Market Overview: On May 14, the lithium carbonate market experienced a continued decline across both spot and futures markets. The main 2407 futures contract dropped by 2.05%, while spot prices for battery-grade and industrial-grade lithium carbonate also fell.
Spot Market:
Futures Market: The main lithium carbonate 2407 contract opened at 106,750 yuan per ton (~14,744.48 USD/ton) and closed at 105,000 yuan per ton (~14,502.76 USD/ton). Trading volume reached 214,774 contracts, and open interest increased by 692 contracts to 198,922. Prices were stable in the morning session but dropped significantly in the afternoon before partially recovering.
Looking Forward:
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Robin He
SMM Li-ion Battery Materials Department
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