碳酸锂日报：碳酸锂强势运行-20260113

Report Summary 1. Industry Investment Rating No information provided in the report. 2. Core View - The lithium carbonate market is strongly operating. The closing price of the main contract LC2605.GFE in the futures market is 166,980 yuan/ton, up 10,920 yuan/ton from the previous day, showing an upward trend in the past 10 trading days. The spot price of lithium carbonate is 159,620 yuan/ton, up 4.93% from the previous day, also showing an upward trend in the past 10 trading days. The current basis is -8,240 points, a negative basis (spot discount), weaker by 4,940 points from the previous day, and the basis has been oscillating in the past 10 trading days. The registered warehouse receipt volume of lithium carbonate is 26,898 lots, an increase of 928 lots (+3.57%) from the previous day, and the warehouse receipts have generally increased in the past 10 trading days. Short - term supply elasticity is limited [4]. 3. Summary by Directory 3.1 Industry Dynamics - Futures Market: The closing price of the main contract is 166,980 yuan/ton, up 10,920 yuan/ton from the previous day and 29,040 yuan/ton from the previous week; the settlement price is 167,860 yuan/ton, up 12,440 yuan/ton from the previous day and 31,740 yuan/ton from the previous week [6]. - Lithium Ore Prices: The prices of Australian, Brazilian, Zimbabwean, and Malian CIF6 China lithium spodumene concentrates have increased compared to the previous week, while the prices of South African CIF China lithium spodumene raw ore and some lithium mica prices have also changed. For example, the price of Australian CIF6 China lithium spodumene concentrate is in the range of 2,180 - 2,300 US dollars/ton, up 140 - 150 US dollars/ton from the previous day and 400 - 480 US dollars/ton from the previous week [6]. - Lithium Salt Prices: The price of domestic 99.5% electric lithium carbonate is 159,620 yuan/ton, up 7,500 yuan/ton from the previous day and 32,030 yuan/ton from the previous week; the price of domestic 56.5% lithium hydroxide is 150,560 yuan/ton, up 7,530 yuan/ton from the previous day and 33,000 yuan/ton from the previous week [6]. - Downstream Product Prices: The prices of some downstream products such as ternary materials and electrolytes have also changed. For example, the price of domestic 111 - type power ternary material is 175,500 yuan/ton, up 4,000 yuan/ton from the previous day and 14,000 yuan/ton from the previous week; the price of manganese - acid lithium electrolyte is 52,500 yuan/ton, up 3,500 yuan/ton from the previous day and 6,000 yuan/ton from the previous week [6]. 3.2 Related Charts - Ore and Lithium Prices: There are charts showing the price changes of lithium mica, lithium carbonate futures, lithium carbonate spot, lithium hydroxide, lithium carbonate basis, and the price difference between lithium hydroxide and lithium carbonate [8]. - Cathode & Ternary Materials: There are charts showing the prices of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [10][13][15]. - Other Related Data of Lithium Carbonate Futures: There are charts showing the changes in the trading volume, open interest, and registered warehouse receipt volume of the lithium carbonate main contract [18][19].