The spot price of lithium carbonate 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 narrowly around 148k yuan/ton in the early session, but after midday, the price dropped to around 140k yuan/ton and oscillated at this low level until the close. As of the close, the open interest significantly decreased by about 25k lots compared to the previous trading day.
In terms of actual transactions, upstream lithium salt manufacturers remain clearly reluctant to sell at higher prices, with a continued weak willingness to ship individual orders; meanwhile, downstream material manufacturers continue to adopt a strategy of buying on dips, with some companies actively replenishing stocks when prices fall to relatively low levels, which has boosted market activity. Overall, market inquiries and actual transactions are relatively active.
Regarding future price trends, it is expected that the market will remain volatile in the short term. As the downstream procurement and stocking cycle approaches, market transactions are expected to become slightly more active by the end of the month. (SMM)