SMM Daily: Battery-grade lithium carbonate prices stabilized on March 21st. SMM battery-grade lithium carbonate index was at 111,662 yuan/ton, up 305 yuan/ton compared to the previous working day; battery-grade lithium carbonate was priced at 110,000-115,100 yuan/ton, holding steady from the previous working day; industrial-grade lithium carbonate was priced at 106,000-110,000 yuan/ton, with an average price of 108,000 yuan/ton, up 500 yuan/ton from the previous working day. Today, lithium carbonate companies' pricing remains stable, with some lithium salt companies reporting a slight increase in the transaction price of industrial-grade carbonate in the market. However, downstream companies such as the cathode are not showing a strong willingness to purchase battery carbon in the near term, only considering purchasing at lower prices for industrial-grade carbon and quasi-electric carbon. Overall, the spot market trading situation remains relatively subdued.

SMM Daily Report: Carbon Prices Stable on January 31st SMM, January 31st: The SMM battery-grade lithium carbonate index was 95,640 yuan/ton, up 94 yuan/ton from the previous working day; the average price for battery-grade lithium carbonate was 94,000-99,500 yuan/ton, with an average price of 96,800 yuan/ton, unchanged from the previous working day; the average price for industrial-grade lithium carbonate was 88,000-90,400 yuan/ton, with an average price of 89,200 yuan/ton, up 200 yuan/ton from the previous working day. Currently, some cathode material companies have shown a small-scale replenishment demand in order to plan for post-holiday production resumption, hoping to purchase electric carbon at a lower price. However, settlement of long-term contracts and hedging opportunities have reduced shipment pressure for traders and lithium salt producers, thus maintaining a firm price stance and keeping electric carbon prices stable. Meanwhile, due to most recycling plants being closed or operating at reduced capacity during the holiday, as well as logistical transportation issues in salt lake areas, industrial carbon sources in the market continue to maintain a firm price stance, with a slight increase in prices.

SMM Daily Report: Lithium Carbonate Prices Decline on January 10th SMM, January 10th – The SMM battery-grade lithium carbonate index was at 95,229 yuan/ton on January 10th, down 35 yuan/ton from the previous working day; the average price of battery-grade lithium carbonate was between 92,000-100,000 yuan/ton, with an average price of 96,000 yuan/ton, remaining unchanged from the previous working day; the industrial-grade lithium carbonate was between 85,000-89,600 yuan/ton, with an average price of 87,300 yuan/ton, down 0.02 yuan/ton from the previous working day. From the perspective of market supply and demand, as well as the perspective of electric carbon, current smelters are generally quoting stable prices, with downstream wait-and-see sentiment still strong, overall market transactions are relatively light, and overall prices remain stable for the time being. However, the market has recently entered a period of volatility, and the direction is still to be determined. In terms of industrial carbons, with the decline in market prices, the narrowing of arbitrage opportunities has weakened the downstream purchasing and acceptance strength, and with the weakening demand, some smelters have also lowered their quotes, resulting in a small decline in market prices.