现货成交好转，短期盘面波动仍较大

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - The short - term disk of lithium carbonate fluctuates greatly, but the spot transaction has improved. Supply has shrunk, consumption has increased month - on - month, and there is also uncertainty in other lithium ore supplies. The subsequent start - up situation of the ore end needs attention. The lithium ore approval issue remains uncertain, and the recent market may still fluctuate [1][3] Group 3: Summary According to Related Catalogs Market Analysis - On August 13, 2025, the lithium carbonate main contract 2511 opened at 83,000 yuan/ton and closed at 85,100 yuan/ton, with a - 0.61% change in the closing price compared to the previous settlement price. The trading volume was 1,245,424 lots, and the open interest was 392,675 lots. The previous day's open interest was 356,998 lots. The current basis was - 3,360 yuan/ton. The lithium carbonate warehouse receipts were 21,679 lots, an increase of 850 lots from the previous trading day [2] - According to SMM data, the price of battery - grade lithium carbonate was 79,000 - 83,000 yuan/ton, an increase of 3,000 yuan/ton from the previous trading day. The price of industrial - grade lithium carbonate was 78,100 - 79,500 yuan/ton, also an increase of 3,000 yuan/ton. The price of 6% lithium concentrate was 970 US dollars/ton, an increase of 30 US dollars/ton. Due to the rigid demand of some downstream enterprises and the reluctance of upstream and traders to sell, the transaction price of lithium carbonate spot has continued to rise significantly [2] Strategy - Supply has shrunk, consumption has increased month - on - month, and there is uncertainty in other lithium ore supplies. Attention should be paid to the subsequent start - up of the ore end. The lithium ore approval issue remains uncertain, and the recent market may fluctuate. Participants need to manage risks [3] Hedging Strategy - Unilateral: Buy on dips for hedging; No strategies for inter - period, cross - variety, spot - futures, and options [5]