碳酸锂：高位震荡，上方或有压力

Report Summary 1. Report Industry Investment Rating The provided content does not mention the report industry investment rating. 2. Core View of the Report The report indicates that the price of lithium carbonate is in a high - level oscillation with potential upward pressure [1]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Futures Contracts: For the 2511 contract, the closing price was 86,400 yuan, with a change of 1,480 yuan compared to T - 1. The trading volume was 360, down 189 from T - 1, and the open interest was 411, down 173 from T - 1. For the 2601 contract, the closing price was 87,840 yuan, up 1,260 yuan from T - 1. The trading volume was 1,106,011, down 39,318 from T - 1, and the open interest was 536,514, up 7,548 from T - 1 [1]. - Warehouse Receipts: The warehouse receipt volume was 27,508 hands, down 779 from T - 1 [1]. - Basis: The basis of spot - 2511 was - 2,050 yuan, down 430 yuan from T - 1; spot - 2601 was - 3,490 yuan, down 210 yuan from T - 1; 2511 - 2601 was - 1,440 yuan, up 220 yuan from T - 1 [1]. - Raw Materials: The price of spodumene concentrate (6%, CIF China) was 1,001 yuan, up 17 yuan from T - 1; lithium mica (2.0% - 2.5%) was 2,280 yuan, up 35 yuan from T - 1 [1]. - Lithium Salts: The price of battery - grade lithium carbonate was 84,350 yuan, up 1,050 yuan from T - 1; industrial - grade lithium carbonate was 82,000 yuan, up 900 yuan from T - 1 [1]. - Related Products in the Industrial Chain: The price of lithium iron phosphate (power - type) was 36,960 yuan, up 355 yuan from T - 1; ternary material 523 (polycrystalline/consumer - type) was 154,325 yuan, up 1,000 yuan from T - 1 [1]. 3.2 Macro and Industry News - Price Information: The SMM battery - grade lithium carbonate index price was 84,472 yuan/ton, up 1,244 yuan/ton from the previous working day. The average price of battery - grade lithium carbonate was 84,350 yuan/ton, up 1,050 yuan/ton from the previous working day; industrial - grade lithium carbonate was 82,000 yuan/ton, up 900 yuan/ton from the previous working day [2]. - Production and Inventory: This week, the lithium carbonate output was 21,545 tons, an increase of 11 tons from last week. The industry inventory was 120,472 tons, a reduction of 3,481 tons from last week [2]. - Power Battery Loading: In October, the domestic power battery loading volume was 84.1 GWh, a month - on - month increase of 10.7% and a year - on - year increase of 42.1%. Among them, the loading volume of ternary batteries was 16.5 GWh, accounting for 19.7% of the total loading volume, with a month - on - month increase of 19.8% and a year - on - year increase of 35.8%; the loading volume of lithium iron phosphate batteries was 67.5 GWh, accounting for 80.3% of the total loading volume, with a month - on - month increase of 8.6% and a year - on - year increase of 43.7% [3]. 3.3 Trend Intensity The trend intensity of lithium carbonate is 0, indicating a neutral trend, with the value ranging from - 2 (most bearish) to 2 (most bullish) [3]