碳酸锂日报：碳酸锂走强-20260121

Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core View - The lithium carbonate market is showing a strengthening trend. The futures and spot prices have both increased in the past 10 trading days, and the policy window period has promoted "rush exports" [4][5]. Group 3: Summary by Directory 1. Industry Dynamics - Futures Market: The closing price of the main contract LC2605.GFE was 166,740 yuan/ton, up 6,240 yuan/ton from the previous day, showing an upward trend in the past 10 trading days. The settlement price was 164,580 yuan/ton, up 9,120 yuan/ton from the previous day [5][7]. - Spot Market: The spot price of lithium carbonate was 158,580 yuan/ton, up 3.96% from the previous day, also showing an upward trend in the past 10 trading days [5]. - Base - Spread Analysis: The current base - spread was - 6,000 points (spot discount), 3,080 points weaker than the previous day, and the base - spread has weakened overall in the past 10 trading days [5]. - Warehouse Receipts: The registered warehouse receipts of lithium carbonate were 28,656 lots, an increase of 975 lots (+3.52%) from the previous day, showing an overall increase in the past 10 trading days [5]. - Supply - Demand Relationship: The policy window period promotes "rush exports" [5]. - Lithium - Related Product Prices: The prices of various lithium - related products such as lithium spodumene, lithium mica, and lithium hydroxide have changed to different extents compared with the previous day and the previous week [7]. 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 base - spread, and the price difference between lithium hydroxide and lithium carbonate [9]. - Cathode & Ternary Materials: There are charts showing the prices of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [12]. - Other Related Data of Lithium Carbonate Futures: There are charts showing the changes in the trading volume, open interest, and registered warehouse receipts of the main lithium carbonate futures contract [18].