Report Industry Investment Rating - No relevant information provided Core View of the Report - Terminal demand is strong, social inventory is continuously decreasing, and short - term supply - demand mismatch drives up prices. In the short term, prices are likely to move upwards due to supply - demand mismatch, but attention should be paid to hedging pressure. In the long - term, the report does not provide clear guidance [3] Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 79,150 yuan with a rise of 650 yuan; SMM industrial - grade lithium carbonate has an average price of 76,950 yuan with a rise of 650 yuan [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has an average price of 928 yuan with a rise of 3 yuan; lithium mica (Li20:1.5% - 2.0%) has an average price of 1330 yuan with a rise of 65 yuan; lithium mica (Li20:2.0% - 2.5%) has an average price of 2130 yuan with a rise of 65 yuan; phospho - lithium - aluminum stone (Li20:6% - 7%) has an average price of 7415 yuan; phospho - lithium - aluminum stone (Li20:7% - 8%) has an average price of 8825 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 35,595 yuan with a rise of 155 yuan; the average price of ternary material 811 (polycrystalline/power type) is 157,650 yuan with a rise of 150 yuan; the average price of ternary material 523 (single - crystal/power type) is 138,700 yuan with a rise of 500 yuan; the average price of ternary material 613 (single - crystal/power type) is 137,550 yuan with a rise of 200 yuan [2] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2200 yuan; the difference between battery - grade lithium carbonate and the main contract is - 3750 yuan with a change of - 610 yuan; the difference between the near - month and the first - continuous contract is - 1000 yuan with a change of - 320 yuan; the difference between the near - month and the second - continuous contract is - 1160 yuan with a change of - 320 yuan [2] Inventory - The total inventory (weekly, tons) is 130,366 tons with a decrease of 2292 tons; the inventory of smelters (weekly, tons) is 33,681 tons; the inventory of downstream (weekly, tons) is 55,275 tons with a decrease of 2460 tons; the inventory of others (weekly, tons) is 41,410 tons with an increase of 770 tons; the registered warehouse receipts (daily, tons) is 27,525 tons with an increase of 190 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 79,574 yuan, and the profit is - 1542 yuan; the cash cost of purchasing lithium mica concentrate externally is 84,524 yuan, and the profit is - 8509 yuan [3]
碳酸锂数据日报-20251030
Guo Mao Qi Huo·2025-10-30 11:55