithium carbonate prices also held steady, with a price range of 103,000-106,500 yuan/ton and an average price of 104,700 yuan/ton.

Future Contract Analysis: The main contract for lithium carbonate 2407 experienced a decline of 1.20% on March 29th. Opening at 108,900 yuan/ton and closing at 107,050 yuan/ton, the contract saw a trading volume of 204,922 lots, with an open interest of 196,813 lots, indicating a decrease of 3,005 lots from the previous trading day. Despite the initial sharp decline in prices after opening, followed by a rebound and subsequent downturn, the main contract ultimately closed with a decrease of 1.20% from the previous day.

Market Outlook: Recent quotations from lithium salt companies have shown no significant changes, although there has been a resurgence in their willingness to hold prices for spot sales. Meanwhile, downstream industries, such as cathode materials, have maintained a cautious procurement approach after early-week stockpiling, with some companies adopting a wait-and-see attitude. Overall, the lithium carbonate spot market has witnessed stable transaction prices on both the supply and demand sides, indicating a balanced market sentiment with no notable fluctuations.

Combining the spot market analysis with future contract insights, the lithium carbonate market appears to be maintaining stability, with both spot and future prices reflecting consistent trends on March 29th.

If you have any questions regarding the recent movement of lithium carbonate market (e.g. what caused it and how this can affect your business), or would like to know more comprehensive pricing info on Lithium Carbonate. Please feel free to reach out to me:

Robin He

SMM Li-ion Battery Materials Department

E: robinhe@smm.cn | T: +86-21-51595884