碳酸锂：10月需求超12万吨，明年增幅近30%

Core Viewpoint - The domestic lithium carbonate market is experiencing a rapid price increase due to rising costs, demand pull, and emotional factors, with futures prices approaching 95,000 [1] Group 1: Market Demand and Supply - In October, domestic lithium carbonate demand reached 120,000 tons, an 8% month-on-month increase, while inventory dropped below 120,000 tons, reducing available days from over 50 to less than 30 [2] - The lithium battery industry is projected to require 1.8 million tons of lithium resources (LCE equivalent) by 2026, representing a year-on-year growth of approximately 27% [3] Group 2: Price Trends and Market Sentiment - Major domestic lithium salt companies indicated that if lithium carbonate demand grows by 30% in 2026, prices could potentially exceed 150,000, which is a significant driver of current market sentiment [5] - Recent trends show a slight decrease in lithium carbonate warehouse receipts, while the ratio of virtual to actual transactions is steadily increasing, indicating potential delivery pressure in the future [6]