Lithium Carbonate 2401 Main Contract Falls by 1.10% in SMM Quarterly Review

SMM Lithium Carbonate Quarterly Review: LC2401 main contract fell by 1.10%

On January 25, the main contract of lithium carbonate 2401 fell by 1.10%. According to data, the main contract of lithium carbonate 2401 opened at 104,950 yuan/ton and closed at 102,950 yuan/ton, with a trading volume of 31 contracts and an open interest of 112 contracts, an increase of 2 contracts from the previous trading day. The spot price of battery-grade lithium carbonate reported by SMM on the same day was 93,000-100,000 yuan/ton, with an average price of 96,500 yuan/ton, unchanged from the previous working day. In terms of trends, the price of lithium carbonate on the market opened sharply lower and then fluctuated downwards after a slight rebound, with a slight uptick towards the end of the trading day. The main contract price saw a small increase after the midday opening, but then a significant pullback towards the end, resulting in a final drop of 1.10% in the market price.