Report Industry Investment Rating - No relevant content provided 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 large, deepening the oversupply situation and dragging down the price increase, and there is no sign of production reduction in the ore end. It is expected that the downward pressure on the futures price of lithium carbonate will intensify as the purchasing pace slows down [3] Summary According to Related Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 62,550 yuan/ton, with a daily increase of 250 yuan/ton; the average price of SMM industrial - grade lithium carbonate is 60,950 yuan/ton, with a daily increase of 250 yuan/ton [1] - The closing price of lithium carbonate 2507 is 63,600 yuan/ton, with a decline of 0.5%; the closing price of lithium carbonate 2508 is 63,920 yuan/ton, with an increase of 0.22%; the closing price of lithium carbonate 2509 is 63,660 yuan/ton, with no change; the closing price of lithium carbonate 2510 is 63,520 yuan/ton, with an increase of 0.16%; the closing price of lithium carbonate 2511 is 63,340 yuan/ton, with an increase of 0.06% [1] Lithium Ore - The average price of lithium spodumene concentrate (CIF China) is 654 yuan/ton, with a daily increase of 44 yuan/ton. The average price of lithium mica (Li20: 1.5% - 2.0%) is 775 yuan/ton; the average price of lithium mica (Li20: 2.0% - 2.5%) is 1327.5 yuan/ton; the average price of phospho - lithium - aluminum stone (Li20: 6% - 7%) is 4375 yuan/ton; the average price of phospho - lithium - aluminum stone (Li20: 7% - 8%) is 5200 yuan/ton [1][2] Positive Electrode Materials - The average price of lithium iron phosphate (power type) is 30,770 yuan/ton, with a daily increase of 65 yuan/ton; the average price of ternary material 811 (polycrystalline/power type) is 142,760 yuan/ton, with a daily increase of 120 yuan/ton; the average price of ternary material 523 (single - crystal/power type) is 114,805 yuan/ton, with a daily increase of 250 yuan/ton; the average price of ternary material 613 (single - crystal/power type) is 120,255 yuan/ton, with a daily increase of 90 yuan/ton [2] Price Difference - The price difference between battery - grade and industrial - grade lithium carbonate is 1600 yuan/ton, with no change; the price difference between battery - grade lithium carbonate and the main contract is - 1110 yuan/ton, with a decrease of 130 yuan/ton; the price difference between the near - month and the first - continuous contract is 260 yuan/ton, with an increase of 40 yuan/ton; the price difference between the near - month and the second - continuous contract is 400 yuan/ton, with an increase of 80 yuan/ton [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 15,555 tons, with a decrease of 5481 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 61,715 yuan/ton, and the profit is - 28 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is 66,522 yuan/ton, and the profit is - 6352 yuan/ton [3] Industry News - Zimbabwe will ban the export of lithium concentrate from 2027 to further promote local processing. As a top lithium - producing country in Africa, Zimbabwe has banned the export of lithium ore since 2022 to encourage miners to do more processing domestically [3]
碳酸锂数据日报-20250708
Guo Mao Qi Huo·2025-07-08 07:42