Report Industry Investment Rating - No relevant content Core View of the Report - The price of lithium carbonate is mainly supported by downstream purchases, but the production increase of cathode and battery factories in July is small, and the purchasing power mainly comes from traders with limited space. Due to the price rebound, the supply increase in July is significant, deepening the oversupply situation and dragging down the price increase. It is expected that as the purchasing pace slows down, the downward pressure on the futures price of lithium carbonate will intensify [3] Summary by Related Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 62,300 yuan with a daily increase of 200 yuan, and the average price of SMM industrial - grade lithium carbonate is 60,700 yuan with a daily increase of 200 yuan [1] - The closing price of lithium carbonate 2507 is 63,700 yuan with a decline of 0.34%; 2508 is 63,500 yuan with a decline of 0.69%; 2509 is 63,280 yuan with a decline of 0.75%; 2510 is 63,180 yuan with a decline of 0.69%; 2511 is 63,020 yuan with a decline of 0.63% [1] Lithium Ore - The average price of lithium spodumene concentrate (CIF China) is 653 yuan with a daily increase of 44 yuan [1] - The average price of lithium mica (Li20: 1.5% - 2.0%) is 775 yuan with a daily increase of 10 yuan; (Li20: 2.0% - 2.5%) is 1327.5 yuan with a daily increase of 12.5 yuan; the average price of phospho - lithium - aluminum stone (Li20: 6% - 7%) is 4375 yuan with a daily increase of 50 yuan; (Li20: 7% - 8%) is 5200 yuan with a daily increase of 50 yuan [2] Cathode Materials - The average price of lithium iron phosphate (power type) is 30,705 yuan with a daily increase of 45 yuan; the average price of ternary material 811 (polycrystalline/power type) is 142,640 yuan with a daily increase of 120 yuan; the average price of ternary material 523 (single - crystal/power type) is 114,555 yuan with a daily increase of 50 yuan; the average price of ternary material 613 (single - crystal/power type) is 120,165 yuan [2] Price Differences - 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 - 980 yuan with a change of 1000 yuan; the difference between the near - month and the first continuous contract is 220 yuan with a change of 140 yuan; the difference between the near - month and the second continuous contract is 320 yuan with a change of - 40 yuan [2] Inventory - The total inventory (weekly, tons) is 138,347 tons with an increase of 1510 tons; the inventory of smelters (weekly, tons) is 58,890 tons with a decrease of 142 tons; the inventory of downstream (weekly, tons) is 40,497 tons with a decrease of 138 tons; the inventory of others (weekly, tons) is 38,960 tons with an increase of 1790 tons; the registered warehouse receipts (daily, tons) is 21,036 tons with a decrease of 1844 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 61,667 yuan, and the profit is - 228 yuan; the cash cost of purchasing lithium mica concentrate is 66,522 yuan, and the profit is - 6597 yuan [3] Industry News - Zimbabwe will ban the export of lithium concentrate from 2027 to promote local processing [3]
碳酸锂数据日报-20250707
Guo Mao Qi Huo·2025-07-07 05:42