碳酸锂：去库速度放缓，市场情绪降温或带来回调

Report Summary 1) Report Industry Investment Rating - No investment rating is provided in the report. 2) Core Viewpoints - The destocking speed of lithium carbonate has slowed down, and the cooling market sentiment may lead to a price correction [1]. 3) Summary by Relevant Catalogs Fundamental Tracking - 2601 Contract: The closing price was 98,980 yuan, down 320 yuan; the trading volume was 1,595,646 lots, down 171,782 lots; the open interest was 479,602 lots, down 23,530 lots [1]. - 2605 Contract: The closing price was 100,120 yuan, down 340 yuan; the trading volume was 627,740 lots, up 200,318 lots; the open interest was 339,769 lots, up 20,438 lots [1]. - Warehouse Receipts: The quantity was 26,916 lots, up 150 lots [1]. - Basis: The basis between spot and 2601 contract was -7,680 yuan; the basis between 2601 and 2605 contracts was -1,140 yuan [1]. - Raw Materials: The price of spodumene concentrate (6%, CIF China) was 1,117 yuan, up 31 yuan; the price of lepidolite (2.0%-2.5%) was 2,700 yuan, up 125 yuan [1]. - Lithium Salts: The price of battery - grade lithium carbonate was 91,300 yuan, up 2,400 yuan; the price of industrial - grade lithium carbonate was 88,900 yuan, up 2,400 yuan [1]. Macro and Industry News - The SMM battery - grade lithium carbonate index price was 92,400 yuan/ton, up 2,563 yuan/ton compared to the previous working day. The average price of battery - grade lithium carbonate was 91,300 yuan/ton, up 2,400 yuan/ton; the average price of industrial - grade lithium carbonate was 88,900 yuan/ton, up 2,400 yuan/ton [2]. - This week, the lithium carbonate output was 22,130 tons, an increase of 585 tons from last week, and the industry inventory was 118,420 tons, a destocking of 2,052 tons from last week [2]. Trend Intensity - The trend intensity of lithium carbonate was -1, indicating a bearish view [3].