南华期货碳酸锂数据日报-20260212

Report Summary 1. Report Industry Investment Rating No investment rating was provided in the report. 2. Core Viewpoints The report comprehensively presents the latest data on lithium carbonate futures and spot markets, including price trends, trading volumes, open interests, and cost - profit analysis, to help investors understand the current situation of the lithium carbonate market [2][20][39]. 3. Summary by Directory 3.1 Futures Data - Price Range and Volatility: The price range of the lithium carbonate main contract is expected to be in a wide - range shock between 120,000 and 200,000 yuan. The current 20 - day rolling volatility is 115.2%, and the historical percentile of volatility in the past 3 years is 96.3% [2]. - Contract Data: The closing price of the main contract is 149,420 yuan/ton, with a daily decline of 840 yuan (-0.56%) and a weekly increase of 16,640 yuan (12.53%). The trading volume is 304,798 lots, a daily decrease of 47,079 lots (-13.38%) and a weekly decrease of 226,926 lots (-42.68%). The open interest is 353,975 lots, a daily decrease of 2,556 lots (-0.72%) and a weekly increase of 24,198 lots (7.34%) [4]. - CME and LME Futures: CME and LME also have relevant lithium hydroxide futures data, including opening prices, highs, lows, last prices, changes, and settlement prices [14]. 3.2 Spot Data - Lithium Ore and Salt: The prices of various lithium ores and salts have shown different degrees of change. For example, the price of lithium mica (2 - 2.5%) is 4,575 yuan/ton, with a daily increase of 160 yuan (3.62%); the price of industrial - grade lithium carbonate is 139,000 yuan/ton, with a daily increase of 4,500 yuan (3.35%) [20]. - Cell Materials: The prices of various cell materials also fluctuated. The price of energy - storage lithium iron phosphate (2.5g) is 52,310 yuan/ton, with a daily increase of 1,090 yuan (2.13%) [20]. - Price Spreads: The difference between battery - grade lithium carbonate and industrial - grade lithium carbonate is 3,500 yuan/ton, remaining unchanged from the previous period [23]. 3.3 Basis and Warehouse Receipt Data - Basis: The basis of the lithium carbonate main - continuous contract shows certain seasonal fluctuations. The basis quotes of different lithium carbonate brands also vary, such as - 800 yuan for Shengxin Lithium Energy and 0 yuan for Tianqi Lithium Industry [29][31]. - Warehouse Receipts: The total number of lithium carbonate warehouse receipts is 37,282 lots, an increase of 1,755 lots from the previous day [34]. 3.4 Cost - Profit - Production Profit: The production profit of lithium carbonate from purchased lithium ore and the production profit of lithium hydroxide by causticizing/smelting methods show different trends. The theoretical delivery profit of lithium carbonate and the export profit of lithium hydroxide and import profit of lithium carbonate also fluctuate [39][40].