SMM Lithium Carbonate Futures Review: LC2411 Contract Closes 0.43% Higher Amid Volatile Trading

October 18

[SMM Lithium Carbonate Futures Review: LC2411 Main Contract Rises by 0.43%] On October 18, the main contract of lithium carbonate LC2411 increased by 0.43%. According to data, the main contract of lithium carbonate LC2411 opened at 69,000 yuan/ton and closed at 70,650 yuan/ton on the same day, with a trading volume of 190,861 contracts and an open interest of 160,820 contracts, a decrease of 20,783 contracts from the previous trading day. SMM's spot quotation of battery-grade lithium carbonate on the same day was 71,800-75,500 yuan/ton, with an average price of 73,700 yuan/ton, a decrease of 1,050 yuan/ton from the previous working day. In terms of the trend, the price of lithium carbonate opened lower and fell to the lowest point during the day. It then rose slightly and continued to fluctuate, rebounded significantly after lunch, fell slightly in the closing session, and finally closed up 0.43%.