碳酸锂：绝对价格上行后，关注Q1淡季及锂矿复工预期切换

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints The report presents the latest data on the lithium carbonate market, including prices, trading volumes, and inventory levels, as well as industry news and a trend strength indicator [1][2][3]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Futures Data: The 2511 contract had a closing price of 81,840 yuan, a trading volume of 31,283 lots, and an open interest of 18,705 lots. The 2601 contract had a closing price of 83,400 yuan, a trading volume of 829,117 lots, and an open interest of 532,871 lots [1]. - Spot and Basis Data: The spot price of battery - grade lithium carbonate was 80,000 yuan/ton, with a basis of - 1,840 yuan against the 2511 contract and - 3,400 yuan against the 2601 contract. The basis between the 2511 and 2601 contracts was - 1,560 yuan [1]. - Raw Material Data: The price of lithium spodumene concentrate (6%, CIF China) was 944 yuan, and the price of lithium mica (2.0% - 2.5%) was 2,180 yuan [1]. 3.2 Macro and Industry News - Price Changes: The SMM battery - grade lithium carbonate index price was 79,881 yuan/ton, up 674 yuan/ton from the previous trading day. The average price of battery - grade lithium carbonate was 80,000 yuan/ton, up 850 yuan/ton, and the average price of industrial - grade lithium carbonate was 77,800 yuan/ton, up 850 yuan/ton [2]. - Production and Inventory: This week's lithium carbonate production was 21,080 tons, a decrease of 228 tons from last week, and the industry inventory was 127,358 tons, a decrease of 3,008 tons from last week [3]. - Auction News: On the afternoon of October 30, the auction of Albemarle's lithium spodumene concentrate ended. The auctioned 16,400 dry tons of 5.21% lithium spodumene concentrate was sold at a tax - included price of 7,058 yuan/ton, to be picked up at Zhenjiang Port [3]. - International News: According to Bloomberg on October 30, the G7 plans to establish a critical minerals production alliance to reduce dependence on China in key minerals such as lithium, cobalt, nickel, and rare earths [3]. 3.3 Trend Strength The trend strength of lithium carbonate is 0, indicating a neutral outlook [3].