GANFENG LITHIUM(SZ:002460) Guo Tai Jun An Qi Huo·2025-08-26 01:44Group 1: Report Title and Core View - The report is titled "Carbonate Lithium: Limited Drivers, Range-bound Fluctuations Likely to Continue" with a core view that the driving forces for carbonate lithium are limited and range-bound fluctuations may continue [1] Group 2: Fundamental Data Futures Contracts - For the 2509 contract, the closing price was 79,580, the trading volume was 15,885, and the open interest was 44,710. Compared to T - 1, the closing price increased by 400, the trading volume decreased by 7,290, and the open interest decreased by 6,374 [2] - For the 2511 contract, the closing price was 79,380, the trading volume was 626,916, and the open interest was 368,667. Compared to T - 1, the closing price increased by 420, the trading volume decreased by 305,759, and the open interest increased by 6,413 [2] Other Data - The warehouse receipt volume was 25,630, up 640 from T - 1 [2] - The spot - 2509 spread was 2,920, down 1,800 from T - 1; the spot - 2511 spread was 3,120, down 1,820 from T - 1 [2] - The 2509 - 2511 basis was 200, down 20 from T - 1; the electric carbon - industrial carbon spread was 2,300, unchanged from T - 1 [2] - The spot - CIF spread was 13,486, down 1,122 from T - 1 [2] Raw Materials and Lithium Salts - Lithium spodumene concentrate (6%, CIF China) was priced at 925, down 9 from T - 1 [2] - Lithium mica (2.0% - 2.5%) was priced at 1,995, down 60 from T - 1 [2] - Battery - grade carbonate lithium was priced at 82,500, down 1,400 from T - 1; industrial - grade carbonate lithium was priced at 80,200, down 1,400 from T - 1 [2] Industry Chain - Related Products - Prices of various products such as battery - grade lithium hydroxide, lithium iron phosphate, ternary materials, lithium hexafluorophosphate, and electrolytes also showed different changes compared to T - 1 [2] Group 3: Macro and Industry News - SMM's battery - grade carbonate lithium index price was 82,519 yuan/ton, down 1,406 yuan/ton from the previous working day. The average price of battery - grade carbonate lithium was 82,500 yuan/ton, down 1,400 yuan/ton; the average price of industrial - grade carbonate lithium was 80,200 yuan/ton, down 1,400 yuan/ton [3] - Ganfeng Lithium (002460.SZ) reported that its first - half revenue was 8.376 billion yuan, a year - on - year decrease of 12.65%. The net profit attributable to shareholders was - 531 million yuan, compared with a loss of 760 million yuan in the same period last year. The company completed the development of a 304Ah square energy - storage solid - state battery and plans to launch 314Ah and 392Ah solid - state batteries by the end of this year [3][4] Group 4: Trend Intensity - The trend intensity of carbonate lithium is 0, indicating a neutral view, with the value range being integers in the [-2, 2] interval [4]