Lithium Carbonate Futures Plunge 5.17% on SMM LC2411 Contract Amid Market Weakness

October 17

[SMM lithium carbonate futures commentary: LC2411 main contract fell by 5.17%] On October 17, the main contract of lithium carbonate 2411 fell by 5.17%. According to data, the main contract of lithium carbonate 2411 opened at 71,250 yuan/ton and closed at 68,600 yuan/ton on the same day. The trading volume was 146,283 contracts, and the open interest was 181,603 contracts, a decrease of 7,077 contracts from the previous trading day. On the same day, SMM's spot quotation of battery-grade lithium carbonate was 73,500-75,900 yuan/ton, with an average price of 74,700 yuan/ton, a decrease of 700 yuan/ton from the previous working day. In terms of trend, the price of lithium carbonate fluctuated sideways and declined after opening on the same day, and continued to decline to the lowest point of the day until the closing, finally closing down 5.12%.