碳酸锂数据日报-20260327

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoint of the Report - The lithium carbonate futures price is under pressure from macro - hedging and slow inventory reduction, but is supported by demand. Due to the unclear macro situation, investors are advised to participate with caution [3] 3. Summary According to Relevant Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 156,500 yuan, with a change of 4,000 yuan; the average price of SMM industrial - grade lithium carbonate is 153,500 yuan, with a change of 4,000 yuan [1] - The closing prices and price changes of different lithium carbonate futures contracts are as follows: for lithium carbonate 2604, the closing price is 158,100 yuan, with a 0.11% increase; for lithium carbonate 2605, the closing price is 157,200 yuan, with a 0.64% decrease; for lithium carbonate 2606, the closing price is 156,820 yuan, with a 0.81% decrease; for lithium carbonate 2607, the closing price is 157,160 yuan, with a 0.63% decrease; for lithium carbonate 2608, the closing price is 157,520 yuan, with a 0.98% decrease [1] Lithium Ore - The average price of lithium spodumene concentrate (CIF China, Li20: 5.5% - 6%) is 2,210 yuan, with a change of 67 yuan; the average price of lithium mica (Li20: 1.5% - 2.0%) is 3,325 yuan, with a change of 150 yuan; the average price of lithium mica (Li20: 2.0% - 2.5%) is 4,800 yuan, with a change of 200 yuan; the average price of phospho - lithium - aluminum stone (Li20: 6% - 7%) is 12,800 yuan, with a change of 475 yuan; the average price of phospho - lithium - aluminum stone (Li20: 7% - 8%) is 14,000 yuan, with a change of 600 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 55,110 yuan, with a change of 970 yuan; the average price of ternary material 811 (polycrystalline/power type) is 210,750 yuan, with a change of 500 yuan; the average price of ternary material 523 (single - crystal/power type) is 183,750 yuan, with a change of 500 yuan; the average price of ternary material 613 (single - crystal/power type) is 185,900 yuan, with a change of 500 yuan [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 3,000 yuan; the price spread between battery - grade lithium carbonate and the main contract is - 700 yuan, with a change of 5,920 yuan; the price spread between the near - month and the first - continuous contract is 900 yuan, with a change of 1,280 yuan; the price spread between the near - month and the second - continuous contract is 1,280 yuan, with a change of 1,120 yuan [2] Inventory - The total weekly inventory is 99,489 tons, with a change of 616 tons; the weekly inventory of smelters is 17,332 tons, with a change of 724 tons; the weekly inventory of downstream enterprises is 46,657 tons, with a change of 552 tons; the weekly inventory of others is 35,500 tons, with a change of - 660 tons; the daily registered warehouse receipts are 30,751 tons, with a change of - 709 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 157,748 yuan, and the profit is - 3,259 yuan; the cash cost of purchasing lithium mica concentrate is 145,659 yuan, and the profit is 5,594 yuan [3] Industry News - The Delhi government in India plans to announce a new policy during the Delhi budget meeting next week, providing cash subsidies to individuals who scrap locally registered pre - BS IV (National IV) fuel vehicles and purchase electric vehicles to accelerate the electrification transformation and reduce the number of old, high - emission vehicles [3] Market Environment - Macroscopically, the situation between the US and Iran persists, and funds' hedging behavior creates upward pressure. Fundamentally, the new - energy vehicle data in February was lower than expected, but the energy - storage demand remains strong [3]