Hopewind(SH:603063) Nan Hua Qi Huo·2026-03-12 10:24Report Information - Report Date: March 12, 2026 [1] - Author: Yu Weihan - Investment Consulting Certificate Number: Z0023762 - Contact Email: yuwh@nawaa.com - Investment Consulting Business Qualification: CSRC License [2011] No. 1290 [1] Industry Investment Rating No information provided. Core Viewpoints No information provided. Summary by Directory 1. Futures Data - Price Range and Volatility: The strong support level for the lithium carbonate futures main contract is 130,000 yuan/ton. The current 20 - day rolling volatility is 80.8%, and its 3 - year historical percentile is 92.2% [2] - Futures Contract Data: The closing price of the main contract is 156,980 yuan/ton, up 1,940 yuan (1.25%) daily and 1,120 yuan (0.72%) weekly. The trading volume is 219,828 lots, down 47,518 lots (-17.77%) daily and 80,677 lots (-26.85%) weekly. The open interest is 325,382 lots, down 5,054 lots (-1.53%) daily and 6,992 lots (-2.10%) weekly. Similar data is provided for the weighted index contract and spreads between different contracts [4] - CME and LME Lithium Hydroxide Futures: Data for CME lithium hydroxide futures from March to December 2026, including opening, high, low, last, change, settle, estimated volume, and prior day open interest, is provided. Information about LME lithium hydroxide futures is mentioned but no detailed data is shown [9] 2. Spot Data - Lithium - related Product Prices: Prices of various lithium - related products are provided, including lithium ore (such as lithium mica, lithium spodumene), lithium salts (industrial and battery - grade lithium carbonate, lithium hydroxide), and battery materials (phosphate - based and ternary materials). For example, the average price of industrial - grade lithium carbonate is 155,750 yuan/ton, up 500 yuan (0.32%) daily; the average price of battery - grade lithium carbonate is 159,000 yuan/ton, up 500 yuan (0.32%) daily [14][15] - Price Spreads: Spreads between different lithium - related products are presented, such as the spread between battery - grade and industrial - grade lithium carbonate, and the spread between battery - grade lithium carbonate and lithium hydroxide [19] 3. Basis and Warehouse Receipt Data - Basis Data: Basis data for the main continuous contract, near - month contract, and different brands of lithium carbonate are provided. For example, the basis of Shengxin Lithium Energy's battery - grade lithium carbonate against the futures main contract is - 300 yuan/ton [24][26] - Warehouse Receipt Data: The total number of lithium carbonate warehouse receipts is 36,455 lots, down 284 lots from the previous day. Warehouse receipt data for different warehouses are also provided [30] 4. Cost and Profit - Production and Trading Profits: Data on the production profits of lithium carbonate from purchased lithium ore (including lithium spodumene and lithium mica), the production profits of lithium hydroxide by causticizing and smelting methods, the theoretical delivery profit of lithium carbonate, and the export profit of lithium hydroxide and import profit of lithium carbonate are presented through graphs [32][33]