碳酸锂：供需双增，区间震荡延续

Report Industry Investment Rating - No information provided about the report industry investment rating. 2. Core Viewpoints of the Report - The supply and demand of lithium carbonate are both increasing, and the range - bound volatility continues [1] - The trend strength of lithium carbonate is 0, indicating a neutral outlook [3] 3. Summary by Relevant Catalogs Fundamental Tracking - Futures Contracts Data: For the 2511 contract, the closing price was 73,420, down 540 compared to T - 1; the volume was 396,645, up 26,286; the open interest was 271,624, down 9,640. For the 2601 contract, the closing price was 73,480, down 560; the volume was 95,725, up 13,805; the open interest was 173,933, down 258 [1] - Warehouse Receipts and Basis: The warehouse receipt volume was 38,909, down 575. The basis of spot - 2511 was 430, up 890 compared to T - 1; spot - 2601 was 370, up 910 [1] - Raw Materials and Lithium Salts: Lithium spodumene concentrate (6%, CIF China) was priced at 860, up 1. Battery - grade lithium carbonate was 73,850, up 350. Industrial - grade lithium carbonate was 71,600, up 350 [1] - Industry Chain Related Data: The price of lithium iron phosphate (power type) was 33,710, up 80. The price of ternary material 523 (polycrystalline/consumer type) was 114,925, up 200 [1] Macro and Industry News - Price Changes: The SMM battery - grade lithium carbonate index price was 73,842 yuan/ton, up 308 yuan/ton compared to the previous working day. The average price of battery - grade lithium carbonate was 73,850 yuan/ton, up 350 yuan/ton; industrial - grade lithium carbonate was 71,600 yuan/ton, up 350 yuan/ton [2] - Import Data: In August, China's lithium spodumene imports were about 619,000 tons, a 17.5% month - on - month decrease, equivalent to 56,000 tons of LCE. China imported 22,000 tons of lithium carbonate, a 58% month - on - month increase and 25% year - on - year increase. From January to August, China's cumulative lithium carbonate imports were 153,000 tons, a 3.5% cumulative year - on - year increase [2][3]