Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - The approaching traditional peak season for new energy vehicles and strong energy storage demand, along with continuous destocking of lithium carbonate social inventory, support the futures price. However, the overall increase in production is the main factor suppressing the futures price. Also, there is a need to watch out for potential supply - side speculation in the market due to demand improvement and the reported environmental issues in Qinghai salt lakes [3]. 3. Summary by Category Lithium Compounds - SMM battery - grade lithium carbonate average price is 73,500 yuan/ton, up 50 yuan; SMM industrial - grade lithium carbonate average price is 71,250 yuan/ton, up 50 yuan. The price difference between battery - grade and industrial - grade lithium carbonate is 2,250 yuan/ton [1][2]. Lithium Ore - Lithium spodumene concentrate (CIF China) price is 859 yuan, up 44 yuan; lithium mica (Li20: 1.5% - 2.0%) price is 1,150 yuan, up 45 yuan; lithium mica (Li20: 2.0% - 2.5%) price is 1,880 yuan, up 65 yuan; phospho - lithium - aluminum stone (Li20: 6% - 7%) price is 6,090 yuan; phospho - lithium - aluminum stone (Li20: 7% - 8%) price is 7,215 yuan, up 90 yuan [1][2]. Lithium Carbonate Futures - Futures contracts such as lithium carbonate 2510, 2511, 2512, 2601, 2602 all showed price increases, with涨幅 ranging from 1.57% to 1.79% [1]. Positive Electrode Materials - The average price of lithium iron phosphate (power type) is 33,630 yuan, up 10 yuan; the average price of ternary material 811 (polycrystalline/power type) is 147,050 yuan, up 200 yuan; the average price of ternary material 523 (single - crystal/power type) is 120,000 yuan, up 150 yuan; the average price of ternary material 613 (single - crystal/power type) is 124,650 yuan, up 200 yuan [2]. Inventory - The total inventory (weekly, tons) is 137,531 tons, a decrease of 981 tons; the inventory of smelters (weekly, tons) is 34,456 tons; the inventory of downstream (weekly, tons) is 59,495 tons, an increase of 1,216 tons; the inventory of others (weekly, tons) is 43,580 tons, a decrease of 440 tons; the registered warehouse receipts (daily, tons) is 39,484 tons, an increase of 130 tons [2]. Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 75,527 yuan, with a profit of - 3,096 yuan; the cash cost of purchasing lithium mica concentrate externally is 78,845 yuan, with a profit of - 8,402 yuan [3]. Environmental Issue - Qinghai Chaidamu Xinghua Lithium Salt Co., Ltd. was reported for illegally burying a large amount of industrial hazardous waste, and the national special rectification action for illegal dumping and disposal of solid waste has been launched [3].
碳酸锂数据日报-20250922
Guo Mao Qi Huo·2025-09-22 05:13