Report Summary 1. Report Industry Investment Rating - Not provided 2. Core View of the Report - Due to the mismatch between supply and demand, with the terminal (energy storage + new energy vehicles) peak season continuing and the supply fluctuating at a high level without a large - scale increase, the downward support for lithium carbonate prices is obvious. Considering hedging pressure and the resumption of production in Jiangxi mines, it is expected that lithium carbonate prices may experience wide - range fluctuations in the short term [3] 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 86,150 yuan, up 1,000 yuan; SMM industrial - grade lithium carbonate average price is 83,800 yuan, up 1,000 yuan [1] Lithium Ore - Lithium spodumene concentrate (CIF China, Li2O: 5.5% - 6%) average price is 1,024 yuan, up 18 yuan; lithium mica (Li2O: 1.5% - 2.0%) average price is 1,490 yuan, up 40 yuan; lithium mica (Li2O: 2.0% - 2.5%) average price is 2,340 yuan, up 60 yuan; phospho - lithium - aluminum stone (Li2O: 6% - 7%) average price is 8,400 yuan, up 315 yuan; phospho - lithium - aluminum stone (Li2O: 7% - 8%) average price is 9,825 yuan, up 315 yuan [1][2] Positive Electrode Materials - The average price of lithium iron phosphate (power type) is 37,500 yuan, up 245 yuan; the average price of ternary material 811 (polycrystalline/power type) is 160,650 yuan, up 300 yuan; the average price of ternary material 523 (single - crystal/power type) is 142,200 yuan, up 300 yuan; the average price of ternary material 613 (single - crystal/power type) is 142,650 yuan, up 300 yuan [2] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,350 yuan; the difference between battery - grade lithium carbonate and the main contract is - 9,050 yuan, a change of - 6,840 yuan; the difference between the near - month and the first - continuous contract is 60 yuan, up 80 yuan; the difference between the near - month and the second - continuous contract is 260 yuan, up 100 yuan [2] Inventory - The total inventory (weekly, tons) is 120,472 tons, a decrease of 3,481 tons; the smelter inventory (weekly, tons) is 28,270 tons, a decrease of 2,445 tons; the downstream inventory (weekly, tons) is 48,772 tons, a decrease of 3,236 tons; other inventory (weekly, tons) is 43,430 tons, an increase of 2,200 tons; the registered warehouse receipts (daily, tons) is 26,953 tons [2] Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 85,482 yuan, and the profit is - 543 yuan; the cash cost of externally purchased lithium mica concentrate is 89,096 yuan, and the profit is - 6,327 yuan [3] Futures Contracts - The closing price of lithium carbonate 2512 is 95,140 yuan, with a daily increase of 8.98%; the closing price of lithium carbonate 2601 is 95,200 yuan, with a daily increase of 9%; the closing price of lithium carbonate 2602 is 94,880 yuan, with a daily increase of 8.98%; the closing price of lithium carbonate 2603 is 94,780 yuan, with a daily increase of 8.99%; the closing price of lithium carbonate 2604 is 95,640 yuan, with a daily increase of 8.98% [1]
碳酸锂数据日报-20251118
Guo Mao Qi Huo·2025-11-18 07:12