碳酸锂数据日报-20260227

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core View of the Report - The report maintains the view that the lithium carbonate futures price will be relatively strong in the first quarter, as the supply - side of lithium carbonate has become tighter due to the ban on ore exports from Zimbabwe and the non - resumption of some mines, and the battery export tax - refund rate change will drive an increase in downstream purchasing demand, leading to intensified supply - demand mismatch [3] Group 3: Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 173,000 yuan, up 11,250 yuan; SMM industrial - grade lithium carbonate average price is 169,500 yuan, up 11,250 yuan [1] Lithium Ore - Lithium spodumene concentrate (CIF China) average price is 2387, up 133; lithium mica (Li20:1.5% - 2.0%) average price is 3800, up 200; lithium mica (Li20:2.0% - 2.5%) average price is 5700, up 300; petalite (Li20:6% - 7%) average price is 14500, up 400; petalite (Li20:7% - 8%) average price is 15800, up 500 [1][2] Positive Electrode Materials - The average price of lithium iron phosphate (power type) is 59115 yuan, up 2730 yuan; the average price of ternary material 811 (polycrystalline/power type) is 212500 yuan, up 4900 yuan; the average price of ternary material 523 (single - crystal/power type) is 188200 yuan, up 4700 yuan; the average price of ternary material 613 (single - crystal/power type) is 189750 yuan, up 4850 yuan [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 3500 yuan, with no change; the price spread between battery - grade lithium carbonate and the main contract is - 660 yuan, up 4070 yuan; the price spread between the near - month and the first - continuous contract is - 2460 yuan, down 400 yuan; the price spread between the near - month and the second - continuous contract is - 3020 yuan, down 460 yuan [2] Inventory - The total inventory (weekly, tons) is 100093, down 2839 tons; the smelter inventory (weekly, tons) is 18382, up 1462 tons; the downstream inventory (weekly, tons) is 40021, down 4471 tons; the other inventory (weekly, tons) is 41690, up 170 tons; the registered warehouse receipts (daily, tons) is 38451, up 748 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 169235 yuan, and the profit is 1515 yuan; the cash cost of purchasing lithium mica concentrate is 166608 yuan, and the profit is 462 yuan [3] New Energy Vehicle Market - In January 2026, the production and sales of new energy vehicles were 1.041 million and 945,000 respectively, and the export was 302,000, with a year - on - year doubling [3]