Report Summary 1) Report Industry Investment Rating No information provided on the industry investment rating. 2) Core Viewpoints - The supply - demand of lithium carbonate remained stable during the holiday, and the range - bound oscillation continued [1] - The trend strength of lithium carbonate is 0, indicating a neutral outlook [3] 3) Summary by Related Catalogs Fundamental Tracking - Futures Contracts: For the 2511 contract, the closing price was 72,800 yuan, down 1,120 yuan compared to T - 1; the trading volume was 317,458 lots, down 148,133 lots; the open interest was 231,964 lots, down 19,785 lots. For the 2601 contract, the closing price was 72,860 yuan, down 1,040 yuan compared to T - 1; the trading volume was 80,759 lots, down 50,162 lots; the open interest was 175,678 lots, up 964 lots [1] - Warehouse Receipts: The warehouse receipt volume was 41,709 lots, up 590 lots compared to T - 1 [1] - Basis: The basis of spot - 2511 was 750 yuan, down 370 yuan compared to T - 1; the basis of spot - 2601 was 690 yuan, down 350 yuan compared to T - 1; the basis of 2511 - 2601 was - 60 yuan, up 20 yuan compared to T - 1 [1] - Raw Materials: The price of spodumene concentrate (6%, CIF China) was 858 US dollars, unchanged compared to T - 1; the price of lepidolite (2.0% - 2.5%) was 1,855 yuan, down 20 yuan compared to T - 1 [1] - Lithium Salts: The price of battery - grade lithium carbonate was 73,550 yuan, unchanged compared to T - 1; the price of industrial - grade lithium carbonate was 71,300 yuan, unchanged compared to T - 1 [1] - Downstream Products: The price of ternary material 523 (polycrystalline/consumer - type) was 118,825 yuan, up 800 yuan compared to T - 1; the price of hexafluorophosphate lithium was 63,250 yuan, up 3,000 yuan compared to T - 1 [1] Macro and Industry News - SMM's battery - grade lithium carbonate index price was 73,488 yuan/ton, up 32 yuan/ton compared to the previous working day; the average price of battery - grade lithium carbonate was 73,550 yuan/ton, unchanged; the average price of industrial - grade lithium carbonate was 71,300 yuan/ton, unchanged [2] - Hangzhou suspended the implementation of the automobile replacement subsidy policy from 0:00 on October 9, 2025, and optimized the implementation of the automobile scrapping and replacement subsidy policy [3] - On September 30, Guoxuan High - tech's mineral type change reserve verification report passed the approval of the Ministry of Natural Resources [3]
碳酸锂：假期供需持稳，区间震荡延续
Guo Tai Jun An Qi Huo·2025-10-09 01:37