碳酸锂：区间震荡

Report Industry Investment Rating - The investment rating for the lithium carbonate industry is "Range-bound" [1] Core Viewpoints - The trend intensity of lithium carbonate is 0, indicating a neutral outlook [4] Summary by Relevant Catalogs Fundamental Tracking - 2509 Contract: The closing price was 82,560, with a volume of 162,667 and an open interest of 117,650. Compared to previous periods, there were significant changes in volume and open interest [2] - 2511 Contract: The closing price was 82,520, with a large volume of 1,417,704 and an open interest of 356,998. Volume and open interest also showed notable fluctuations [2] - Warehouse Receipts: The warehouse receipt volume was 20,829 hands, with changes compared to previous periods [2] - Basis: The basis between different contracts and product grades showed various changes [2] - Raw Materials: Lithium concentrate prices and other raw material prices changed compared to previous periods [2] - Lithium Salts: Prices of battery - grade lithium carbonate, industrial - grade lithium carbonate, and other lithium salts increased compared to the previous day [2][3] - Downstream Products: Prices of products such as lithium iron phosphate and ternary materials also had different degrees of change [2] Macro and Industry News - SMM's battery - grade lithium carbonate index price was 78,124 yuan/ton, up 3,557 yuan/ton from the previous day. The average price of battery - grade lithium carbonate was 78,000 yuan/ton, and that of industrial - grade lithium carbonate was 75,800 yuan/ton, both up 3,500 yuan/ton [3] - The Lithium Industry Branch of the China Nonferrous Metals Industry Association issued an initiative to relevant enterprises in the lithium industry chain to strengthen upstream - downstream collaboration, maintain industrial safety, and resist "involution - style" vicious competition [4]