Lithium Carbonate Analysis: Insights into Today’s Market Trends

Lithium Carbonate market trends continued their downward trajectory today, impacting both futures and spot prices.

For Futures Contracts: The primary lithium carbonate 2407 contract experienced a decline of 2.15%, opening at 107,550 yuan per ton (~14,875.52 USD/ton) and closing at 107,100 yuan per ton (~14,813.28 USD/ton).

Trading volume reached 129,937 contracts with an open interest of 198,230 contracts, marking an increase of 1,936 contracts compared to the previous day.

Prices initially dropped upon market opening but later stabilized, ending the day on a downward note.

Regarding Spot Prices: The SMM battery-grade lithium carbonate index dropped to 109,586 yuan per ton (~15,157.12 USD/ton), down by 1,286 yuan from the previous working day.

Battery-grade lithium carbonate spot prices ranged from 109,700 to 112,500 yuan per ton, averaging at 111,100 yuan per ton (~15,366.53 USD/ton), indicating an increase of 2,904 yuan.
Industrial-grade lithium carbonate prices ranged from 106,000 to 107,500 yuan per ton, averaging at 106,800 yuan per ton (~14,771.78 USD/ton), marking a decrease of 1,900 yuan.

Market Insights: The downward momentum in the lithium carbonate market persisted from last Friday. Many lithium salt companies maintained a cautious pricing strategy for scattered orders, with some adjusting prices slightly based on market sentiment.

Some downstream cathode companies made small scattered purchases in response to the price decline, leading to a slight uptick in overall market transaction volume. However, many downstream enterprises remain skeptical about short-term prices and continue to adopt a wait-and-see approach.

Looking ahead, market participants are closely monitoring various factors such as supply chain disruptions, changes in government policies, and shifts in demand patterns, all of which could influence the trajectory of lithium carbonate prices in the coming days, sparking further market movements and adjustments.

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