碳酸锂：多空存分歧，上方或仍承压

1. Report Industry Investment Rating - No information provided regarding the report industry investment rating 2. Core View of the Report - There are differences between bulls and bears in the lithium carbonate market, and the upside may still face pressure [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Market Data: For the 2507 contract, the closing price was 60,760, with a change of -3,520 compared to T - 22; the trading volume was 204,780, a decrease of 104,504 compared to T - 22; the open interest was 194,731, a decrease of 72,665 compared to T - 22. For the 2509 contract, the closing price was 60,980, a change of -4,300 compared to T - 22; the trading volume was 112,617, an increase of 76,513 compared to T - 22; the open interest was 194,764, an increase of 141,674 compared to T - 22. The warehouse receipt volume was 32,947, a decrease of 3,294 compared to T - 22 [1] - Basis Data: The basis of spot - 2507 was -410, a change of -1,380 compared to T - 22; the basis of spot - 2509 was -630, a change of -600 compared to T - 22; the basis of 2507 - 2509 was -220, a change of 780 compared to T - 22; the difference between electric carbon and industrial carbon was 1,600, a change of -50 compared to T - 22; the difference between spot and CIF was 2,136, a change of -1,250 compared to T - 22 [1] - Raw Material Data: The price of spodumene concentrate (6%, CIF China) was 628, a decrease of 115 compared to T - 22; the price of lepidolite (2.0% - 2.5%) was 1,185, a decrease of 240 compared to T - 22 [1] - Lithium Salt Data: The price of battery - grade lithium carbonate was 60,350, a decrease of 4,900 compared to T - 22; the price of battery - grade lithium carbonate (CIF) was 8,100, a decrease of 450 compared to T - 22; the price of industrial - grade lithium carbonate was 58,750, a decrease of 4,850 compared to T - 22; the price of battery - grade lithium hydroxide (micropowder) was 66,350, a decrease of 5,255 compared to T - 22; the price of battery - grade lithium hydroxide (CIF) was 8,200, a decrease of 500 compared to T - 22 [1] - Consumption Data: The price of lithium iron phosphate (power type) was 30,405, a decrease of 1,140 compared to T - 22; the price of lithium iron phosphate (mid - high - end energy storage type) was 28,920, a decrease of 1,135 compared to T - 22; the price of lithium iron phosphate (low - end energy storage type) was 26,610, a decrease of 1,120 compared to T - 22; the price of ternary material 523 (polycrystalline/consumer type) was 105,480, an increase of 400 compared to T - 22; the price of ternary material 622 (polycrystalline/consumer type) was 111,550, a decrease of 1,180 compared to T - 22; the price of ternary material 811 (polycrystalline/power type) was 144,100, a decrease of 2,120 compared to T - 22; the price of lithium hexafluorophosphate was 52,500, a decrease of 1,850 compared to T - 22; the price of electrolyte (for ternary power) was 21,900, a decrease of 250 compared to T - 22; the price of electrolyte (for lithium iron phosphate) was 17,950, a decrease of 250 compared to T - 22 [1] 3.2 Macro and Industry News - The SMM battery - grade lithium carbonate index price was 60,599 yuan/ton, a daily increase of 92 yuan/ton; the price of battery - grade lithium carbonate was 59,700 - 61,000 yuan/ton, with an average price of 60,350 yuan/ton, a daily increase of 100 yuan/ton; the price of industrial - grade lithium carbonate was 58,250 - 59,250 yuan/ton, with an average price of 58,750 yuan/ton, a daily increase of 100 yuan/ton [1] - In the first five months of this year, China's exports of equipment manufacturing products reached 6.22 trillion yuan, a year - on - year increase of 9.2%, accounting for 58.3% of China's total exports. Among them, the export of electric vehicles increased by 19% [1][3] 3.3 Trend Intensity - The trend intensity of lithium carbonate was 0, indicating a neutral trend [3]