碳酸锂：行业库存小幅去化，震荡运行

Report Summary 1. Report Industry Investment Rating - The report does not provide an industry investment rating [1][2][3] 2. Core View - The lithium carbonate industry is experiencing a slight reduction in inventory and is in a state of volatile operation [1][2] 3. Summary by Relevant Catalog 3.1 Fundamental Tracking - Futures Market Data: For the 2509 contract, the closing price was 85,140 yuan, the trading volume was 62,069 lots, and the open interest was 98,063 lots. For the 2511 contract, the closing price was 85,300 yuan, the trading volume was 1,060,127 lots, and the open interest was 389,177 lots [1] - Spot - Futures Basis: The basis of spot - 2509 was - 3,140 yuan, and the basis of spot - 2511 was - 3,300 yuan [1] - Raw Material Prices: The price of lithium spodumene concentrate (6%, CIF China) was 937 US dollars, and the price of lithium mica (2.0% - 2.5%) was 2,075 yuan [1] - Lithium Salt Product Prices: The price of battery - grade lithium carbonate was 82,000 yuan, and the price of industrial - grade lithium carbonate was 79,750 yuan [1] - Downstream Product Prices: The price of lithium iron phosphate (power type) was 35,390 yuan, and the price of ternary material 523 (polycrystalline/consumer type) was 113,530 yuan [1] 3.2 Macro and Industry News - Price Information: The SMM battery - grade lithium carbonate index price was 82,047 yuan/ton, with an increase of 1,101 yuan/ton compared to the previous trading day. The average price of battery - grade lithium carbonate was 82,000 yuan/ton, up 1,000 yuan/ton, and the average price of industrial - grade lithium carbonate was 79,750 yuan/ton, up 950 yuan/ton [2] - Production and Inventory: The weekly production of lithium carbonate was 19,980 tons, an increase of 424 tons compared to the previous week, and the weekly inventory was 142,256 tons, a decrease of 162 tons [2] 3.3 Trend Intensity - The trend intensity of lithium carbonate was 0, indicating a neutral view [3]