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2021-07-05

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China lithium contract jumps 8% on debut - exchange official

July 5 (Reuters) - * China's first exchange-traded lithium contract, for delivery in October 2021, j

China lithium contract jumps 8% on debut - exchange official

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina lithium contract jumps 8% on debut - exchange official\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-05 15:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 5 (Reuters) -</p>\n<p>* 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.</p>\n<p>* 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.</p>\n<p>* 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.</p>\n<p>* 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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统","00772":"阅文集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149387896","content_text":"July 5 (Reuters) -\n* 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.\n* 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.\n* 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.\n* 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; 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