碳酸锂日报：碳酸锂震荡企稳-20251112

Report Summary 1. Industry Investment Rating - Not provided in the report 2. Core View - The lithium carbonate market is oscillating and stabilizing. The high production meets even higher demand, resulting in a phase - shortage pattern. The futures and spot prices of lithium carbonate have shown an upward trend in the past 10 trading days [4]. 3. Summary by Directory 3.1 Industry Dynamics - Futures Market: The closing price of the main contract LC2601.GFE was 86,580 yuan/ton, up 40 yuan/ton (+0.05%) from the previous day. The settlement price was 86,640 yuan/ton, down 120 yuan/ton. Compared with 5 trading days ago, the closing price increased by 7,440 yuan/ton, and the settlement price increased by 7,680 yuan/ton [4][6]. - Lithium Ore Prices: The prices of Australian, Brazilian, Zimbabwean, and other lithium - bearing ores remained stable compared to the previous day, with some showing increases compared to 5 trading days ago. For example, the price of Australian CIF6 China lithium spodumene concentrate was in the range of 980 - 1030 US dollars/ton, with an increase of 80 - 80 US dollars/ton compared to 5 trading days ago [6]. - Lithium Mica Prices: The prices of various grades of lithium mica in the Chinese market remained unchanged compared to the previous day and 5 trading days ago [6]. - Lithium Salt Prices: The price of domestic 99.5% electric - grade lithium carbonate was 83,320 yuan/ton, up 960 yuan/ton from the previous day and 2,880 yuan/ton from 5 trading days ago. The price of domestic 56.5% lithium hydroxide also showed some increases [6]. - Downstream Product Prices: The prices of most downstream products such as ternary precursors, ternary materials, and electrolytes remained stable, while the price of hexafluorophosphate increased by 21,500 yuan/ton from the previous day and 33,500 yuan/ton from 5 trading days ago [6]. - Related Stock Closing Prices: The closing prices of related stocks such as Ganfeng Lithium, Tianqi Lithium, BYD, and Tesla showed different changes. For example, Ganfeng Lithium closed at 67.88 yuan/share, up 0.14 yuan/share from the previous day [6]. 3.2 Related Charts - Ore and Lithium Prices: There are charts showing the price changes of lithium mica, lithium carbonate futures, lithium carbonate spot, lithium hydroxide, lithium carbonate basis, and the price difference between lithium hydroxide and lithium carbonate [8]. - Cathode & Ternary Materials: There are charts showing the prices of manganese - based lithium, iron - phosphate lithium, cobalt - based lithium, ternary precursors, and ternary materials [11]. - Other Related Data of Lithium Carbonate Futures: There are charts showing the changes in the trading volume, open interest, and registered warehouse receipts of lithium carbonate futures [15].