Lithium Carbonate LC2401 Main Contract Drops 0.25%

Published: Dec 29, 2023 15:27

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【SMM lithium carbonate quarterly review: LC2401 main contract continues to fall, down 0.25%】On December 29th, the main contract of lithium carbonate LC2401 dropped by 0.25%. According to data, the main contract of lithium carbonate LC2401 opened at 101200/ton and closed at 101100/ton, with a trading volume of 6422 lots and an open interest of 11852 lots, a decrease of 1181 lots from the previous trading day. SMM's battery-grade lithium carbonate spot price on the day was 93000-100800 yuan/ton, with an average price of 96900 yuan/ton, a decrease of 100 yuan/ton from the previous working day. Shortly after the opening of the LC2401 contract today, it dropped significantly, falling by 3.5% to reach a low of 97750 yuan/ton. It then fluctuated and rose, but contrary to the morning market, the prices surged significantly after the afternoon opening, stabilizing overall until the close, ultimately falling by 0.25%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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