碳酸锂日报：碳酸锂大跌-20260130

1. Report Industry Investment Rating - No relevant content provided. 2. Core Viewpoints of the Report - The closing price of the main contract of lithium carbonate futures was reported at 148,200 yuan/ton, hitting the daily limit during the session, marking the largest single - day decline in the recent period. The supply expectation has improved marginally as some Australian mines have disclosed复产 or增产 plans and high prices previously suppressed some import demand. The procurement willingness of downstream cathode material manufacturers has rebounded, with some companies pricing at low points. The restocking behavior is mainly for pre - holiday rigid demand, and overall inventory preparation is basically completed, with limited subsequent increments [6]. 3. Summary by Relevant Catalogs 3.1 Industry Dynamics - Futures and Spot Prices: The closing price of the main lithium carbonate futures contract was 148,200 yuan/ton, down 16,620 yuan from the previous day and 33,320 yuan from the previous week; the settlement price was 153,980 yuan/ton, down 12,520 yuan from the previous day and 23,340 yuan from the previous week. Lithium spodumene prices from various regions also showed different degrees of decline, with Australian CIF6 China lithium spodumene concentrate at 2,280 - 2,350 US dollars/ton, down 30 - 50 US dollars from the previous day and 10 - 10 US dollars from the previous week. The price of domestic 99.5% electric - grade lithium carbonate was 160,410 yuan/ton, down 7,470 yuan from the previous day and 10,640 yuan from the previous week [8]. - Downstream Product Prices: The prices of some downstream products such as ternary materials and electrolytes also changed. For example, the price of ternary precursor (523) was 110,500 yuan/ton, unchanged from the previous day and up 10,000 yuan from the previous week; the price of electrolyte (manganese - acid lithium) was 56,000 yuan/ton, down 500 yuan from the previous day and up 3,500 yuan from the previous week [8]. 3.2 Related Charts - Ore and Lithium Prices: The report includes charts of lithium mica price changes, lithium carbonate futures main price, domestic 99.5% electric - grade lithium carbonate price, lithium hydroxide price, lithium carbonate basis, and lithium hydroxide - lithium carbonate price difference [10]. - Cathode & Ternary Materials: There are charts showing the prices of manganese - acid lithium, domestic iron - phosphate lithium, cobalt - acid lithium, ternary precursors, and ternary materials [12][14]. - Other Related Data of Lithium Carbonate Futures: The report presents charts of the main contract trading volume, main contract open interest, and registered warehouse receipt volume of lithium carbonate futures [18][19].