碳酸锂日报：碳酸锂震荡企稳-20260115

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The lithium carbonate market is showing signs of stabilization. The main contract of the futures market has been on an upward trend in the past 10 trading days, while the spot price has also shown an overall upward trend, although it decreased by 2.53% compared to the previous day. The inventory inflection point has appeared [4]. 3. Summary by Relevant Catalogs 3.1 Industry Dynamics - Futures Market: The closing price of the main contract LC2605.GFE was 163,220 yuan/ton, up 1,280 yuan/ton from the previous day, and up 18,220 yuan/ton from 5 trading days ago. The settlement price was 160,640 yuan/ton, down 4,740 yuan/ton from the previous day, but up 17,240 yuan/ton from 5 trading days ago [4][6]. - Lithium Concentrate: The prices of Australian, Brazilian, Zimbabwean and Malian CIF6 Chinese lithium spodumene concentrates were in the ranges of 2280 - 2350, 2260 - 2330, 2240 - 2330, and 1900 - 1980 US dollars/ton respectively, with price changes compared to the previous day and 5 trading days ago [6]. - Lithium Mica: The average prices of lithium mica with different Li₂O content in the Chinese market increased, with price increases ranging from 25 - 100 yuan/ton compared to the previous day and 755 - 2495 yuan/ton compared to 5 trading days ago [6]. - Lithium Carbonate and Lithium Hydroxide: The price of domestic 99.5% electric lithium carbonate was 158,920 yuan/ton, down 4,130 yuan/ton from the previous day but up 20,330 yuan/ton from 5 trading days ago. The price of domestic 56.5% lithium hydroxide was 150,460 yuan/ton, down 3,660 yuan/ton from the previous day but up 21,900 yuan/ton from 5 trading days ago [6]. - Downstream Products: The prices of some downstream products such as ternary precursors, ternary materials, and electrolytes showed different degrees of change. For example, the price of ternary precursor (111) increased by 0.3 million yuan/ton compared to the previous day, and the price of ternary material (111, power, domestic) increased by 0.5 million yuan/ton [6]. 3.2 Relevant Charts - Ore and Lithium Prices: Charts show 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][9]. - Cathode & Ternary Materials: Charts display the prices of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [11][14][16]. - Other Relevant Data of Lithium Carbonate Futures: Charts present the changes in the trading volume, open interest, and registered warehouse receipts of lithium carbonate futures [18][19].