Lithium Carbonate Futures: LC2401 Main Contract Falls by 1.05%

Published: Jan 17, 2024 16:51

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SMM lithium carbonate futures review: LC2401 main contract fell by 1.05%
On January 17th, the main contract of lithium carbonate 2401 futures fell by 1.05%. According to data, the main contract of lithium carbonate 2401 opened at 106,000 yuan/ton and closed at 103,800 yuan/ton, with a trading volume of 49 lots and an open interest of 56 lots, an increase of 30 lots 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 the trend, the market saw intense competition between bulls and bears today, with a slight rise in the early trading session, followed by a volatile trend and a sharp decline towards the end of the session. After the midday session, the market continued to decline, but saw a slight rebound towards the end of the session, ultimately closing down by 1.05%.

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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