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China lithium contract jumps 8% on debut - exchange official

Reuters2021-07-05

July 5 (Reuters) -

* China's first exchange-traded lithium contract, for delivery in October 2021, jumped 8% on its debut on the Wuxi Stainless Steel Exchange on Monday, an official from the bourse said.

* The closing price for battery-grade lithium carbonate was 95 yuan ($14.71) per kg, or 95,000 yuan a tonne, on the first day of trade, up from an opening price of 88 yuan/kg, said Li Jincheng, senior product director at the exchange.

* The launch of Wuxi's contract for lithium, a key ingredient in electric-vehicle batteries, comes as resurgent demand leads major commodity exchanges in the United States and Britain to roll out their own lithium offerings.

* The volume traded on the first day in Wuxi exceeded 70 tonnes of lithium carbonate, Li added, declining to name any of the companies that participated in the trades; Wuxi lithium can be traded on a spot or forward basis.

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评论7

  • xCoCx
    ·2021-07-06
    Comment please
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  • JCBL
    ·2021-07-06
    Battery raw materials will be the future copper...
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  • Kimmie165
    ·2021-07-06
    Great 👍 
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  • Zivcheah
    ·2021-07-05
    Done comment
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  • RladPdnjs
    ·2021-07-05
    Please like and comment
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    收起
    • KKSV
      Yeah
      2021-07-05
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  • Trader27481
    ·2021-07-05
    Wowowo
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  • RahayuYunus
    ·2021-07-05
    Huhu
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