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碳酸锂数据日报-20250605
Guo Mao Qi Huo·2025-06-05 08:21

Report Industry Investment Rating - No information provided in the given content Core View of the Report - The short - term trend of lithium carbonate is mainly weak. On the supply side, due to the price increase during the week, some integrated plants have hedging space, and the weekly output of the lithium carbonate industry has increased, while the material demand is relatively stable. The cost of lithium carbonate has decreased moderately, forming a negative feedback loop. The reduction or suspension of production at the mine end is needed to break this, but it has not occurred yet, which is a key variable to monitor in the future [3] Summary by Relevant Catalogs Lithium Compound Prices - The average price of SMM battery - grade lithium carbonate is 60,250 yuan/ton, down 50 yuan; the average price of SMM industrial - grade lithium carbonate is 58,650 yuan/ton, down 50 yuan [1] Lithium Futures Contracts - The closing price of lithium carbonate 2506 is 61,220 yuan/ton, with a daily increase of 2.48%; the closing price of lithium carbonate 2507 is 61,080 yuan/ton, with a daily increase of 2.55%; the closing price of lithium carbonate 2508 is 61,140 yuan/ton, with a daily increase of 2.52%; the closing price of lithium carbonate 2509 is 61,220 yuan/ton, with a daily increase of 2.75%; the closing price of lithium carbonate 2510 is 61,000 yuan/ton, with a daily increase of 2.25% [1] Lithium Ore Prices - The price of lithium spodumene concentrate (CIF China) is 630 yuan/ton, down 15 yuan; the price of lithium mica (Li20: 1.5% - 2.0%) is 675 yuan/ton; the price of lithium mica (Li20: 2.0% - 2.5%) is 1185 yuan/ton; the price of amblygonite (Li20: 6% - 7%) is 5700 yuan/ton; the price of amblygonite (Li20: 7% - 8%) is 6640 yuan/ton, down 50 yuan [1][2] Cathode Material Prices - The average price of lithium iron phosphate (power type) is 30,315 yuan/ton, down 20 yuan; the average price of ternary material 811 (polycrystalline/power type) is 144,690 yuan/ton, down 100 yuan; the average price of ternary material 523 (single - crystal/power type) is 114,875 yuan/ton, down 30 yuan; the average price of ternary material 613 (single - crystal/power type) is 122,055 yuan/ton, down 80 yuan [2] Price Differences - The price difference between battery - grade and industrial - grade lithium carbonate is 1600 yuan/ton; the price difference between battery - grade lithium carbonate and the main contract is - 830 yuan/ton, down 1190 yuan; the price difference between the near - month and the first - continuous contract is - 60 yuan/ton, down 100 yuan; the price difference between the near - month and the second - continuous contract is - 140 yuan/ton, down 260 yuan [2] Inventory - The total inventory (weekly, tons) is 131,571 tons, down 208 tons; the inventory of smelters (weekly, tons) is 56,235 tons, down 780 tons; the inventory of downstream (weekly, tons) is 41,616 tons, up 752 tons; the inventory of others (weekly, tons) is 33,720 tons, down 180 tons; the registered warehouse receipts (daily, tons) is 33,397 tons, down 60 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 60,977 yuan/ton, and the profit is - 1568 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is 64,355 yuan/ton, and the profit is - 6439 yuan/ton [3] Industry News - On June 2, 2025, it was reported that the lithium mining development plan of the Uyuni Salt Flats in Bolivia had suffered a major setback. The Coloha K Mixed Court ruled last week to suspend two large - scale lithium mining agreements signed between Bolivia and China and Russia in 2023 - 2024, worth over 2 billion US dollars, involving the Chinese CBC consortium (including CATL) and a subsidiary of the Russian state nuclear energy company Rosatom [3]