碳酸锂数据日报-20260318

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The U.S. decided not to impose tariffs on battery materials imported from China, and the U.S. International Trade Commission found that imports did not cause damage to the domestic industry [3] - The situation between the U.S. and Iran shows signs of heating up, leading to repeated risk - aversion sentiment among funds. In terms of fundamentals, new energy vehicle data in February was lower than expected, but the energy storage demand remained strong, providing some support. Downstream purchasing demand is still being released. Overall, lithium carbonate may enter a phase of wide - range fluctuations [3] 3. Summary According to Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 158,000 yuan, with a daily increase of 1,500 yuan; SMM industrial - grade lithium carbonate average price is 154,500 yuan, with a daily increase of 1,500 yuan [1] Futures Contracts - The closing price of lithium carbonate 2604 is 155,440 yuan, with a decline of 0.79%; lithium carbonate 2605 is 155,320 yuan, with an increase of 0.39%; lithium carbonate 2606 is 154,580 yuan, with an increase of 0.69%; lithium carbonate 2607 is 154,840 yuan, with an increase of 0.3%; lithium carbonate 2608 is 155,960 yuan, with an increase of 1.55% [1] Lithium Ore - The average price of lithium spodumene concentrate (CIF China) (Li20: 5.5% - 6%) is 2,185 yuan, with a daily increase of 25 yuan; lithium mica (Li20: 1.5% - 2.0%) is 3,360 yuan; lithium mica (Li20: 2.0% - 2.5%) is 4,960 yuan; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 12,725 yuan; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 13,825 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power - type) is 55,475 yuan, with a daily increase of 365 yuan; the average price of ternary material 811 (polycrystalline/power - type) is 212,300 yuan, with a daily increase of 300 yuan; the average price of ternary material 523 (single - crystal/power - type) is 184,750 yuan, with a daily increase of 500 yuan; the average price of ternary material 613 (single - crystal/power - type) is 186,250 yuan, with a daily increase of 400 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 2,680 yuan, with a change of 5,800 yuan; the price spread between the near - month and the first - continuous contract is 120 yuan, with a change of 420 yuan; the price spread between the near - month and the second - continuous contract is 860 yuan, with a change of 540 yuan [2] Inventory - The total inventory (weekly, tons) is 98,959 tons, with a decrease of 414 tons; the inventory of smelters (weekly, tons) is 16,292 tons, with a decrease of 1,184 tons; the inventory of downstream (weekly, tons) is 45,647 tons, with an increase of 1,890 tons; the inventory of others (weekly, tons) is 37,020 tons, with a decrease of 1,120 tons; the registered warehouse receipts (daily, tons) is 36,465 tons, with an increase of 77 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 156,013 yuan, and the profit is - 113 yuan; the cash cost of purchasing lithium mica concentrate externally is 149,352 yuan, and the profit is 3,019 yuan [3]