[SMM Lithium Carbonate Futures Review: LC2407 Main Contract Declines by 0.61%]

Published: Feb 8, 2024 09:54

Source: SMM

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Originally created by Wenxia FAN, forwarded by Florence HU

On February 7th, the main contract for lithium carbonate, LC2407, experienced a decline of 0.61%. According to data, the main contract opened at 97,100 RMB/ton and closed at 97,650 RMB/ton, with a trading volume of 42,570 lots and an open interest of 136,452 lots. This represents a decrease of 5,787 lots compared to the previous trading day. On the same day, the spot price for battery-grade lithium carbonate was quoted at 94,300-99,800 RMB/ton, with an average price of 97,050 RMB/ton, remaining unchanged from the previous working day. In terms of the trend, the price of lithium carbonate fluctuated upwards after the opening, briefly reaching a daily high of 98,350 RMB/ton before starting to decline. It quickly rose again towards the end of the session. In the afternoon session, the market stabilized and operated steadily. Ultimately, it closed with a decline of 0.61%.

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