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GFEX sets lithium carbonate LC2711 futures fee at 0.008% of trade value

The Guangzhou Futures Exchange set the trading fee for its lithium carbonate futures LC2711 contract at 0.008% of transaction value, with the same rate applying to intraday close-out trades. The minimum opening order is 2 lots and the minimum closing order is 1 lot, while non-futures-company members and clients are capped at 800 lots of daily opening positions.

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AI take

The detail that matters here is the symmetry between standard and intraday close-out fees, which removes a common cost bias against same-day trading and can affect liquidity provision in the contract. The 800-lot daily opening cap for non-futures-company members and clients is the more binding constraint, shaping how large speculative positions can build. It signals the exchange is calibrating participation rather than simply pricing access. Whether that cap loosens over time, or the fee structure shifts once trading matures, is the open question worth tracking.

Generated by AI for reference only.

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