Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
The spot price of lithium carbonate continues to decline
Today, the SMM spot price for battery-grade lithium carbonate continued the downward trend from the previous working day. In the futures market, the main contract fluctuated and declined throughout the day. It opened at 16.2 ten-thousand yuan/ton, then steadily moved lower, ultimately breaking below the 15.7 ten-thousand yuan/ton level to close. By the close of trading, open interest decreased by about 3.6 thousand lots compared with the previous trading day.
In the spot market, upstream companies’ spot order quotes and their psychological willingness to price were slightly lowered, but they generally still stayed above 16.0 ten-thousand yuan/ton. Actual shipment willingness remained weak. Downstream material manufacturers continued a just-needed procurement strategy; purchase deals and willingness prices were mostly at 15.8 ten-thousand yuan/ton and below. Overall, both market inquiries and transactions were relatively subdued.
Affected by ongoing disturbances from supply-side news such as Zimbabwe and Jiangxi mines, lithium carbonate prices saw volatile declines today. Looking ahead, the marginal increase brought by the release of new vehicle models in April, geopolitical fluctuations in the Middle East, and continued supply-side disturbances all warrant close monitoring. Based on an overall assessment, it is expected that in the short term lithium carbonate prices will remain relatively strong. (SMM)