Group 1 - The core viewpoint indicates that the lithium carbonate futures market is showing strong performance, with a significant increase of 2.50% to 93,600.0 CNY/ton as of November 25 [1] - Supply data shows that lithium carbonate production reached 89,300 tons by October 2025, with a month-on-month increase of 5,790 tons, and the operating rate was 75.34%, up 16.04% year-on-year, indicating a stable supply side [1] - Demand remains robust, with high production rates in downstream sectors, particularly in power batteries and energy storage cells, leading to explosive growth in demand for lithium hexafluorophosphate [1] Group 2 - Inventory levels have decreased for 14 consecutive weeks, reaching 118,400 tons, with inventory turnover days dropping to 26.8 days; however, the pace of inventory reduction has slowed, possibly due to the emergence of hidden inventories [1] - The outlook for the lithium carbonate market suggests a scenario of simultaneous supply and demand growth, with positive demand expectations and ongoing inventory depletion [2] - In the options market, the put-call ratio is at 89.31%, down 37.68% month-on-month, indicating a shift towards bearish sentiment, while implied volatility has slightly decreased [2]
市场需求预期仍然向好 碳酸锂期货盘面表现偏强
Jin Tou Wang·2025-11-25 06:15