碳酸锂数据日报-20250604

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core View - The short - term trend of lithium carbonate is mainly weak. The supply side has an increase in the weekly output of the lithium carbonate industry due to price increases within the week, while material demand remains relatively stable. The cost of lithium carbonate moves down moderately, forming a negative feedback loop, and the reduction or suspension of production at the mine end is a key variable to observe in the future [3]. 3. Summary by Relevant Content Lithium Compound Prices - SMM battery - grade lithium carbonate has an average price of 60,300 yuan, a decrease of 400 yuan; SMM industrial - grade lithium carbonate has an average price of 58,700 yuan, a decrease of 400 yuan [1]. - The closing prices and price changes of lithium carbonate futures contracts: the price of lithium carbonate 2506 is 59,900 yuan, with a 0.3% increase; lithium carbonate 2507 is 59,940 yuan, with a 0.33% increase; lithium carbonate 2508 has a 0.07% increase; lithium carbonate 2509 is 59,820 yuan, with a 0.1% decrease; lithium carbonate 2510 has a 0.07% increase [1]. Lithium Ore Prices - Lithium spodumene concentrate (CIF China, Li2O: 5.5% - 6%) has an average price of 645 yuan, a decrease of 31 yuan; lithium mica (Li2O: 1.5% - 2.0%) has an average price of 675 yuan, a decrease of 10 yuan; lithium mica (Li2O: 2.0% - 2.5%) has an average price of 1185 yuan, a decrease of 15 yuan; phospho - lithium - aluminum stone (Li2O: 6% - 7%) has an average price of 5740 yuan; phospho - lithium - aluminum stone (Li2O: 7% - 8%) has an average price of 6690 yuan, a decrease of 75 yuan [1][2]. Cathode Material Prices - The average price of lithium iron phosphate (power type) is 30,335 yuan, a decrease of 145 yuan; the average price of ternary material 811 (polycrystalline/power type) is 144,790 yuan, a decrease of 80 yuan; the average price of ternary material 523 (single - crystal/power type) is 114,905 yuan, a decrease of 100 yuan; the average price of ternary material 613 (single - crystal/power type) is 122,135 yuan, a decrease of 70 yuan [2]. Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 1600 yuan; the price spread between battery - grade lithium carbonate and the main contract is 360 yuan, a decrease of 540 yuan; the price spread between the near - month and the first - continuous contract is 40 yuan, with no change; the price spread between the near - month and the second - continuous contract is 120 yuan, an increase of 140 yuan [2]. Inventory - The total inventory (weekly, tons) is 131,571 tons, a decrease of 208 tons; the inventory of smelters (weekly, tons) is 56,235 tons, a decrease of 780 tons; the inventory of downstream (weekly, tons) is 41,616 tons, an increase of 752 tons; the inventory of others (weekly, tons) is 33,720 tons, a decrease of 180 tons; the registered warehouse receipts (daily, tons) is 33,457 tons, with a change of 0 [2]. Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 61,935 yuan, and the profit is - 2476 yuan; the cash cost of externally purchased lithium mica concentrate is 64,355 yuan, and the profit is - 6390 yuan [3]. Industry News - On June 2, 2025, it was reported that the lithium mining development plan in the Uyuni Salt Flats in Bolivia suffered a major setback. The local court suspended two large - scale lithium mining agreements signed with China and Russia from 2023 to 2024, with a total value of over 2 billion US dollars [3].