碳酸锂数据日报-20251013

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Report's Core View - In the short - term, there may be a supply - demand mismatch that could push up prices, but in the long - term, the pattern of supply surplus remains unchanged. The increase in overall supply is the main factor suppressing futures prices. The fourth quarter is the traditional peak season for new energy vehicles, and the independent energy storage economy is emerging due to the increase in capacity electricity prices and the expansion of spot price differences, with strong installation demand indicated by increased tender volumes [3]. 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 73,550 yuan/ton with no change, and SMM industrial - grade lithium carbonate has an average price of 71,300 yuan/ton with no change. The price difference between battery - grade and industrial - grade lithium carbonate is 2,250 yuan/ton [1][2]. - Futures prices of various lithium carbonate contracts are as follows: Li2510 closed at 72,700 yuan/ton with a - 0.47% change; Li2511 at 72,740 yuan/ton with a - 1.3% change; Li2512 at 72,960 yuan/ton with a - 1.11% change; Li2601 at 72,900 yuan/ton with a - 1% change; Li2602 at 72,900 yuan/ton with a - 0.57% change [1]. Lithium Ore - Lithium spodumene concentrate (CIF China) is priced at 839 yuan/ton, down 4 yuan/ton. Lithium mica (Li2O:1.5% - 2.0%) is 1,090 yuan/ton, down 20 yuan/ton; (Li2O:2.0% - 2.5%) is 1,810 yuan/ton, down 25 yuan/ton. Phosphorus - lithium - aluminum stone (Li2O:6% - 7%) is 6,050 yuan/ton, and (Li2O:7% - 8%) is 7,150 yuan/ton, down 40 yuan/ton [1][2]. Cathode Materials - The average price of lithium iron phosphate (power type) is 33,640 yuan/ton. The average price of ternary material 811 (polycrystalline/power type) is 153,100 yuan/ton, up 750 yuan/ton; ternary material 523 (single - crystal/power type) is 124,400 yuan/ton, up 550 yuan/ton; ternary material 613 (single - crystal/power type) is 130,450 yuan/ton, up 600 yuan/ton [2]. Price Spreads - The price difference between battery - grade and industrial - grade lithium carbonate is 2,250 yuan/ton. The difference between battery - grade lithium carbonate and the main contract product is 810 yuan/ton, up 600 yuan/ton. The difference between the near - month and the first - continuous contract is - 220 yuan/ton, down 60 yuan/ton; between the near - month and the second - continuous contract is - 160 yuan/ton, down 60 yuan/ton [2]. Inventory - The total inventory (weekly, tons) is 134,801 tons, a decrease of 2,024 tons. Smelter inventory (weekly, tons) data is not provided. Downstream inventory (weekly, tons) is 59,765 tons, down 1,128 tons. Other inventory (weekly, tons) is 40,290 tons, down 2,150 tons. Registered warehouse receipts (daily, tons) are 42,669 tons, up 290 tons [2]. Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 74,071 yuan/ton, with a profit of - 1,590 yuan/ton. The cash cost of purchasing lithium mica concentrate is 77,139 yuan/ton, with a profit of - 6,648 yuan/ton [3]. Industry News - Chinese researchers have solved the interface contact problem of all - solid - state metal lithium batteries. A research team has developed an anion regulation technology, and the relevant research results were published in the international academic journal "Nature - Sustainable Development" on the 7th [3]