碳酸锂产业日报-20260331

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoint of the Report - The lithium carbonate market is in a stage where supply is increasing and demand is expected to improve. It is recommended to conduct light - position oscillatory trading and control risks by paying attention to trading rhythm [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 157,200 yuan/ton, a decrease of 14,420 yuan; the net position of the top 20 is - 129,844 hands, a decrease of 6,862 hands; the position of the main contract is 217,916 hands, a decrease of 19,845 hands; the spread between near - and far - month contracts is 640 yuan/ton, an increase of 2,280 yuan; the Guangzhou Futures Exchange warehouse receipt is 11,318 hands/ton, a decrease of 19,746 hands [2] 3.2 Spot Market - The average price of battery - grade lithium carbonate is 163,000 yuan/ton, a decrease of 1,500 yuan; the average price of industrial - grade lithium carbonate is 159,500 yuan/ton, a decrease of 1,500 yuan; the basis of the Li₂CO₃ main contract is 5,800 yuan/ton, an increase of 12,920 yuan [2] 3.3 Upstream Situation - The average price of spodumene concentrate (6% CIF China) is 2,420 US dollars/ton, an increase of 45 US dollars; the average price of amblygonite is 15,000 yuan/ton, with no change; the price of lepidolite (2 - 2.5%) is 5,225 yuan/ton, with no change [2] 3.4 Industry Situation - The monthly output of lithium carbonate is 53,520 tons, a decrease of 5,950 tons; the monthly import volume is 26,426.79 tons, a decrease of 431.27 tons; the monthly export volume is 596.08 tons, an increase of 124.52 tons; the monthly output of power batteries is 141,600 MWh, a decrease of 26,400 MWh; the monthly开工率 of lithium carbonate enterprises is 47%, a decrease of 5%; the price of lithium manganate is 54,500 yuan/ton, an increase of 500 yuan; the price of lithium hexafluorophosphate is 106,500 yuan/ton, with no change; the price of lithium cobaltate is 400,750 yuan/ton, with no change; the price of ternary material (811 type) in China is 202,500 yuan/ton, a decrease of 2,000 yuan; the price of ternary material (622 power type) in China is 182,500 yuan/ton, a decrease of 2,000 yuan [2] 3.5 Downstream and Application Situation - The price of ternary material (523 single - crystal type) in China is 198,500 yuan/ton, a decrease of 2,000 yuan; the monthly开工率 of ternary cathode materials is 45%, a decrease of 5%; the price of lithium iron phosphate is 59,800 yuan/ton, an increase of 650 yuan; the monthly开工率 of lithium iron phosphate cathodes is 55%, an increase of 1%; the monthly output of new energy vehicles is 694,000 vehicles, a decrease of 347,000 vehicles; the monthly sales volume is 765,000 vehicles, a decrease of 180,000 vehicles; the cumulative sales penetration rate of new energy vehicles is 41.18%, an increase of 0.90%; the cumulative sales volume is 1,710,000 vehicles, a decrease of 125,000 vehicles; the monthly export volume of new energy vehicles is 282,000 vehicles, a decrease of 20,000 vehicles; the cumulative export volume is 583,000 vehicles, an increase of 301,000 vehicles [2] 3.6 Industry News - The State Administration for Market Regulation issued a notice on further implementing the Anti - Unfair Competition Law of the People's Republic of China to comprehensively rectify "involution - style" competition in key industries such as platform economy, photovoltaic, lithium batteries, and new energy vehicles [2] - Cui Dongshu, the secretary - general of the Passenger Car Association, said that due to the low base in January 2025, the import of automobiles from January to February 2026 was 70,000 vehicles, a year - on - year increase of 25%. In February 2026, the import of cars was 32,000 vehicles, a year - on - year decrease of 12% and a month - on - month decrease of 17% from January [2] - The Ministry of Commerce will implement a special action to boost consumption, optimize the policy of trading in old consumer goods for new ones, promote the reform of automobile circulation and consumption, and implement a quality - improvement and people - benefiting action for service consumption [2] 3.7 Technical Analysis - On the 60 - minute MACD chart, the double lines are above the 0 - axis, and the green bars are expanding [2]