碳酸锂：淡季需求回落有限，宽幅震荡

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The demand for lithium carbonate declines slightly in the off - season, and the price shows a wide - range fluctuation [1] - Since 2026, the sodium - battery industry has achieved breakthroughs, and the entire industry chain is accelerating its implementation. Sodium batteries are expected to replace or supplement lead - acid batteries and some lithium batteries in multiple fields in 2026 [3] 3. Content Summaries by Sections Fundamental Tracking - Futures Market Data: For the 2605 contract, the closing price is 179,600 yuan, the trading volume is 382,313, and the open interest is 422,433. For the 2607 contract, the closing price is 179,980 yuan, the trading volume is 55,497, and the open interest is 120,428. The warehouse receipt volume is 29,166 hands [1] - Basis Data: The basis of spot - 2605 is - 7,100 yuan, spot - 2607 is - 7,480 yuan, 2605 - 2607 is - 380 yuan, electric carbon - industrial carbon is 3,500 yuan, and spot - CIF is 22,912 yuan [1] - Raw Material Data: The price of spodumene concentrate (6%, CIF China) is 2,205 dollars, and the price of lithium mica (2.0% - 2.5%) is 5,190 yuan [1] - Lithium Salt and Related Product Data: The price of battery - grade lithium carbonate is 172,500 yuan, industrial - grade lithium carbonate is 169,000 yuan, battery - grade lithium hydroxide (micropowder) is 171,350 yuan, etc. [1] Macro and Industry News - The SMM battery - grade lithium carbonate index price is 171,425 yuan/ton, with a decrease of 7,539 yuan/ton compared to the previous working day. The average price of battery - grade lithium carbonate is 172,500 yuan/ton, and that of industrial - grade lithium carbonate is 169,000 yuan/ton, both decreasing by 9,000 yuan/ton compared to the previous working day [2] - Since 2026, leading companies in the sodium - battery industry have taken frequent actions. Sodium batteries are expected to be commercially launched on a large scale in 2026, with the potential to replace or supplement lead - acid batteries and some lithium batteries in multiple fields [3] Trend Intensity The trend intensity of lithium carbonate is 0, indicating a neutral trend [3]