碳酸锂：偏弱震荡，关注复产实际进展

Report Industry Investment Rating - No specific investment rating is provided in the report. Core Viewpoint - The report indicates that the trend intensity of lithium carbonate is -1, suggesting a weak - downward trend, and advises to pay attention to the actual progress of production resumption [3]. Summary by Related Content Fundamental Tracking - Futures Market: For the 2511 contract, the closing price was 70,720 yuan, down 2,180 yuan from T - 1; the trading volume was 751,480 lots, up 159,805 lots from T - 1; the open interest was 340,814 lots, down 10,526 lots from T - 1. For the 2601 contract, the closing price was 70,800 yuan, down 2,100 yuan from T - 1; the trading volume was 168,470 lots, up 53,958 lots from T - 1; the open interest was 174,101 lots, down 4,445 lots from T - 1. The warehouse receipt volume was 38,101 lots, unchanged from T - 1 [1]. - Base - related Data: The basis of spot - 2511 was 2,730 yuan, up 1,030 yuan from T - 1; the basis of spot - 2601 was 2,650 yuan, up 950 yuan from T - 1; the basis of 2511 - 2601 was - 80 yuan, unchanged from T - 1; the difference between electric carbon and industrial carbon was 2,250 yuan, unchanged from T - 1; the difference between spot and CIF was 6,502 yuan, down 768 yuan from T - 1 [1]. - Raw Materials and Lithium Salts: The price of spodumene concentrate (6%, CIF China) was 849 yuan, down 30 yuan from T - 1; the price of lithium mica (2.0% - 2.5%) was 1,815 yuan, down 50 yuan from T - 1. The price of battery - grade lithium carbonate was 73,450 yuan, down 1,150 yuan from T - 1; the price of industrial - grade lithium carbonate was 71,200 yuan, down 1,150 yuan from T - 1 [1]. - Industry Chain - related Data: The price of lithium iron phosphate (power type) was 33,620 yuan, down 275 yuan from T - 1; the price of lithium iron phosphate (mid - high - end energy storage type) was 32,225 yuan, down 275 yuan from T - 1; the price of lithium iron phosphate (low - end energy storage type) was 29,430 yuan, down 270 yuan from T - 1 [1]. Macro and Industry News - SMM's battery - grade lithium carbonate index price was 73,414 yuan/ton, down 1,175 yuan/ton from the previous working day. The average price of battery - grade lithium carbonate was 73,450 yuan/ton, down 1,150 yuan/ton from the previous working day; the average price of industrial - grade lithium carbonate was 71,200 yuan/ton, down 1,150 yuan/ton from the previous working day [2]. - Codelco and SQM are about to finalize a landmark cooperation agreement to jointly mine lithium in the Atacama Salt Flat. Supporters believe this will diversify Codelco's revenue sources as it faces financial pressure due to falling copper production and debt surges from over - budget expansion projects [3].