南华期货碳酸锂数据日报-20260226

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No clear core viewpoints are presented in the report 3. Summary by Directory 3.1 Futures Data - The price range of the lithium carbonate futures main contract is expected to be in a wide - range oscillation between 120,000 and 200,000 yuan, with a current 20 - day rolling volatility of 107.8% and a historical percentile of 95.1% over 3 years [2] - The closing price of the main contract is 173,660 yuan/ton, up 7,180 yuan (4.31%) daily and 23,400 yuan (15.57%) weekly. The trading volume is 402,461 lots, up 79,734 lots (24.71%) daily and 50,584 lots (14.38%) weekly. The open interest is 375,204 lots, down 1,833 lots (-0.49%) daily but up 18,673 lots (5.24%) weekly [4] - The closing price of the weighted index contract is 173,826 yuan/ton, up 7,106 yuan (4.26%) daily and 23,520 yuan (15.65%) weekly. The trading volume is 533,300 lots, up 119,194 lots (28.78%) daily and 102,818 lots (23.88%) weekly. The open interest is 700,562 lots, up 2,957 lots (0.42%) daily and 42,872 lots (6.52%) weekly [4] - The price differences between different contracts (e.g., LC2605 - LC2607, LC2605 - LC2609, LC2607 - LC2609) have different daily and weekly changes [4] - The number of lithium carbonate warehouse receipts on the GQEX is 38,451 lots, down 74 lots (-0.19%) daily but up 2,924 lots (8.23%) weekly [4] 3.2 Spot Data - In the lithium - battery industry chain, prices of various lithium - related products have different daily and weekly changes. For example, the average price of lithium mica (2 - 2.5%) is 5,700 yuan/ton, up 300 yuan (5.56%) daily; the average price of battery - grade lithium carbonate is 173,000 yuan/ton, up 11,250 yuan (6.96%) daily [19] - The exchange rate of the US dollar against the RMB is 6.8695, down 0.0146 (-0.21%) [19] - The price differences between different lithium products (e.g., battery - grade lithium carbonate - industrial - grade lithium carbonate, battery - grade lithium carbonate - battery - grade lithium hydroxide) also have corresponding changes [23] 3.3 Basis and Warehouse Receipt Data - The basis of the lithium carbonate main continuous contract and near - month contract shows seasonal characteristics [30][31] - The basis quotes of different lithium carbonate brands relative to the futures main contract are provided, with most having no daily change [32] - The total number of lithium carbonate warehouse receipts is 38,451 lots, down 74 lots from the previous day. Different warehouses have different changes in warehouse receipt quantities [35][38] 3.4 Cost and Profit - The production profits of lithium carbonate from外购锂矿 (including lithium spodumene concentrate and lithium mica concentrate) and the production profits of lithium hydroxide by causticization and smelting methods are presented [40] - The theoretical delivery profit of lithium carbonate, as well as the export profit of lithium hydroxide and the import profit of lithium carbonate, are shown in the report [40][41]