Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - In April, lithium carbonate production scheduling was basically stable, cathode production scheduling increased slightly, and the supply - demand gap narrowed. Social inventories continued to accumulate, and downstream raw material inventories were at a high level. Short - term downstream purchases were mainly for刚需, and production still adopted long - term order and customer - supplied models. It is expected that the futures price will be mainly in a weak and volatile state [2]. 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price was 71,450 yuan, down 100 yuan; SMM industrial - grade lithium carbonate average price was 69,650 yuan, unchanged [1]. Lithium Futures Contracts - The closing prices and changes of lithium carbonate futures contracts on April 21, 2025 were as follows: Li2505 was 70,320 yuan, down 0.28%; Li2506 was 70,260 yuan, down 0.26%; Li2507 was 70,180 yuan, down 0.34%; Li2508 was 71,300 yuan, down 0.11%; Li2509 was 71,460 yuan, down 0.2% [1]. Lithium Ore - The average price of spodumene concentrate (CIF China) was 808 yuan, down 1 yuan. The prices of different types of lithium mica and lithium - aluminum phosphate ore also had corresponding changes [1][2]. Cathode Materials - The average prices of cathode materials such as lithium iron phosphate (power type), ternary material 811 (polycrystalline/power type), ternary material 523 (single - crystal/power type), and ternary material 613 (single - crystal/power type) all decreased to varying degrees [2]. Price Spreads - The price spreads between battery - grade and industrial - grade lithium carbonate, battery - grade lithium carbonate and the main contract, and among different - term futures contracts all had corresponding changes [2]. Inventory - The total inventory (weekly, tons) was 131,605 tons, with inventory in smelters, downstream, and other sectors changing differently. The registered warehouse receipts (daily, tons) were 29,562 tons, an increase of 300 tons [2]. Production Profit - The cash cost of purchasing spodumene concentrate externally was 74,466 yuan, with a profit of - 3,998 yuan; the cash cost of purchasing lithium mica concentrate externally was 76,596 yuan, with a profit of - 7,845 yuan [2]. Other News - CATL was approved to list on the Hong Kong Stock Exchange, with an expected fundraising of at least $5 billion (about 36.5 billion yuan). The funds will be used for overseas capacity expansion and international business development [2]. - A lithium ore exploration right in Hotan, Xinjiang was successfully auctioned at a price of 500.196 million yuan, with a premium rate of 12,906% [2].
碳酸锂数据日报-20250421
Guo Mao Qi Huo·2025-04-21 07:00