SMM Lithium Carbonate Futures Update: LC2411 Contracts Rise Marginally Amid Price Volatility

Published: Aug 19, 2024 16:00

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[SMM Lithium Carbonate Futures Review: LC2411 Main Contract Up 0.20% Marginally] On August 19, the main contract for lithium carbonate LC2411 increased marginally by 0.20%. According to data, the main contract for lithium carbonate LC2411 opened at 73,350 yuan/ton and closed at 73,400 yuan/ton on the day, with a trading volume of 173,315 contracts and an open interest of 226,887 contracts, an increase of 1,690 contracts from the previous trading day. SMM's spot price for battery-grade lithium carbonate was quoted at 71,800-77,600 yuan/ton on the day, with an average price of 74,700 yuan/ton, down 500 yuan/ton from the previous working day. In terms of price movement, lithium carbonate prices fell initially after the opening before rising, then fluctuated steadily until the end of the morning session. After the opening of the afternoon session, the main contract dipped slightly before rising sharply, eventually closing up 0.20%.

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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