碳酸锂数据日报-20260316

Report Industry Investment Rating - Not provided Core View of the Report - The US has decided not to impose tariffs on battery materials imported from China, and the US International Trade Commission found that imports have not caused damage to the domestic industry [3] - Tensions between the US and Iran are rising, leading to repeated risk aversion among investors. In terms of fundamentals, new energy vehicle data in February was lower than expected, but strong energy storage demand still provides some support. Downstream purchasing demand is still being released. Overall, lithium carbonate may enter a phase of wide - range fluctuations [3] Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 159,000 yuan, up 1,000 yuan; SMM industrial - grade lithium carbonate average price is 155,500 yuan, up 1,000 yuan [1] Futures Contracts - The closing price of lithium carbonate 2603 is 156,500 yuan, with a daily increase of 1.62%; lithium carbonate 2604 is 151,920 yuan, down 2.52%; lithium carbonate 2605 is 152,080 yuan, down 2.6%; lithium carbonate 2606 is 151,940 yuan, down 2.6%; lithium carbonate 2607 is 151,400 yuan, down 2.84% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) average price is 2,210 yuan, up 15 yuan; lithium mica (Li20: 1.5% - 2.0%) is 3,400 yuan; lithium mica (Li20: 2.0% - 2.5%) is 5,050 yuan; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 12,875 yuan; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 14,000 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 55,720 yuan, up 245 yuan; the average price of ternary material 811 (polycrystalline/power type) is 212,250 yuan, up 200 yuan; the average price of ternary material 523 (single - crystal/power type) is 184,650 yuan, up 350 yuan; the average price of ternary material 613 (single - crystal/power type) is 186,050 yuan, up 300 yuan [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 3,500 yuan; the price spread between battery - grade lithium carbonate and the main contract is 6,920 yuan, with a change of 5,900 yuan; the price spread between the near - month and the first - continuous contract is - 160 yuan, with a change of - 40 yuan; the price spread between the near - month and the second - continuous contract is - 20 yuan, with a change of 320 yuan [2] Inventory - The total inventory (weekly, tons) is 98,959 tons, down 414 tons; the smelter inventory (weekly, tons) is 16,292 tons, down 1,184 tons; the downstream inventory (weekly, tons) is 45,647 tons, up 1,890 tons; the other inventory (weekly, tons) is 37,020 tons, down 1,120 tons; the registered warrants (daily, tons) is 36,403 tons, down 52 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 157,651 yuan, and the profit is - 761 yuan; the cash cost of purchasing lithium mica concentrate is 151,428 yuan, and the profit is 1,922 yuan [3]