Guangda Futures: collective correction of non-ferrous metals, lithium carbonate touched the daily limit during the day trading.

On Thursday evening, after the opening of the US stock market, there was an overall decline, triggering market panic and leading to tightening market liquidity. In addition, the recent rapid rise in precious metals and non-ferrous metals markets, accumulating a significant amount of risk, led to a collective pullback of precious metals and non-ferrous metals after the opening on Friday. The downward trend continued. Lithium carbonate hit the limit down intraday, then slightly rebounded, but the intraday decline remained around 9%. Recently, due to large price fluctuations, regulatory cooling policies have been frequently introduced, causing some long funds to exit. At the same time, spot prices weakened simultaneously, with the average price of battery-grade lithium carbonate falling by 4,000 yuan per ton to 168,000 yuan per ton, and the industrial-grade lithium carbonate falling by 4,000 yuan per ton to 164,500 yuan per ton. The average price of battery-grade lithium hydroxide fell by 2,700 yuan per ton to 163,000 yuan per ton. It is necessary to closely monitor market sentiment and policy dynamics in the future.