碳酸锂数据日报-20260320

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The price of lithium carbonate futures has obvious upward pressure and downward support. The upward pressure mainly comes from the continuous escalation of the US - Iran situation, which triggers the market's re - inflation expectation and risk - aversion sentiment. The downward support is due to the strong demand. The production schedules of battery factories in April and May have been rising month - on - month, driving the release of the purchasing demand for lithium carbonate. In the short term, due to the unclear macro - situation, investors are advised to participate with caution [3] 3. Summary According to Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 152,500 yuan, a decrease of 3,000 yuan; SMM industrial - grade lithium carbonate has an average price of 149,500 yuan, a decrease of 3,000 yuan [1] Lithium Futures Contracts - The closing price of lithium carbonate 2611 is 140,880 yuan, with a decline of 7.05%; lithium carbonate 2612 is 142,780 yuan, with a decline of 5.54%; lithium carbonate 2701 is 142,240 yuan, with a decline of 7.04%; lithium carbonate 2702 is 148,940 yuan, with a decline of 0.52%; lithium carbonate 2703 is 147,120 yuan, with a decline of 2.89% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has an average price of 2,100 yuan, a decrease of 57 yuan; lithium mica (Li20: 1.5% - 2.0%) is 3,130 yuan, a decrease of 95 yuan; lithium mica (Li20: 2.0% - 2.5%) is 4,625 yuan, a decrease of 175 yuan; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 12,300 yuan, a decrease of 250 yuan; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 13,350 yuan, a decrease of 275 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 54,140 yuan, a decrease of 730 yuan; the average price of ternary material 811 (polycrystalline/power type) is 210,550 yuan, a decrease of 1,250 yuan; the average price of ternary material 523 (single - crystal/power type) is 183,250 yuan, a decrease of 700 yuan; the average price of ternary material 613 (single - crystal/power type) is 184,900 yuan, a decrease of 750 yuan [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 3,000 yuan, with no change; the price spread between battery - grade lithium carbonate and the main contract is 9,900 yuan, an increase of 4,520 yuan; the price spread between the near - month and the first - continuous contract is - 680 yuan, a decrease of 440 yuan; the price spread between the near - month and the second - continuous contract is - 500 yuan, a decrease of 340 yuan [2] Inventory - The total inventory (weekly, tons) is 98,873 tons, a decrease of 86 tons; the inventory of smelters (weekly, tons) is 16,608 tons, an increase of 316 tons; the inventory of downstream (weekly, tons) is 46,105 tons, an increase of 458 tons; the inventory of others (weekly, tons) is 36,160 tons, a decrease of 860 tons; the registered warehouse receipts (daily, tons) is 34,740 tons, a decrease of 1,029 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 150,779 yuan, and the profit is - 250 yuan; the cash cost of purchasing lithium mica concentrate is 141,044 yuan, and the profit is 6,289 yuan [3]