Report Summary 1. Report Industry Investment Rating - No investment rating provided in the report 2. Core View - The lithium market shows a slight de - stocking trend due to reduced supply and stable demand in the short term. Downstream acceptance of current prices is low, resulting in small spot trading volumes, and mine - end prices are continuously declining [3] 3. Summary by Related Catalogs Lithium Compound Prices - SMM battery - grade lithium carbonate has an average price of 63,050 with no change, and SMM industrial - grade lithium carbonate has an average price of 61,450 with no change [1] Lithium Ore Prices - Lithium spodumene concentrate (CIF China, Li20: 5.5% - 6%) is priced at 690 with no change. Lithium mica (Li20: 1.5% - 2.0%) is 705, lithium mica (Li20: 2.0% - 2.5%) is 1280, phosphorus lithium aluminum stone (Li20: 6% - 7%) is 6025, and phosphorus lithium aluminum stone (Li20: 7% - 8%) is 7050 [1][2] Positive Electrode Material Prices - The average price of lithium iron phosphate (power type) is 31,030, the average price of ternary material 811 (polycrystalline/power type) is 145,550 with a decrease of 60, the average price of ternary material 523 (single - crystal/power type) is 115,745, and the average price of ternary material 613 (single - crystal/power type) is 122,835 with a decrease of 50 [2] Futures Contract Prices - Lithium carbonate 2506 has a closing price of 60,980 with a decline of 1.36%, lithium carbonate 2507 has a closing price of 60,960 with a decline of 1.65%, lithium carbonate 2508 has a decline of 1.43%, lithium carbonate 2509 has a closing price of 62,100 with a decline of 1.33%, and lithium carbonate 2510 has a decline of 1.23% [1] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 1600 with no change, the difference between battery - grade lithium carbonate and the main contract is 2090 with a change of 1180, the difference between the near - month and the first - continuous contract is 20 with no change, and the difference between the near - month and the second - continuous contract is - 1120 with a decrease of 80 [2] Inventory - The total inventory (weekly, tons) is 131,779 with a decrease of 141, the smelter inventory (weekly, tons) is 57,015 with an increase of 493, the downstream inventory (weekly, tons) is 40,864 with a decrease of 564, other inventory (weekly, tons) is 33,900 with a decrease of 70, and the registered warehouse receipts (daily, tons) is 35,773 with a decrease of 90 [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 66,492, and the profit is - 4310. The cash cost of purchasing lithium mica concentrate externally is 67,414, and the profit is - 6754 [3] Industry News - South Africa has launched a key mineral development strategy, and the government has approved the "Key Minerals and Metals Strategy" and is seeking public comments on the "2025 Mineral Resources Development Act (MRDB)" [3]
碳酸锂数据日报-20250526
Guo Mao Qi Huo·2025-05-26 07:02