碳酸锂：市场情绪向好，短期偏强

Report Summary 1) Report Industry Investment Rating - The report does not provide an industry investment rating. 2) Core Viewpoint - The market sentiment for lithium carbonate is positive, and it is expected to be strong in the short term [1]. 3) Summary by Relevant Catalogs Fundamental Tracking - Contract Data: For the 2601 contract, the closing price was 95,200, the trading volume was 1,366,919, and the open interest was 562,954. For the 2605 contract, the closing price was 95,720, the trading volume was 302,425, and the open interest was 274,475 [1]. - Warehouse Receipts: The warehouse receipt volume was 26,953 hands, showing a decrease compared to previous periods [1]. - Basis: The basis between the spot and 2601 contract was -9,050, and between the spot and 2605 contract was -9,570. The basis between the 2601 and 2605 contracts was -520 [1]. - Raw Materials: The price of spodumene concentrate (6%, CIF China) was 1,024, and the price of lepidolite (2.0%-2.5%) was 2,340 [1]. - Lithium Salts: The price of battery - grade lithium carbonate was 86,150, and the price of industrial - grade lithium carbonate was 83,800 [1]. - Related Products: The prices of various lithium - related products such as lithium iron phosphate and ternary materials showed different degrees of change [1]. Macro and Industry News - The SMM battery - grade lithium carbonate index price was 86,395 yuan/ton, with a daily increase of 1385 yuan/ton. The average price of battery - grade lithium carbonate was 86,150 yuan/ton, and that of industrial - grade lithium carbonate was 83,800 yuan/ton, both increasing by 1000 yuan/ton compared to the previous day [2]. - The full exemption policy for new energy vehicle purchase tax will end in 2025. 17 mainstream automobile brands have launched purchase tax subsidy plans. From January 1, 2026, the new energy vehicle purchase tax policy will be halved [2][3]. Trend Intensity - The trend intensity of lithium carbonate is 0, indicating a neutral trend [3].