Today, the spot price of lithium carbonate slightly declined

Today, the SMM battery-grade lithium carbonate index price slightly declined compared to the previous trading day. From the market trend, the main contract fluctuated throughout the day within the range of 151.1k yuan/ton to 160.9k yuan/ton, with open interest increasing by approximately 1,500 lots compared to the previous trading day.
In terms of actual transactions, upstream lithium salt factories still show weak willingness to sell individual lots, with a strong sentiment of holding prices and resisting sales.
Most downstream companies remain cautious in their purchasing attitude, mainly observing the market.
A small number of material factories engage in low-price procurement when prices are relatively low.
Overall, although market inquiries have increased, actual transactions are somewhat sluggish. (SMM)

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