碳酸锂数据日报-20250828

Report Industry Investment Rating - No information provided Core View of the Report - The fundamentals have weak support for the futures price, and it is expected to be mainly volatile and weak [3] Summary by Relevant Catalogs Lithium Compound Prices - SMM battery - grade lithium carbonate average price is 81,600 yuan/ton, down 100 yuan/ton; SMM industrial - grade lithium carbonate average price is 79,300 yuan/ton, down 100 yuan/ton [1] Lithium Futures Contracts - Lithium carbonate 2509 closed at 79,040 yuan/ton, down 0.05%; lithium carbonate 2510 closed at 79,100 yuan/ton, down 0.13%; lithium carbonate 2511 closed at 78,860 yuan/ton, down 0.23%; lithium carbonate 2512 closed at 78,460 yuan/ton, down 0.36%; lithium carbonate 2601 closed at 78,320 yuan/ton, down 0.25% [1] Lithium Ore Prices - Lithium spodumene concentrate (CIF China) is 920 yuan/ton, unchanged; lithium mica (Li20: 1.5% - 2.0%) is 1,245 yuan/ton; lithium mica (Li20: 2.0% - 2.5%) is 1,970 yuan/ton; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 6,710 yuan/ton, up 25 yuan/ton; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 7,775 yuan/ton, up 40 yuan/ton [1][2] Cathode Material Prices - The average price of lithium iron phosphate (power type) is 35,590 yuan/ton, down 30 yuan/ton; the average price of ternary material 811 (polycrystalline/power type) is 145,900 yuan/ton; the average price of ternary material 523 (single - crystal/power type) is 119,400 yuan/ton; the average price of ternary material 613 (single - crystal/power type) is 123,975 yuan/ton [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 2,300 yuan/ton; the price spread between battery - grade lithium carbonate and the main contract is 2,740 yuan/ton, up 60 yuan/ton; the price spread between the near - month and the first - continuous contract is - 60 yuan/ton, down 180 yuan/ton; the price spread between the near - month and the second - continuous contract is 180 yuan/ton, up 60 yuan/ton [2] Inventory - The total inventory (weekly, tons) is 141,543 tons, down 713 tons; the inventory of smelters (weekly, tons) is 46,846 tons, down 2,847 tons; the inventory of downstream (weekly, tons) is 51,507 tons, up 3,224 tons; the inventory of others (weekly, tons) is 43,190 tons, down 1,090 tons; the registered warehouse receipts (daily, tons) is 27,477 tons, up 787 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 78,454 yuan/ton, and the profit is 1,988 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is 81,292 yuan/ton, and the profit is - 2,946 yuan/ton [3] Industry Event - On August 22, a meeting of the lithium iron phosphate material branch council was held to discuss solutions to industry over - capacity and the low - carbon transformation path of the entire industry chain, with 13 participants including 5 listed companies or their subsidiaries [3] Supply and Demand Situation - Although there is a production cut at the Jiangxi mica end, overseas mines, overseas salt lakes, and domestic compliant mines have formed a supplement, showing a structural adjustment on the supply side. On the demand side, weekly production is basically stable, with products moving from upstream to downstream but limited actual consumption [3]