碳酸锂数据日报-20250606

Report Industry Investment Rating - Not provided Core View of the Report - The short - term trend of lithium carbonate is mainly weak. Supply increased due to price rises giving hedging space to some integrated plants, while material demand was stable. The cost of lithium carbonate decreased neutrally, forming a negative feedback loop that requires mine - end production cuts or halts, which haven't occurred yet and are key variables to monitor [3] Summary According to Related Catalogs Lithium Compound Prices - SMM battery - grade lithium carbonate average price is 60,200 yuan, down 50 yuan; SMM industrial - grade lithium carbonate average price is 58,600 yuan, down 50 yuan [1] Lithium Futures Contracts - Lithium carbonate 2506 closed at 60,140 yuan, down 0.2%; 2507 at 60,100 yuan, down 0.43%; 2508 at 60,480 yuan, down 0.07%; 2509 at 60,540 yuan, down 0.2%; 2510 at 60,640 yuan, unchanged [1] Lithium Ore Prices - Lithium spodumene concentrate (CIF China, Li20: 5.5% - 6%) is 626 yuan, down 4 yuan; lithium mica (Li20: 1.5% - 2.0%) is 675 yuan; lithium mica (Li20: 2.0% - 2.5%) is 1185 yuan; phosphorus lithium aluminum stone (Li20: 6% - 7%) is 5700 yuan; phosphorus lithium aluminum stone (Li20: 7% - 8%) is 6640 yuan [1][2] Cathode Material Prices - Phosphoric acid iron lithium (power - type) average price is 30,305 yuan, down 10 yuan; ternary material 811 (polycrystalline/power - type) is 144,490 yuan, down 200 yuan; ternary material 523 (single - crystal/power - type) is 114,755 yuan, down 120 yuan; ternary material 613 (single - crystal/power - type) is 121,905 yuan, down 150 yuan [2] Price Spreads - The difference between battery - grade and industrial - grade lithium carbonate is 1600 yuan; the difference between battery - grade lithium carbonate and the main contract is 100 yuan, with a change of 930 yuan; the difference between the near - month and the first continuous contract is - 380 yuan, down 320 yuan; the difference between the near - month and the second continuous contract is - 440 yuan, down 300 yuan [2] Inventory - Total inventory (weekly, tons) is 132,432 tons, an increase of 861 tons; smelter inventory (weekly, tons) is 57,116 tons, an increase of 881 tons; downstream inventory (weekly, tons) is 41,076 tons, a decrease of 540 tons; other inventory (weekly, tons) is 34,240 tons, an increase of 520 tons; registered warehouse receipts (daily, tons) is 33,461 tons, an increase of 64 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 60,708 yuan, with a profit of - 1347 yuan; the cash cost of purchasing lithium mica concentrate externally is 64,355 yuan, with a profit of - 6488 yuan [3] Industry News - On June 2, 2025, the Bolivian court suspended two large - scale lithium mining agreements with China and Russia, worth over 2 billion US dollars, which aimed to build direct lithium extraction (DLE) facilities in the Uyuni Salt Flats [3]