碳酸锂行情日报：节前惊蛰无声，节后飞驰人生？

Market Overview - As of February 4, the domestic lithium carbonate market is stable, with the battery-grade lithium carbonate (99.5%) spot settlement price at 151,500 CNY/ton, unchanged from the previous working day. There is an increase in downstream inquiries, and sellers are showing a reluctance to sell at lower prices [1] - The battery-grade lithium hydroxide (56.5% coarse particles) settlement price is also stable at 152,000 CNY/ton [1] - In the futures market, lithium carbonate futures prices have rebounded slightly, with the main contract closing at 147,220 CNY/ton, an increase of 1,920 CNY from the previous working day, and a slight recovery in open interest [1] ICC Lithium Battery Settlement Prices - As of February 4, the settlement prices for various lithium products are as follows: - Lithium concentrate: 2,030 CNY/ton - Battery-grade lithium carbonate (99.5%): 151,500 CNY/ton - Lithium hydroxide (56.5%): 152,000 CNY/ton - Lithium iron phosphate (power type): 5.24 CNY/kg - NCM materials: 20.65 CNY/kg - Prismatic energy storage cells (lithium iron phosphate): 0.375 CNY/Wh [2] Industry Focus - On February 3, Tianqi Lithium's board approved a proposal to selectively dispose of part of its equity in SQM, with a maximum of 3,565,970 shares (not exceeding 1.25% of SQM's total shares) [5] Company Insights - Current average price levels for energy storage cells suggest that second-tier companies can withstand lithium carbonate prices around 154,000 CNY [4] - Despite a general decline in lithium battery and cathode material production in February, this is largely within expectations. The reduction in lithium carbonate production is comparable to that of lithium iron phosphate, indicating that the tight balance in the market remains unchanged. Short-term upward momentum appears insufficient, while downward demand support is relatively strong. It is expected that lithium carbonate prices will continue to fluctuate between 140,000 and 160,000 CNY before the Spring Festival, with a focus on downstream companies' restocking after the holiday [6]