新能源及有色金属日报：短期消费支撑，碳酸锂盘面高开低走-20250917

Report Industry Investment Rating No relevant content provided. Core View of the Report The short - term supply - demand pattern is good with consumption support during the peak season and continuous inventory reduction, so the short - term futures market is expected to fluctuate. After the resumption of production at the mine end and the weakening of consumption, the market may decline [2]. Summary by Related Catalogs Market Analysis - On September 16, 2025, the lithium carbonate main contract 2511 opened at 73,900 yuan/ton and closed at 73,180 yuan/ton, with a 1.30% change from the previous day's settlement price. The trading volume was 500,267 lots, and the open interest was 300,437 lots (309,446 lots the previous day). The current basis was - 610 yuan/ton, and the lithium carbonate warehouse receipts were 38,824 lots, a change of - 139 lots from the previous day [1]. - According to SMM data, battery - grade lithium carbonate was priced at 71,900 - 73,800 yuan/ton, and industrial - grade lithium carbonate was priced at 70,000 - 71,200 yuan/ton, both with a 400 - yuan/ton change from the previous day. The 6% lithium concentrate price was 820 US dollars/ton, a 10 - dollar/ton change from the previous day [1]. - Downstream material enterprises are still cautious and have weak purchasing willingness, with low market trading activity. However, due to the peak demand season and pre - National Day inventory needs, they have stronger purchasing willingness at relatively low prices [1]. - Lithium carbonate produced from spodumene accounts for over 60% of the market supply, while that from lithium mica has dropped to 15%. In September, the market shows synchronous growth in supply and demand, with a slightly tight overall supply - demand situation and a small inventory reduction [1]. Strategy - Unilateral: Short - term range operation, sell - hedging on rallies [2]. - Cross - period: None [2]. - Cross - variety: None [2]. - Spot - futures: None [2]. - Options: None [2].