Lithium Carbonate 2407 Contract Soared by 3.00%

Published: Mar 18, 2024 15:36

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【SMM Lithium Carbonate Quarterly Review: LC2407 main contract rose 3.00%】 On March 18, the main contract for lithium carbonate 2407 rose by 3.00%. According to data, the main contract for lithium carbonate 2407 opened at 114,700 yuan/ton and closed at 116,900 yuan/ton, with a trading volume of 333,726 lots and an open interest of 205,503 lots, a decrease of 1164 lots from the previous trading day. SMM's spot price for battery-grade lithium carbonate on the same day was 110,000-115,100 yuan/ton, with an average price of 112,550 yuan/ton, an increase of 300 yuan/ton from the previous working day. In terms of trend, the price of lithium carbonate fluctuated upward after the opening on the same day, running above the daily average line, and then plummeted sharply at the end of the trading day, but ultimately closed up by 3.00%.

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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