News

Golden Ten Data reported on March 10th that, according to Russian Sputnik News, Russian expert Iqbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices may drop to $100 per barrel. However, we will then once again face geopolitical risks and actual supply shortages. If this situation persists for a long time, we can safely expect oil prices to reach $150-160 per barrel.

Golden Ten Data reported on March 10 that Citigroup economist Jin-Wook Kim stated that a supplementary budget of up to 15 trillion Korean won (which may be introduced before the June 3 local elections) is expected to boost South Korea's GDP growth by 0.11% to 0.21% over four quarters. Kim said that this additional expenditure could be used to fund fuel tax cuts and oil product price caps, while also providing support for low-income workers and the transportation industry.

Golden Ten Futures, March 10 – According to Fubao Information, today’s Fubao electric carbon spot basis index is -730 yuan/ton (unchanged); battery-grade lithium carbonate is quoted at 161,250 yuan/ton (+8,000 yuan/ton); industrial-grade lithium carbonate (comprehensive) is quoted at 159,600 yuan/ton (+8,000 yuan/ton); the average long-term contract price for battery-grade lithium carbonate is 153,300 yuan/ton (-50 yuan/ton); lithium hydroxide index is quoted at 153,000 yuan/ton (+6,000 yuan/ton); metallic lithium index is quoted at 1,055,000 yuan/ton (+15,000 yuan/ton); Fubao brine (lithium sulfate) discount coefficient is reported at 73% (-2); lithium carbonate futures showed relatively strong fluctuations in the morning session, while spot market trading remained light.