Group 1: Investment Rating - The report does not provide an industry investment rating Group 2: Core View - The "trade - in" part of lithium carbonate has been suspended, and the weak oscillation continues. The trend strength of lithium carbonate is -1, indicating a weak bearish outlook [1][3] Group 3: Summary by Directory 1. Fundamental Tracking - 2509 Contract: The closing price was 75,540 yuan, down 1,460 yuan from T - 1; the trading volume was 2,426 lots, down 8,111 lots from T - 1; the open interest was 11,332 lots, down 5,803 lots from T - 1 [1] - 2511 Contract: The closing price was 75,560 yuan, down 1,620 yuan from T - 1; the trading volume was 540,295 lots, up 50,237 lots from T - 1; the open interest was 339,133 lots, down 7,472 lots from T - 1 [1] - Warehouse Receipts: The number of warehouse receipts was 31,197 lots, up 1,310 lots from T - 1 [1] - Basis: The basis of spot - 2509 was 2,810 yuan, up 160 yuan from T - 1; the basis of spot - 2511 was 2,790 yuan, up 320 yuan from T - 1; the basis of 2509 - 2511 was - 20 yuan, up 160 yuan from T - 1 [1] - Raw Materials: The price of spodumene concentrate (6%, CIF China) was 898 US dollars, up 4 US dollars from T - 1; the price of lepidolite (2.0% - 2.5%) was 1,950 yuan, down 25 yuan from T - 1 [1] - Lithium Salts: The price of battery - grade lithium carbonate was 78,350 yuan, down 1,300 yuan from T - 1; the price of industrial - grade lithium carbonate was 76,050 yuan, down 1,300 yuan from T - 1 [1] - Consumer Products: The price of ternary material 523 (polycrystalline/consumer - type) was 113,900 yuan, down 200 yuan from T - 1; the price of ternary material 622 (polycrystalline/consumer - type) was 117,950 yuan, unchanged from T - 1 [1] 2. Macro and Industry News - SMM's battery - grade lithium carbonate index price was 78,256 yuan/ton, down 1,372 yuan/ton from the previous working day; the average price of battery - grade lithium carbonate was 78,350 yuan/ton, down 1,300 yuan/ton from the previous working day; the average price of industrial - grade lithium carbonate was 76,050 yuan/ton, down 1,300 yuan/ton from the previous working day [2] - The automobile "trade - in" subsidy policy in Guangzhou has been suspended since August 30, 2025. Consumers who obtained the new car's "Motor Vehicle Sales Unified Invoice" and the used car's "Second - hand Car Sales Unified Invoice" before August 29, 2025 (inclusive) can submit subsidy applications after the system upgrade of the "Sui Che Gou" WeChat mini - program [3]
碳酸锂：以旧换新部分暂停，偏弱震荡延续
Guo Tai Jun An Qi Huo·2025-09-02 04:33