Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - The main contract price of lithium carbonate fell below 60,000 yuan/ton. Fundamentally, weekly supply decreased, demand remained stable, and there were signs of slight destocking. Downstream acceptance of current prices is low, spot trading volume is small, and the price center continues to move down. Short - term futures prices are expected to be weak [3] 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 62,000 yuan/ton, down 500 yuan; SMM industrial - grade lithium carbonate average price is 60,400 yuan/ton, down 500 yuan [1] Lithium Ore - Lithium spodumene concentrate (CIF China, Li2O: 5.5% - 6%) is 297, down 2; Lithium mica (Li2O: 1.5% - 2.0%) is 700; Lithium mica (Li2O: 2.0% - 2.5%) is 1,250, down 10; Phosphorus lithium aluminum stone (Li2O: 6% - 7%) is 5,950; Phosphorus lithium aluminum stone (Li2O: 7% - 8%) is 6,950, down 25 [1][2] Positive Electrode Materials - The average price of lithium iron phosphate (power type) is 30,780 yuan/ton, down 120 yuan; The average price of ternary material 811 (polycrystalline/power type) is 145,360 yuan/ton, down 100 yuan; The average price of ternary material 523 (single - crystal/power type) is 115,475 yuan/ton, down 170 yuan; The average price of ternary material 613 (single - crystal/power type) is 122,635 yuan/ton, down 120 yuan [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 1,600 yuan/ton; The price spread between battery - grade lithium carbonate and the main contract is 1,080 yuan/ton, down 1,320 yuan; The price spread between the near - month and the first - continuous contract is - 20 yuan/ton, down 180 yuan; The price spread between the near - month and the second - continuous contract is - 340 yuan/ton, up 520 yuan [2] Inventory - Total inventory (weekly, tons) is 131,779, down 141 tons; Smelter inventory (weekly, tons) is 57,015, up 493 tons; Downstream inventory (weekly, tons) is 40,864, down 564 tons; Other inventory (weekly, tons) is 33,900, down 70 tons; Registered warehouse receipts (daily, tons) is 34,154, down 825 tons [2] Profit Estimation - The cash cost of外购 lithium spodumene concentrate is 66,208 yuan, and the profit is - 5,065 yuan; The cash cost of外购 lithium mica concentrate is 66,952 yuan, and the profit is - 7,321 yuan [3] Industry News - South Africa launched a key mineral development strategy, and the cabinet officially approved the "Key Minerals and Metals Strategy" and solicited public opinions on the "2025 Mineral Resources Development Act (MRDB)" [3]
碳酸锂数据日报-20250528
Guo Mao Qi Huo·2025-05-28 03:48