Core Viewpoint - The recent volatility in lithium carbonate futures has led to significant losses for investors, highlighting the importance of risk management in futures trading [2][3][4]. Group 1: Incident Overview - An investor lost their entire principal of 16 million and owes the futures company 4.64 million due to a margin call and subsequent liquidation of positions [2][3]. - The incident serves as a warning for all futures traders regarding the necessity of effective risk control measures [2][3]. Group 2: Market Conditions - Since August 6, lithium carbonate futures have seen a cumulative increase of over 20%, with price fluctuations exceeding 30% [8][9]. - The trading volume for lithium carbonate futures has surged, with recent trading days recording volumes of 1.2454 million and 1.4177 million contracts, compared to previous levels of only tens of thousands [9]. Group 3: Price Movements - The market experienced a three-day rally last week, with a weekly increase of over 11%, and a significant price surge on Monday leading to a limit-up situation [11][14]. - The price of lithium carbonate has recently reached 85,300 yuan, following a period of volatility and speculation regarding supply disruptions [16]. Group 4: Supply and Demand Dynamics - The market reacted to rumors of production halts at the Jiangxiawo mine, which produces approximately 6,000 tons of lithium carbonate per month, accounting for about 9% of domestic supply [14]. - The supply uncertainty, combined with strong demand from the energy storage sector and recovering battery sales, is expected to support prices in the short term [26]. Group 5: Risk Management Strategies - To avoid similar incidents, it is crucial for investors to manage their positions and leverage carefully, maintaining sufficient margin buffers [21][23]. - Implementing stop-loss and take-profit strategies, as well as considering hedging or spread strategies in volatile markets, can mitigate risks [22].

"反内卷"政策提振大宗商品行情之际，风险也潜藏在期货交易当中。 近日，有市场消息称， 近期碳酸锂期货的大幅波动行情中，有投资者做空碳酸锂爆仓了，不仅本金1600万全部亏完，还倒欠期货公司464 万。为所有期货交易者敲响了风险控制的警钟。 财联社记者向业内人士了解到， 前述事件确有发生，投资者在交易碳酸锂期货的过程中发生了穿仓，相关公司正与客户积极沟通补款事 宜。 而回看事件的发生，为何会发生穿仓事件，如何避免类似的事件发生，值得投资者留意。 穿仓的背后：极端行情叠加流动性不足 所谓的"爆仓"和"穿仓"，是2个与风险控制相关的重要概念。 其中，"爆仓"主要是当期货账户的保证金余额低于交易所或期货公司规定的 "维持保证金" 水平时，期货公司为避免风险扩大，强制平仓部 分或全部持仓的行为。而"穿仓"不仅低于维持保证金，甚至是强平以后仍不足以覆盖亏损，出现负债的情况。 一位期货公司人士向财联社记者解释， 穿仓的情况多在交易者账户相关品种持仓受市场因素影响出现流动性不足的单边市情况下。 "当交易者账户处于追保状态且尚未足额缴纳保证金，交易者或期货公司风控通过平仓的方式释放账户风险，平仓单无法成交，账户风险度 持续放大。 ...