碳酸锂盘面价格小幅修复，短期维持宽幅震荡

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The lithium carbonate futures price has a slight recovery and is expected to maintain a wide - range oscillation in the short term. The market sentiment's influence on the futures price is significant, and the price will gradually return to the fundamental logic. In March, there is a strong supply - demand relationship, the demand for lithium carbonate materials and cell production schedules continue to grow rapidly, the industry maintains a de - stocking trend, which supports the price. However, due to the strong price - holding sentiment of upstream lithium salt factories and the increased wait - and - see sentiment of downstream material factories after price increases, the market lacks continuous upward momentum. [1][2] 3. Summary by Related Catalog Market Analysis - Futures Market: On March 10, 2026, the lithium carbonate main contract 2605 opened at 161,500 yuan/ton and closed at 163,000 yuan/ton, with a 4.15% change in the closing price compared to the previous day's settlement price. The trading volume was 226,273 lots, the holding volume was 332,517 lots (previous day: 330,671 lots). The current basis was - 5,660 yuan/ton, and the number of lithium carbonate warehouse receipts was 37,019 lots, a change of 158 lots from the previous day. [1] - Spot Market: According to SMM data, the price of battery - grade lithium carbonate was 153,000 - 164,000 yuan/ton, a change of 3,750 yuan/ton from the previous day; the price of industrial - grade lithium carbonate was 150,000 - 160,500 yuan/ton, a change of 4,000 yuan/ton from the previous day. The price of 6% lithium concentrate was 2,240 US dollars/ton, a change of 40 US dollars/ton from the previous day. [1] - Inventory: According to SMM statistics, the spot inventory was 99,373 tons, a month - on - month decrease of 720 tons. Among them, the smelter inventory was 17,476 tons, a month - on - month decrease of 906 tons; the downstream inventory was 43,757 tons, a month - on - month increase of 3,736 tons; other inventories were 38,140 tons, a month - on - month decrease of 3,550 tons. The overall inventory is still in a de - stocking pattern. [1] Consumption End - According to Baichuan data, the production of lithium iron phosphate increased by 16.47% month - on - month, ternary materials increased by 21.45% month - on - month, lithium cobalt oxide increased by 39.53% month - on - month, lithium manganate increased by 6.05% month - on - month, and lithium hexafluorophosphate increased by 10.44% month - on - month. [2] Strategy - Overall Strategy: The rapid growth of lithium carbonate demand in materials and cell production schedules leads to continuous inventory reduction, but the terminal demand of new - energy vehicles and energy storage needs further verification. The current futures price is greatly affected by market sentiment, and short - term interval operation is recommended. [3] - Single - side: Short - term wait - and - see is the main strategy. [4] - Inter - period: No strategy provided. - Inter - variety: No strategy provided. - Futures - spot: No strategy provided. - Options: No strategy provided.