碳酸锂期货日报-20260109

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The lithium carbonate futures closed higher. In the afternoon, due to the overall decline of risk assets and the limit - down of polysilicon, the selling sentiment spread to lithium carbonate futures, causing the main contract to briefly fall below 140,000, but it rebounded at the end of the session. The spot prices in the industrial chain continued to rise. The social inventory of lithium carbonate increased this week, interrupting the destocking process, but the increase in iron - lithium processing fees, the growing production willingness of iron - lithium plants, the increasing production of energy - storage cells, and the delayed resumption of the Jianxiaowo mine are expected to prevent the inventory build - up from reversing the price trend. It is recommended to buy on dips for lithium carbonate futures [12]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - Market situation: The lithium carbonate futures closed higher. In the afternoon, affected by the overall decline of risk assets and the limit - down of polysilicon, the selling sentiment spread, causing the main contract to briefly fall below 140,000, but it rebounded at the end. The spot price of steel - linked electric carbon rose by 200 to 139,400, Australian ore rose by 125 to 1985, lithium mica rose by 165 to 2070, ternary materials remained flat, and iron - lithium rose by 2700 - 2900 [12]. - Inventory situation: This week, the social inventory of lithium carbonate increased by 337 tons to 109,900 tons. The continuous rise in lithium prices, downstream production cuts, and holiday factors interrupted the destocking process [12]. - Operation suggestion: It is recommended to buy on dips for lithium carbonate futures, but short - term selling sentiment should be monitored [12]. 3.2. Industry News - Xingfa Group: Hubei Xingshun New Materials Co., Ltd., a subsidiary of Xingfa Group, has put into trial operation a lithium iron phosphate production line customized for BYD on January 5. The production line has added more than 20 magnetic separation devices to improve product performance, with an annual designed capacity of 80,000 tons. The company plans to achieve a production and sales volume of 70,000 tons in 2026, and the production line will be basically at full capacity from March. Tonnage samples have passed BYD's tests and are about to be supplied in batches. The company is also promoting the verification and introduction of leading battery cell manufacturers such as EVE Energy and has formed a complete product matrix relying on the group's phosphate ore and hydropower resources [13]. - Premier African Minerals: Premier African Minerals, a UK - based mining and exploration company, has reached an agreement with its major shareholder Canmax Technologies to extend the deadline of the reiteration of the off - take and prepayment agreement for the Zulu lithium - tantalum project in Zimbabwe from December 31, 2025, to June 30, 2026. This is the third adjustment after two revisions in December 2024 and April 2025, as Premier had previously failed to deliver lithium concentrate as required [13][14].