Today's lithium carbonate spot prices continue to rise

SMM Battery-Grade Lithium Carbonate Index Price: 152,025 RMB/ton, up 8,802 RMB/ton from the previous trading day; Battery-grade lithium carbonate priced at 146,000-158,000 RMB/ton, with an average of 152,000 RMB/ton, up 8,250 RMB/ton from the previous trading day; Industrial-grade lithium carbonate priced at 143,000-154,000 RMB/ton, with an average of 148,500 RMB/ton, up 8,250 RMB/ton from the previous trading day. Today, the main futures contract for lithium carbonate fluctuated upward, with intraday gains exceeding 11%, reaching a high of 165,800 RMB/ton, and open interest increased by approximately 23,000 lots compared to the previous trading day. Based on actual market transactions, upstream lithium salt producers continued their cautious pricing strategy, with only a few suppliers offering small quantities; downstream companies showed generally weak purchasing sentiment on the first day after the holiday, most having completed their February raw material stockpiling before the New Year, and maintaining a strategy of buying on dips, with only a few companies making urgent replenishments. Overall, market inquiries and transactions remain relatively subdued. (SMM)