碳酸锂数据日报-20260401

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The lithium carbonate futures price may be supported in the short - term due to strong demand and tight supply, with social inventory continuously decreasing but at a slower pace. The macro situation of the US - Iran conflict also creates upward pressure on prices due to capital hedging [3] 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 163,000 yuan, a decrease of 1,500 yuan; SMM industrial - grade lithium carbonate has an average price of 159,500 yuan, a decrease of 1,500 yuan [1] - The closing prices of lithium carbonate futures contracts 2604, 2605, 2606, 2607, and 2608 are 158,040 yuan (-7.05%), 157,200 yuan (-7.97%), 157,000 yuan (-8.07%), 157,400 yuan (-8.01%), and 157,240 yuan (-8.15%) respectively [1] Lithium Ore - The average price of lithium spodumene concentrate (CIF China) (Li20: 5.5% - 6%) is 2,313 yuan, with no change [1] - The average prices of lithium mica (Li20: 1.5% - 2.0%), lithium mica (Li20: 2.0% - 2.5%), phospho - lithium - aluminum stone (Li20: 6% - 7%), and phospho - lithium - aluminum stone (Li20: 7% - 8%) are 3,575 yuan, 5,225 yuan, 13,750 yuan, and 15,000 yuan respectively [2] Cathode Materials - The average price of lithium iron phosphate (power type) is 56,940 yuan, a decrease of 360 yuan; the average price of ternary material 811 (polycrystalline/power type) is 213,600 yuan, a decrease of 250 yuan; the average price of ternary material 523 (single - crystal/power type) is 186,750 yuan, a decrease of 500 yuan; the average price of ternary material 613 (single - crystal/power type) is 189,000 yuan, a decrease of 300 yuan [2] Price Spreads - The price difference between battery - grade and industrial - grade lithium carbonate is 3,500 yuan, with no change; the price difference between battery - grade lithium carbonate and the main contract is 5,800 yuan, an increase of 12,920 yuan; the price difference between the near - month and the first - continuous contract is 840 yuan, an increase of 2,400 yuan; the price difference between the near - month and the second - continuous contract is 1,040 yuan, an increase of 2,120 yuan [2] Inventory - The total inventory (weekly, tons) is 99,489 tons, an increase of 616 tons; the smelter inventory (weekly, tons) is 17,332 tons, an increase of 724 tons; the downstream inventory (weekly, tons) is 46,657 tons, an increase of 552 tons; the other inventory (weekly, tons) is 35,500 tons, a decrease of 660 tons; the registered warehouse receipts (daily, tons) is 11,318 tons, a decrease of 19,746 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 164,417 yuan, and the profit is - 3,567 yuan; the cash cost of purchasing lithium mica concentrate is 155,467 yuan, and the profit is 1,803 yuan [3] Industry News - The Delhi government in India plans to introduce a subsidy policy for scrapping old cars and purchasing new electric vehicles during the Delhi budget meeting next week to promote electrification and reduce the number of old, high - emission vehicles [3]