碳酸锂走强：碳酸锂日报-20251211

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The lithium carbonate market shows a strengthening trend. The futures price of the main contract LC2605.GFE has increased, while the spot price has a slight increase. The negative basis has weakened, and the registered warehouse receipts have increased. The demand for lithium iron phosphate remains high [4][5]. 3. Summary by Directory 3.1 Industry Dynamics - Futures Market: The closing price of the main contract LC2605.GFE is 98,880 yuan/ton, up 2,900 yuan/ton (+3.02%) from the previous day, and up 5,180 yuan/ton from the previous week. The settlement price is 97,900 yuan/ton, up 2,800 yuan/ton from the previous day and 4,580 yuan/ton from the previous week [5][7]. - Lithium Concentrate: The prices of Australian, Brazilian, Zimbabwean, and other regions' CIF China lithium concentrate have increased to varying degrees compared with the previous day and the previous week, while the prices of South African CIF China lithium ore and some lithium mica have decreased [7]. - Lithium Carbonate and Lithium Hydroxide: The price of domestic 99.5% electric lithium carbonate is 93,540 yuan/ton, up 900 yuan/ton from the previous day and down 420 yuan/ton from the previous week. The price of domestic 56.5% lithium hydroxide is 82,390 yuan/ton, up 500 yuan/ton from the previous day and down 70 yuan/ton from the previous week [7]. - Ternary Materials and Related Products: The prices of some ternary precursors and materials have changed slightly, with the price of ternary precursor (111) and ternary material (111, power, domestic) increasing [7]. 3.2 Related Charts - Ore and Lithium Prices: Charts show the price trends of lithium mica, lithium carbonate futures, lithium carbonate, lithium hydroxide, lithium carbonate basis, and lithium hydroxide - lithium carbonate spread [9]. - Cathode & Ternary Materials: Charts display the price trends of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [11][14]. - Other Related Data of Lithium Carbonate Futures: Charts present the changes in the trading volume, open interest, and registered warehouse receipts of lithium carbonate futures [16][17].