Report Information - Date: August 26, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] Industry Investment Rating - Not mentioned Core View - The short - term decline of lithium carbonate futures is expected to stop as downstream demand is gradually entering the peak season, consumption is supported, and the inflection point of social inventory of lithium carbonate is looming [9] Summary by Directory 1. Market Review and Operation Suggestions - Lithium carbonate fluctuated slightly downwards, with total positions and total trading volume both decreasing, and market trading sentiment declined. The spot price of electric carbon dropped by 1400 to 82500, and the spot continued to have a premium of nearly 3000 over the futures. Downstream procurement and price - fixing behavior became more stable compared to last week [9] - Due to the active market transactions last week, downstream inventory increased. Today's trading volume declined, and downstream procurement became more cautious, waiting for further price cuts [9] - Australian ore prices remained flat at 920, lithium mica prices dropped by 60 to 1995. The profit of salt plants using purchased lithium spodumene narrowed to 2516, and the loss of salt plants using purchased lithium mica widened to 5641. In the short term, ore prices were resistant to decline, compressing salt plant profits [9] - The prices of 5 - series power ternary materials dropped by 300, and lithium iron phosphate dropped by 340, with downstream prices following the decline [9] 2. Industry News - Group14 Technologies completed a $463 million Series D financing on August 20, led by SK Inc., with participation from existing investors. The funds will be used to expand the production capacity of its silicon anode material SCC55 in the US and South Korea to meet the surging global energy storage demand [12] - The National Energy Administration released the national power industry statistics for January - July. As of the end of July, the cumulative installed power generation capacity nationwide was 3.67 billion kilowatts, a year - on - year increase of 18.2%. Among them, the installed capacity of solar power was 1.11 billion kilowatts, a year - on - year increase of 50.8%; the installed capacity of wind power was 0.57 billion kilowatts, a year - on - year increase of 22.1%. From January to July, the average utilization hours of national power generation equipment were 1806 hours, 188 hours lower than the same period last year [12]
碳酸锂期货日报-20250826
Jian Xin Qi Huo·2025-08-26 03:06