碳酸锂期货日报-20260129

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The lithium carbonate futures price opened high and closed low. The spot price of lithium carbonate was relatively resistant to decline, and downstream material factories had an increased willingness to purchase at relatively low prices. The lithium carbonate futures price was hindered from rising due to window guidance, but the spot price had limited decline due to the stocking demand of cathode factories. Therefore, it is expected that the lithium carbonate futures will trade sideways at a high level in the short term [12] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - The lithium carbonate futures price opened high and closed low. The intraday spot price of Mysteel in the evening session was 170,000 yuan/ton, down 750 yuan/ton from the previous day. The spot premium over the futures expanded, and the spot was resistant to decline. Downstream material factories mainly made purchases for immediate needs and stockpiling for February. The Australian ore price dropped by 100, the mica ore price dropped by 10, the ternary material price remained flat, and the lithium iron phosphate price dropped by 50 - 100. The lithium carbonate futures price was hindered from rising due to window guidance, but the spot price had limited decline due to the stocking demand of cathode factories. It is expected that the lithium carbonate futures will trade sideways at a high level in the short term [12] 3.2 Industry News - The lithium carbonate futures and options of the Guangzhou Futures Exchange were included in the domestic specific varieties and were approved to introduce overseas traders in a specific variety manner on January 23, 2026. This move aims to consolidate the international competitive position of the industry, serve the construction of a manufacturing power, and enhance the development advantages of the green and low - carbon industry. Since its listing in July 2023, the lithium carbonate futures and options market of the Guangzhou Futures Exchange has generally operated smoothly and effectively played its functions, providing strong support for the high - quality development of the lithium - battery industry and a transparent, fair, and authoritative pricing basis for spot trading [13] - The world's second - largest lithium producer, SQM, released its financial report on Wednesday, showing that its profit in the fourth quarter of 2025 decreased by 59% year - on - year due to the decline in lithium prices. SQM announced on Tuesday that the merger of its lithium business with the lithium business department of Codelco had been fully completed after the Chilean Supreme Court rejected an appeal that previously hindered the transaction [13][14]