CATL(SZ:300750) Jin Tou Wang·2025-12-30 06:04Group 1 - The core viewpoint of the article highlights a significant decline in lithium carbonate futures, with the main contract dropping by 2.25% to 123,500 yuan per ton as of the report date [1][2] Group 2 - In terms of fundamentals, Hualian Futures reports a slight increase in lithium carbonate production last week, with domestic lithium salt plants maintaining high operating rates and new capacity from salt lake lithium extraction being continuously released [2] - Demand-side concerns have risen, as New Lake Futures notes that the secretary-general of the Passenger Car Association, Cui Dongshu, anticipates a year-on-year increase of 5% in new energy vehicle sales for Q1 2026, but a 36% decrease compared to the previous quarter [2] - On the inventory front, Everbright Futures indicates a weekly inventory decrease of 652 tons to 109,773 tons, with downstream inventory dropping by 1,593 tons to 39,892 tons, while other segments saw an increase of 1,180 tons to 52,030 tons, and upstream inventory decreased by 239 tons to 17,851 tons [2] Group 3 - Looking ahead, Zhongyuan Futures suggests that the actual trend of lithium carbonate has surpassed previous forecasts, indicating a reversal in market sentiment after a steep upward trend has ended. The strategy recommended is to remain cautious and watch for potential further price declines, with a support level around 117,400 yuan and a resistance level at the settlement price of 126,340 yuan [2]