SMM

SHANGHAI, Aug 18 (SMM) – The SMM battery-grade lithium carbonate index was 222,114 yuan/mt on August 18, a decrease of 1,685 yuan/mt from the previous working day. Battery-grade lithium carbonate price range was 210,000-240,000 yuan/mt, a decrease of 1,500 yuan/mt from the previous working day; industrial-grade lithium carbonate price range was 202,000-220,000 yuan/mt, a decrease of 1,500 yuan/mt. Inventory pressure has eased after previous sell-off. Fewer sellers cut prices sharply after persistent price drop. Trading activity improved only a little.