碳酸锂日报：碳酸锂强势运行-20260120

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The lithium carbonate market is strongly operating. The closing price of the main contract LC2605.GFE in the futures market is 160,500 yuan/ton, up 13,240 yuan/ton from the previous day, showing an upward trend in the past 10 trading days. The spot price of lithium carbonate is 152,540 yuan/ton, up 1.07% from the previous day, also showing an upward trend in the past 10 trading days. The current basis is -2,920 points, a negative basis (spot discount), 6,580 points weaker than the previous day, and the basis has strengthened overall in the past 10 trading days. The registered warehouse receipt volume of lithium carbonate is 27,681 lots, down 17 lots (-0.06%) from the previous day, and the warehouse receipts have increased overall in the past 10 trading days. The low inventory of downstream products supports rigid procurement [4]. 3. Summary by Relevant Catalogs 3.1 Industry Dynamics - Futures Market: The closing price of the main contract is 160,500 yuan/ton, up 13,240 yuan/ton from the previous day and down 6,480 yuan/ton from the previous week; the settlement price is 155,460 yuan/ton, up 8,200 yuan/ton from the previous day and down 12,400 yuan/ton from the previous week [6]. - Lithium Ore: The prices of Australian, Brazilian, Zimbabwean, and South African lithium spodumene concentrates and lithium mica of different grades in China have different degrees of change compared with the previous day and the previous week [6]. - Lithium Compounds: The price of domestic 99.5% electric lithium carbonate is 152,540 yuan/ton, up 1,620 yuan/ton from the previous day and down 7,080 yuan/ton from the previous week; the price of domestic 56.5% lithium hydroxide is 147,040 yuan/ton, up 3,070 yuan/ton from the previous day and down 3,520 yuan/ton from the previous week [6]. - Downstream Products: The prices of ternary precursors, ternary materials, and other downstream products also have different degrees of change [6]. 3.2 Related Charts - Ore and Lithium Prices: Include lithium mica price change chart, lithium carbonate futures main price chart, lithium carbonate price chart, lithium hydroxide price chart, lithium carbonate basis chart, and lithium hydroxide - lithium carbonate price difference chart [8]. - Cathode & Ternary Materials: Include manganese - acid lithium price chart, domestic iron - phosphate lithium price chart, cobalt - acid lithium average price chart, ternary precursor price chart, and ternary material price chart [11]. - Other Related Data of Lithium Carbonate Futures: Include the change chart of the main trading volume of lithium carbonate, the change chart of the main holding volume of lithium carbonate, and the registered warehouse receipt volume chart of lithium carbonate [17].