碳酸锂数据日报-20260303

Report Industry Investment Rating - No information provided Core View of the Report - In the context of the un - resumed production of underground mines and the ban on ore exports in Zimbabwe, the supply side of lithium carbonate has become tighter. The increase in battery export VAT rebate rate will lead to a surge in downstream purchasing demand, resulting in intensified supply - demand mismatch in Q1 and a bullish view on lithium carbonate futures prices [3] Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 172,500 with a rise of 500; SMM industrial - grade lithium carbonate has an average price of 169,000 with a rise of 500 [1] Lithium Futures Contracts - Carbonate lithium 2603 has a closing price of 170,500 with a 0.6% increase; carbonate lithium 2604 has a closing price of 171,400 with a 0.64% decrease; carbonate lithium 2605 has a closing price of 172,020 with a 0.96% decrease; carbonate lithium 2606 has a closing price of 172,560 with a 0.61% decrease; carbonate lithium 2607 has a closing price of 172,800 with a 0.71% decrease [1] Lithium Ore - Lithium spodumene concentrate (CIF China) (Li20: 5.5% - 6%) has an average price of 2360 with a decrease of 12; lithium mica (Li20: 1.5% - 2.0%) has an average price of 3685 with a decrease of 40; lithium mica (Li20: 2.0% - 2.5%) has an average price of 5525 with a decrease of 75; phospho - lithium - aluminum stone (Li20: 6% - 7%) has an average price of 13,775 with a decrease of 300; phospho - lithium - aluminum stone (Li20: 7% - 8%) has an average price of 15,050 with a decrease of 300 [1][2] Cathode Materials - Lithium iron phosphate (power type) has an average price of 58,990 with a rise of 120; ternary material 811 (polycrystalline/power type) has an average price of 212,000; ternary material 523 (single - crystal/power type) has an average price of 187,800; ternary material 613 (single - crystal/power type) has an average price of 189,450 [2] Price Spreads - The difference between battery - grade and industrial - grade lithium carbonate is 3500 with a change of - 1; the difference between battery - grade lithium carbonate and the main contract is 480 with a change of 4520; the difference between the near - month and the first - continuous contract is - 620 with a change of 3180; the difference between the near - month and the second - continuous contract is - 1160 with a change of 2980 [2] Inventory - The total weekly inventory is 100,093 tons with a decrease of 2839; the smelter's weekly inventory is 18,382 tons; the downstream's weekly inventory is 40,021 tons with a decrease of 4471; other weekly inventory is 41,690 tons with an increase of 170; the daily registered warehouse receipts are 38,196 tons with a decrease of 765 [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 167,425, and the profit is 2831; the cash cost of purchasing lithium mica concentrate externally is 162,390, and the profit is 4190 [3] New Energy Vehicle Market - In January 2026, the production and sales of new energy vehicles reached 1.041 million and 945,000 respectively, with year - on - year increases. The export of new energy vehicles was 302,000, doubling year - on - year [3]