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Lithium Carbonate Spot Price Continues to Decline
Today, the SMM battery-grade lithium carbonate index price continued to decline compared to the previous trading day. From the market trend, the main contract fluctuated between 146,000 yuan/ton and 155,700 yuan/ton. On the same day, the main contract’s open interest decreased by approximately 600 lots compared to the previous trading day.
In terms of actual transactions, upstream lithium salt manufacturers showed a persistent reluctance to sell, with a strong sentiment to hold prices and resist discounts. The price quickly dropped below 150,000 yuan/ton in the morning, prompting increased purchasing interest from downstream material manufacturers. Currently, most companies are adopting laddered order strategies to buy on dips. Overall, market inquiry and transaction activity remain relatively active. (SMM)