Report Industry Investment Rating - No information provided Core View of the Report - The price of lithium carbonate is mainly supported by downstream purchases. However, the production increase of cathode and battery factories in July is small, and the purchasing power mainly comes from traders with limited space. Additionally, due to the price rebound, the supply increase in July is relatively large, deepening the oversupply situation and dragging down the price increase. There are no signs of production cuts in the ore segment. It is expected that as the purchasing pace slows down, the downward pressure on lithium carbonate futures prices will intensify [3] Summary by Related Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 62,900 yuan/ton, with a daily increase of 350 yuan/ton; the average price of SMM industrial - grade lithium carbonate is 61,300 yuan/ton, with a daily increase of 350 yuan/ton [1] Lithium Ore - The price of lithium spodumene concentrate (CIF China) (Li₂O: 5.5% - 6%) is 658 dollars, with a daily increase of 4 dollars; the price of lithium mica (Li₂O: 1.5% - 2.0%) is 800 dollars, with a daily increase of 25 dollars; the price of lithium mica (Li₂O: 2.0% - 2.5%) is 1,355 dollars, with a daily increase of 27.5 dollars; the price of phospho - lithium - aluminum stone (Li₂O: 6% - 7%) is 4,425 dollars, with a daily increase of 50 dollars; the price of phospho - lithium - aluminum stone (Li₂O: 7% - 8%) is 5,260 dollars, with a daily increase of 60 dollars [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 30,850 yuan/ton, with a daily increase of 80 yuan/ton; the average price of ternary material 523 (single - crystal/power type) is 114,905 yuan/ton, with a daily increase of 100 yuan/ton [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 1,600 yuan/ton, with no change; the price spread between battery - grade lithium carbonate and the main contract is - 980 yuan/ton, with an increase of 130 yuan/ton; the price spread between the near - month and the first - continuous contract is 360 yuan/ton, with an increase of 100 yuan/ton; the price spread between the near - month and the second - continuous contract is 500 yuan/ton, with an increase of 100 yuan/ton [2] Inventory - The total inventory (weekly, tons) is 138,347 tons, with an increase of 1,510 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 1,790 tons; the registered warehouse receipts (daily, tons) is 12,655 tons, with a decrease of 2,900 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 61,988 yuan/ton, and the profit is 46 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is 67,099 yuan/ton, and the profit is - 6,586 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 banned the export of lithium ore in 2022 to encourage miners to do more processing domestically [3]
碳酸锂数据日报-20250709
Guo Mao Qi Huo·2025-07-09 03:50