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碳酸锂：基本面仍偏弱，上方空间或有限
Guo Tai Jun An Qi Huo·2025-05-15 02:35

Report Summary 1. Report Industry Investment Rating No information provided regarding the report industry investment rating. 2. Core View of the Report The fundamentals of lithium carbonate remain weak, and the upside potential may be limited [1]. 3. Summary by Relevant Catalogs Fundamentals Tracking - Market Data: The closing prices of the 2507 and 2509 contracts were 65,200 and 66,280 respectively. The trading volumes of the 2507 and 2509 contracts were 377,525 and 44,885 respectively. The open interests of the 2507 and 2509 contracts were 276,956 and 62,539 respectively. The warehouse receipt volume was 36,716 [2]. - Basis Data: The basis of spot - 2507 was -500, spot - 2509 was -1,580, 2507 - 2509 was -1,080, electric carbon - industrial carbon was 1,650, and spot - CIF was 3,429 [2]. - Raw Material Data: The price of spodumene concentrate (6%, CIF China) was 713, lithium mica (2.0% - 2.5%) was 1,360, battery - grade lithium carbonate was 64,700, and battery - grade lithium carbonate (CIF) was 8,500 [2]. - Lithium Salt Data: The price of industrial - grade lithium carbonate was 63,050, battery - grade lithium hydroxide (micronized) was 71,085, battery - grade lithium hydroxide (CIF) was 8,550, and various types of lithium iron phosphate and ternary materials also had corresponding prices [2]. Macro and Industry News - SMM's battery - grade lithium carbonate index price was 64,959 yuan/ton, up 197 yuan/ton from the previous working day. The average price of battery - grade lithium carbonate was 64,700 yuan/ton, up 100 yuan/ton, and the average price of industrial - grade lithium carbonate was 63,050 yuan/ton, up 100 yuan/ton [3]. - On May 13, Yahua Group announced that its subsidiary terminated the original lithium concentrate purchase agreement with Core's subsidiary. Core's Finniss lithium mine project suspended operations and could not supply lithium concentrate [4]. Trend Intensity The trend intensity of lithium carbonate was 0, with a range of [-2, 2] indicating different levels of bullishness or bearishness [4].