碳酸锂期货日报-20250717

Group 1: Report Overview - Report date: July 17, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] - Report name: Carbonate Lithium Futures Daily Report [1] Group 2: Investment Rating - Not provided Group 3: Core View - The futures market of carbonate lithium shows irrational fluctuations, and the spot market continues to rise but the upward trend slows down. The downstream procurement demand is weak, and the current high - supply and high - inventory fundamentals are unfavorable for the long side, but the capital and anti - involution policies are favorable for the long side. Short - term observation is recommended [12] Group 4: Market Review and Operation Suggestions - Carbonate lithium futures opened high and closed low, with a slight decline in total positions. The upward trend of related anti - involution varieties also slowed down. The spot market continued to rise but the increase was significantly slower, with electric carbon rising by 50 to 64,950. The irrational fluctuations in the futures market continued. The downstream procurement demand was weak due to factors such as long - term contract coverage and high customer - supplied ratios. The price of Australian ore rose by 5 to 695 US dollars per ton. The profitability of salt plants using purchased lithium spodumene decreased to 347, and the losses of salt plants using purchased mica decreased to 6,769. The futures market provided hedging profits, and salt plants had high production enthusiasm. Short - term observation was recommended [12] Group 5: Industry News - A fire broke out at an energy company in Xiaogang District, Kaohsiung, Taiwan, China on the 14th, causing injuries to 12 employees and 3 firefighters. The battery factory has an annual production capacity of 1.8GW [13] - Geely Holding Group announced that Geely Auto will acquire all the remaining shares of ZEEKR. ZEEKR shareholders can choose cash or Geely Auto shares as consideration [13] - SK on's North American factory fully resumed operation after three years. Its 12 battery production lines in the US factory are operating at full capacity, and the daily battery output is expected to be more than three times that of last year [13]