碳酸锂日报：碳酸锂小幅下跌-20251218

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The main contract LC2605.GFE of lithium carbonate futures closed at 106,160 yuan/ton, down 2,460 yuan/ton (-2.26%) from the previous day, showing an upward trend in the past 10 trading days [4]. - The spot price of lithium carbonate was 97,570 yuan/ton, up 0.50% from the previous day, also showing an upward trend in the past 10 trading days [4]. - The current basis was -9,690 points, a negative basis (spot discount), 230 points stronger than the previous day, and the basis has weakened overall in the past 10 trading days [4]. - The registered warehouse receipt volume of lithium carbonate was 15,636 lots, unchanged from the previous day, and the warehouse receipts have increased overall in the past 10 trading days [4]. - The market's short - term resource shortage expectation remains [4]. 3. Summary by Directory 3.1 Industry Dynamics - Futures: The main contract closing price was 106,160 yuan/ton, down 2,460 yuan/ton from the previous day and up 7,280 yuan/ton from 5 trading days ago; the main contract settlement price was 107,260 yuan/ton, up 260 yuan/ton from the previous day and up 9,360 yuan/ton from 5 trading days ago [6]. - Lithium Concentrate: Australian CIF6 China lithium spodumene concentrate was priced at 1,310 - 1,380 US dollars/ton, with a price increase of 50 - 40 US dollars/ton from the previous day and 110 - 140 US dollars/ton from 5 trading days ago; Brazilian CIF6 China lithium spodumene concentrate was 1,290 - 1,360 US dollars/ton, with similar price changes; Zimbabwe CIF6 China lithium spodumene concentrate was 1,280 - 1,340 US dollars/ton; Mali CIF6 China lithium spodumene concentrate was 1,030 - 1,090 US dollars/ton; South African CIF China lithium spodumene raw ore was 140 - 160 US dollars/ton [6]. - Lithium Mica: The average market prices of lithium mica with different Li2O contents all increased compared with the previous day and 5 trading days ago. For example, the average price of lithium mica (Li2O: 1.5 - 2) was 1,660 yuan/ton, up 45 yuan/ton from the previous day and 60 yuan/ton from 5 trading days ago [6]. - Lithium Carbonate and Lithium Hydroxide: The price of Chinese domestic 99.5% electric lithium carbonate was 97,570 yuan/ton, up 490 yuan/ton from the previous day and 4,030 yuan/ton from 5 trading days ago; the price of Chinese domestic 56.5% lithium hydroxide was 86,020 yuan/ton, up 500 yuan/ton from the previous day and 3,630 yuan/ton from 5 trading days ago [6]. - Downstream Products: The prices of some downstream products such as ternary precursors, ternary materials, and electrolyte remained stable or had slight changes. For example, the price of ternary precursor (523) was 107,000 yuan/ton, unchanged from the previous day and up 2,000 yuan/ton from 5 trading days ago [6]. 3.2 Related Charts - Ore and Lithium Prices: The charts show 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 [11]. - Cathode & Ternary Materials: The charts display the prices of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [13][16]. - Other Related Data of Lithium Carbonate Futures: The charts present the changes in the trading volume, open interest, and registered warehouse receipt volume of lithium carbonate futures [18].