Report Industry Investment Rating - No relevant content provided Core View of the Report - The current core contradiction lies in the downstream's "just - in - time procurement + multiple small - batch" strategy, and there is no production cut at the mining end. In the short term, the purchase by downstream traders drives the price to rebound, but the inventory is not actually absorbed by the end - users. This gives hedging space to the lithium salt end, further creating upward pressure. In the short term, the futures price of lithium carbonate is expected to be mainly in a volatile and weak trend [3] Summary by Related Catalogs Lithium Compound Prices - The average price of SMM battery - grade lithium carbonate is 61,300 with no change, and the average price of SMM industrial - grade lithium carbonate is 59,700 with no change [1] Lithium Futures Contracts - The closing price of lithium carbonate 2507 is 62,980 with a 0.16% increase; 2508 is 62,840 with a 0.1% increase; 2509 is 62,780 with a 0.16% increase; 2510 is 62,580 with a - 0.03% change; 2511 is 62,480 with a 0.03% increase [1] Lithium Ore Prices - The price of lithium spodumene concentrate (CIF China) is 625 with a decrease of 5; lithium mica (Li20: 1.5% - 2.0%) is 720; lithium mica (Li20: 2.0% - 2.5%) is 1255; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 4275 with a decrease of 75; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 5100 with a decrease of 100 [1][2] Cathode Material Prices - The average price of lithium iron phosphate (power type) is 30,495; ternary material 811 (polycrystalline/power type) is 142,530 with a decrease of 20; ternary material 523 (single - crystal/power type) is 114,455; ternary material 613 (single - crystal/power type) is 120,175 with a decrease of 20 [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 1600 with no change; the spread between battery - grade lithium carbonate and the main contract is - 1480 with a decrease of 520; the spread between the near - month and the first - consecutive contract is 60 with an increase of 80; the spread between the near - month and the second - consecutive contract is 260 with an increase of 100 [2] Inventory - The total inventory (weekly, tons) is 136,837 with an increase of 1936; the inventory of smelters (weekly, tons) is 59,032 with an increase of 407; the inventory of downstream (weekly, tons) is 40,635 with an increase of 269; the inventory of others (weekly, tons) is 37,170 with an increase of 1260; the registered warehouse receipts (daily, tons) is 22,940 with an increase of 312 [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 60,458, and the profit is - 8; the cash cost of purchasing lithium mica concentrate externally is not clearly stated, and the profit is - 6984 [3] Industry News - Zimbabwe will ban the export of lithium concentrate from 2027 to promote local processing. It banned the export of lithium ore in 2022 to encourage more local processing by miners [3]
碳酸锂数据日报-20250702
Guo Mao Qi Huo·2025-07-02 04:09