碳酸锂日报：碳酸锂强势运行-20251117

Report Summary 1. Industry Investment Rating No information provided. 2. Core View - The lithium carbonate market is strongly operating. The futures and spot prices have shown an upward trend in the past 10 trading days, with the futures price rising significantly. The negative basis has weakened, and the registered warehouse receipts have generally increased. The supply-demand relationship features continuous inventory reduction, strong terminal demand, and high production scheduling in the material sector [4]. 3. Summary by Related Catalogs 3.1 Industry Dynamics - Futures Market: The closing price of the main contract LC2601.GFE was 95,200 yuan/ton, up 7,840 yuan/ton (+8.97%) from the previous day, and the settlement price was 92,660 yuan/ton, up 5,320 yuan/ton. Compared with 5 trading days ago, the closing price increased by 7,960 yuan/ton, and the settlement price increased by 7,300 yuan/ton [4][6]. - Lithium Ore Prices: Lithium ore prices from different regions showed varying degrees of increase. For example, the price of Australian CIF6 Chinese lithium spodumene concentrate increased by 50 - 60 dollars/ton compared with the previous day and 110 - 110 dollars/ton compared with 5 trading days ago [6]. - Lithium Mica Prices: The prices of lithium mica with different Li2O contents all increased, with increases ranging from 25 - 85 yuan/ton compared with the previous day and the same increases compared with 5 trading days ago [6]. - Lithium Carbonate and Lithium Hydroxide Prices: The price of domestic 99.5% electric lithium carbonate was 86,170 yuan/ton, up 980 yuan/ton from the previous day and 5,400 yuan/ton from 5 trading days ago. The prices of lithium hydroxide also showed varying degrees of increase [6]. - Downstream Product Prices: The prices of some downstream products such as electrolyte and lithium iron phosphate showed increases, while the prices of some products remained unchanged [6]. 3.2 Related Charts - Ore and Lithium Prices: Charts show the price changes of lithium mica, lithium carbonate futures, lithium hydroxide, and the basis and price difference between lithium hydroxide and lithium carbonate [8]. - Positive Electrode & Ternary Materials: Charts display the price changes of manganese - lithium oxide, lithium iron phosphate, cobalt - lithium oxide, ternary precursors, and ternary materials [11][12][13]. - Other Related Data of Lithium Carbonate Futures: Charts present the changes in the trading volume, open interest, and registered warehouse receipts of lithium carbonate futures [15][16].