碳酸锂数据日报-20251201

Group 1: Report Industry Investment Rating - No industry investment rating information provided Group 2: Core View of the Report - The current market mainly focuses on demand changes, with weekly demand remaining stable and prices being supported. In the medium - term, due to the release of energy storage demand, prices tend to rise, but there is downward pressure on prices in the short - term [3] Group 3: Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 93,750 yuan, up 450 yuan; SMM industrial - grade lithium carbonate has an average price of 91,300 yuan, up 450 yuan [1] Futures Contracts - Lithium carbonate 2512 has a closing price of 94,560 yuan, down 0.32%; lithium carbonate 2601 has a closing price of 94,640 yuan, down 0.36%; lithium carbonate 2602 has a closing price of 94,700 yuan, down 0.5%; lithium carbonate 2603 has a closing price of 94,800 yuan, down 0.59%; lithium carbonate 2604 has a closing price of 96,260 yuan, down 0.84% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has a price of 1,150 yuan, up 24 yuan; lithium mica (Li20: 1.5% - 2.0%) has a price of 1,665 yuan; lithium mica (Li20: 2.0% - 2.5%) has a price of 2,600 yuan, up 10 yuan; phospho - lithium - aluminum stone (Li20: 6% - 7%) has a price of 9,125 yuan, up 225 yuan; phospho - lithium - aluminum stone (Li20: 7% - 8%) has a price of 10,525 yuan, up 275 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 39,340 yuan, up 110 yuan; the average price of ternary material 811 (polycrystalline/power type) is 161,700 yuan; the average price of ternary material 523 (single - crystal/power type) is 144,400 yuan, up 100 yuan; the average price of ternary material 613 (single - crystal/power type) is 144,650 yuan, up 100 yuan [2] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,450 yuan; the difference between battery - grade lithium carbonate and the main contract is - 2,670 yuan, down 150 yuan; the difference between the near - month and the first - continuous contract is - 80 yuan, down 40 yuan; the difference between the near - month and the second - continuous contract is - 140 yuan, up 20 yuan [2] Inventory - The total inventory (weekly, tons) is 115,968 tons, down 2,452 tons; the inventory of smelters (weekly, tons) is 24,324 tons, down 1,780 tons; the inventory of downstream (weekly, tons) is 41,984 tons, down 2,452 tons; the inventory of others (weekly, tons) is 49,660 tons, up 1,780 tons; the registered warehouse receipts (daily, tons) is 5,441 tons, down 21,340 tons [2] Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 93,461 yuan, with a profit of - 1,012 yuan; the cash cost of externally purchased lithium mica concentrate is 94,750 yuan, with a profit of - 4,604 yuan [3] Industry News - This week, lithium carbonate production decreased by 265 tons and inventory decreased by 2,452 tons; the national new - type energy storage installed capacity exceeds 100 million kilowatts, 30 times that at the end of the "13th Five - Year Plan", accounting for over 40% of the global total installed capacity [3] Market Expectation - The market expects that the permit for Ningde Times' Xiawo Mine will be issued in mid - January at the latest, and possibly in December at the earliest, and the subsequent impact on the ore price will gradually decrease [3]