碳酸锂小幅下跌：碳酸锂日报-20251205

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The main contract of lithium carbonate futures (LC2605.GFE) closed at 92,160 yuan/ton, down 1,540 yuan/ton (-1.64%) from the previous day, showing a downward trend in the past 10 trading days. The spot price of lithium carbonate was 93,190 yuan/ton, down 0.82% from the previous day, showing an upward trend in the past 10 trading days. The current basis was -10 points, a negative basis (spot discount), 650 points weaker than the previous day, and the basis has weakened overall in the past 10 trading days. The registered warehouse receipts of lithium carbonate were 10,922 lots, an increase of 500 lots (+4.80%) from the previous day, and the warehouse receipts have decreased overall in the past 10 trading days. The supply-demand relationship continued the de-stocking trend [4]. 3. Summary by Relevant Catalogs 3.1 Industry Dynamics - Futures: The closing price of the main contract was 92,160 yuan/ton, down 1,540 yuan/ton from the previous day and 4,260 yuan/ton from the previous week; the settlement price was 93,200 yuan/ton, down 120 yuan/ton from the previous day and 3,200 yuan/ton from the previous week [6]. - Lithium Spodumene: The prices of Australian, Brazilian, Zimbabwean, and Malian CIF6 China lithium spodumene concentrates all decreased by 10 - 10 dollars/ton compared to the previous day and 40 - 40 dollars/ton compared to the previous week. The price of South African CIF China lithium spodumene ore remained unchanged [6]. - Lithium Mica: The prices of different grades of lithium mica in the Chinese market either remained unchanged or increased slightly compared to the previous week [6]. - Lithium Carbonate and Lithium Hydroxide: The price of domestic 99.5% electric lithium carbonate was 93,190 yuan/ton, down 770 yuan/ton from the previous day and 590 yuan/ton from the previous week. The price of domestic 56.5% lithium hydroxide was 82,110 yuan/ton, down 350 yuan/ton from the previous day and 30 yuan/ton from the previous week. The price difference between lithium hydroxide (56.5%, domestic) and lithium carbonate (99.5% electric, domestic) was -11,080 yuan/ton, an increase of 420 yuan/ton from the previous day and 560 yuan/ton from the previous week [6]. - Ternary Materials and Related Products: The prices of ternary precursors and ternary materials remained unchanged compared to the previous day and week, and the price of electrolyte (lithium manganate) also remained unchanged [6]. - Downstream Products: The price of domestic lithium iron phosphate was 39,100 yuan/ton, remaining unchanged. The average price of domestic cobalt acid lithium (≥60%) was 344,000 yuan/ton, an increase of 500 yuan/ton from the previous week. The price of lithium hexafluorophosphate was 180,000 yuan/ton, remaining unchanged [6]. 3.2 Relevant Charts - Ore and Lithium Prices: Charts showed the price changes of lithium mica, lithium carbonate futures, lithium carbonate, lithium hydroxide, lithium carbonate basis, and the price difference between lithium hydroxide and lithium carbonate [8]. - Cathode & Ternary Materials: Charts presented the price changes of lithium manganate, lithium iron phosphate, cobalt acid lithium, ternary precursors, and ternary materials [11][15]. - Other Related Data of Lithium Carbonate Futures: Charts displayed the changes in the trading volume, open interest, and registered warehouse receipts of the main lithium carbonate contract [17][18].