This market resolves YES if natural flake graphite concentrate (FOB China, +80 mesh) spot price exceeds 650 USD/t on May 31, 2026.

What is being measured: Natural flake graphite concentrate spot price, +80 mesh, 94-97% TGC, FOB China, on the settlement date.

YES if: Natural flake graphite FOB China price >= 650 USD per tonne on May 31, 2026 NO if: Natural flake graphite FOB China price < 650 USD per tonne on May 31, 2026

Resolution sources (priority order):

Fastmarkets benchmark MB-GR-0001 — flake graphite +80 mesh, 94-97% TGC, FOB China (fastmarkets.com)

Asian Metal natural flake graphite prices (asianmetal.com)

Shanghai Metals Market (SMM) flake graphite price (smm.cn)

Benchmark Mineral Intelligence graphite price index (benchmarkminerals.com)