RE: SPOD SC6 $213022 Jan 2026 06:56
China steps in and raises the daily trading band for #lithium futures from 9 to 11%.
It’s the sixth time Guangzhou has stepped in since Dec. 19. Its previous interventions involved capping new positions and raising fees to quell the moves. Still, open interest and trading volumes have remained elevated, following the records hit in November.
The most-active contract extended gains by about 7% to 166,740 yuan ($23,943) a ton on Wednesday afternoon. Prices have doubled since the start of November, propelled by bets on growth in energy storage systems, an uncertain supply outlook in one of China’s main production hubs, and the potential front-loading of the country’s battery-related exports in the first quarter.