碳酸锂：基差小幅修复，偏弱震荡延续

Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core View The report indicates that the basis of lithium carbonate has slightly recovered, and the weak and volatile trend continues. The trend strength of lithium carbonate is 0, suggesting a neutral outlook [1][3]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Futures Market Data: The closing price of the 2509 contract was 73,280 yuan, down 2,260 yuan; the trading volume was 880, a decrease of 1,546; and the open interest was 7,694, down 3,638. For the 2511 contract, the closing price was 72,620 yuan, down 2,940 yuan; the trading volume was 620,441, an increase of 80,146; and the open interest was 348,109, an increase of 8,976 [1]. - Warehouse Receipts: The warehouse receipt volume was 32,007 lots, an increase of 810 lots [1]. - Basis Data: The basis of spot - 2509 was 4,220 yuan, an increase of 1,410 yuan; the basis of spot - 2511 was 4,880 yuan, an increase of 2,090 yuan; the basis of 2509 - 2511 was 660 yuan, a decrease of 20 yuan; the difference between electric carbon and industrial carbon was 2,300 yuan, unchanged; and the difference between spot and CIF was 10,313 yuan, a decrease of 272 yuan [1]. - Raw Material Prices: The price of lithium spodumene concentrate (6%, CIF China) was 887 yuan, down 11 yuan; the price of lithium mica (2.0% - 2.5%) was 1,920 yuan, down 30 yuan [1]. - Lithium Salt and Related Product Prices: The price of battery - grade lithium carbonate was 77,500 yuan, down 850 yuan; the price of industrial - grade lithium carbonate was 75,200 yuan, down 850 yuan. Other related product prices also showed certain changes [1]. 3.2 Macro and Industry News - Lithium Carbonate Price: The SMM battery - grade lithium carbonate index price was 77,386 yuan/ton, down 870 yuan/ton compared to the previous working day. The average price of battery - grade lithium carbonate was 77,500 yuan/ton, down 850 yuan/ton, and the average price of industrial - grade lithium carbonate was 75,200 yuan/ton, down 850 yuan/ton [2]. - New Energy Vehicle Sales: In August, the estimated wholesale sales of new energy passenger vehicles by manufacturers nationwide were 1.3 million, a year - on - year increase of 24% and a month - on - month increase of 10%. From January to August this year, the cumulative wholesale sales were 8.93 million, a year - on - year increase of 34% [2][3].