有色板块集体上涨，碳酸锂价格反弹

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - After the previous panic - driven decline, market sentiment has recovered, and bullish confidence has gradually returned, leading to the rebound of lithium carbonate. Although the demand is in the off - season before the Spring Festival, the expected significant increase in lithium battery production in March supports the price increase. The support of energy storage demand, the short - term tight supply situation, and the strong performance of the non - ferrous sector will keep the current price at a high level [1][2] 3. Summary by Relevant Catalogs Market Analysis - On February 11, 2026, the lithium carbonate main contract 2605 opened at 138,000 yuan/ton and closed at 150,260 yuan/ton, with a 9.18% change in the closing price compared to the previous day's settlement price. The trading volume was 351,877 lots, and the open interest was 356,531 lots (the previous day's open interest was 345,989 lots). The current basis is - 5,120 yuan/ton (average price of electric carbon - futures), and the lithium carbonate warehouse receipts were 35,527 lots, a change of - 10 lots from the previous trading day [1] Spot Market - According to SMM data, the battery - grade lithium carbonate is quoted at 134,000 - 142,000 yuan/ton, a change of 2,000 yuan/ton from the previous day; the industrial - grade lithium carbonate is quoted at 131,000 - 138,000 yuan/ton, also a 2,000 - yuan/ton change. The price of 6% lithium concentrate is 1,980 US dollars/ton, a 15 - dollar/ton change from the previous day. The total spot inventory is 105,463 tons, a month - on - month decrease of 2,019 tons. Among them, smelter inventory is 18,356 tons, a month - on - month decrease of 647 tons; downstream inventory is 43,657 tons, a month - on - month increase of 3,058 tons; other inventory is 43,450 tons, a month - on - month decrease of 4,430 tons [2] Strategy - Given the large price fluctuations of lithium carbonate and the approaching Spring Festival, it is necessary to pay attention to position risks. Short - term trading should focus on range operations. If the price correction is too large, consider going long at low levels after the festival. For single - side trading, conduct short - term range operations and consider going long at low levels if the correction is significant. There are no strategies for inter - period, cross - variety, spot - futures, and options trading [3]