碳酸锂日报：碳酸锂强势运行-20260123

Report Summary 1. Investment Rating - There is no information about the industry investment rating in the report. 2. Core View - The lithium carbonate market is strongly operating. The futures and spot prices have shown an upward trend in the past 10 trading days, while the basis has weakened. The registered warehouse receipts have generally increased, and the supply has slightly shrunk due to pre - Spring Festival maintenance and tight lithium mica raw materials in Jiangxi [4]. 3. Summary by Directory 3.1 Industry Dynamics - Futures Market: The closing price of the main contract LC2605.GFE was 181,520 yuan/ton, up 12,740 yuan/ton from the previous day, and the settlement price was 177,320 yuan/ton, up 8,160 yuan/ton from the previous day [4][6]. - Lithium Concentrate: The prices of Australian, Brazilian, Zimbabwean, and Malian CIF6 China lithium spodumene concentrates increased compared to the previous day, while the price of South African CIF China lithium spodumene ore also increased. The prices of various grades of lithium mica in China showed an upward trend compared to the previous day but a downward trend compared to the previous week [6]. - Lithium Compounds: The price of domestic 99.5% electric - grade lithium carbonate was 171,050 yuan/ton, up 6,490 yuan/ton from the previous day; the price of domestic 56.5% lithium hydroxide was 161,080 yuan/ton, up 4,460 yuan/ton from the previous day. The price difference between lithium hydroxide and lithium carbonate was - 9,970 yuan/ton, down 2,030 yuan/ton from the previous day [6]. - Downstream Products: The prices of some ternary precursors remained unchanged, while the prices of some ternary materials increased. The price of manganese - acid lithium electrolyte remained unchanged, and the price of cobalt - acid lithium remained unchanged. The price of lithium hexafluorophosphate decreased [6]. 3.2 Related Charts - Ore and Lithium Prices: The 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]. - Cathode & Ternary Materials: The charts display the price changes of manganese - acid lithium, lithium iron phosphate, cobalt - acid lithium, ternary precursors, and ternary materials [11][13][17]. - Other Related Data of Lithium Carbonate Futures: The charts present the changes in the trading volume, open interest, and registered warehouse receipts of lithium carbonate futures [19][20].