The most-traded lithium carbonate contract fell by 5.17% [SMM Market Review Oct 17]

On October 17, the most-traded lithium carbonate 2411 contract fell by 5.17%. According to data, the lithium carbonate 2411 contract opened at 71,250 yuan/mt and closed at 68,600 yuan/mt, with a trading volume of 146,283 lots and an open interest of 181,603 lots, a decrease of 7,077 lots from the previous trading day. SMM's battery-grade lithium carbonate spot price for the day was 73,500–75,900 yuan/mt, with an average price of 74,700 yuan/mt, a decrease of 700 yuan/mt from the previous working day. From the trend, the lithium carbonate price fluctuated rangebound after opening and then fluctuated downward, continuing to fall to the intraday low by the close, ultimately closing down 5.12%.