碳酸锂行情日报：雪中悍刀行，烽火戏诸侯

Market Overview - As of January 9, the spot settlement guidance price for battery-grade lithium carbonate (99.5%) is 142,000 CNY/ton, unchanged from the previous working day, while some traders have slightly raised their quotes [1] - The settlement guidance price for battery-grade lithium hydroxide (56.5% coarse particles) is 120,000 CNY/ton, also unchanged from the previous working day [1] - On the futures market, lithium carbonate futures opened lower but closed higher, with the main contract price at 143,420 CNY/ton, an increase of 20 CNY from the previous day, although the position volume has decreased [1] Price Trends - The January 9 prices for various lithium products are as follows: - Lithium concentrate: 1,920 CNY/ton, up 20 CNY from January 8 - Battery-grade lithium carbonate: 142,000 CNY/ton, unchanged - Lithium hydroxide: 120,000 CNY/ton, unchanged - Lithium iron phosphate: 5.08 CNY/kg, unchanged - Ternary materials: 18 CNY/kg, unchanged [2] Market Sentiment - The sentiment index for the lithium carbonate market is at 53.6, indicating a generally optimistic outlook, although it has slightly declined from earlier in the week [5] - Some downstream companies believe that 150,000 CNY/ton is a peak price, and a price correction is expected, while others remain confident in the upward trend despite inventory increases [5] Industry Developments - Rio Tinto, the world's third-largest lithium miner, is reportedly in talks with Glencore regarding a potential merger that could involve part or all of their businesses [7] - Tianqi Lithium has announced an increase in its commodity futures hedging business limit to no more than 300 million CNY [7] - The total bidding scale for energy storage in 2025 is projected to be 447.5 GWh, a year-on-year increase of 113.2%, with non-collective procurement projects expected to reach 371.7 GWh, up 179.9% year-on-year [7] Market Outlook - The lithium carbonate market is at a crossroads, with manufacturers debating whether to hold their positions or reduce production. The impact of other commodity price adjustments and the recent inventory increases on market sentiment remains to be seen [8] - The short-term outlook for the lithium carbonate market is expected to remain strong with fluctuations [8]