SMM Lithium Carbonate Futures Drop 1.47% in LC2411 Contract Amid Price Volatility

Published: Aug 7, 2024 16:01

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[SMM Lithium Carbonate Futures Review: LC2411 Main Contract Drops by 1.47%] On August 7, the LC2411 main contract for lithium carbonate fell by 1.47%. According to data, the LC2411 main contract for lithium carbonate opened at 81,850 yuan/ton and closed at 80,300 yuan/ton on that day, with a trading volume of 90,947 lots and an open interest of 209,655 lots, an increase of 2,516 lots from the previous trading day. SMM's spot quotation for battery-grade lithium carbonate on the same day was 78,600-82,200 yuan/ton, with an average price of 80,400 yuan/ton, a decrease of 100 yuan/ton from the previous working day. In terms of the trend, the price of lithium carbonate fell immediately after the opening, then fluctuated and stabilized, and declined slightly towards the end of the session, ending with a loss of 1.47%.

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