Report Industry Investment Rating No relevant information provided Core View The fundamental pattern of supply surplus in the lithium carbonate market remains unchanged. Although the futures market has rebounded in the short - term due to improved macro - sentiment and expectations of energy storage exports, the upside space is limited, and the spot trading volume is average [1][2] Summary by Related Content Market Analysis - On May 15, 2025, the main lithium carbonate contract 2507 opened at 64,680 yuan/ton and closed at 64,120 yuan/ton, a 0.83% decline from the previous settlement price. The trading volume was 230,077 lots, and the open interest was 289,360 lots, an increase of 12,404 lots from the previous day. The total open interest of all contracts was 480,821 lots, a decrease of 3,011 lots, and the total trading volume decreased by 194,070 lots. The overall speculation degree was 0.58. The lithium carbonate warehouse receipts decreased by 52 lots to 36,664 lots [1] - According to SMM data, on May 15, 2025, the price of battery - grade lithium carbonate was 63,800 - 65,800 yuan/ton, and the price of industrial - grade lithium carbonate was 62,650 - 63,650 yuan/ton, both up 100 yuan/ton from the previous day. Some lithium salt enterprises have carried out maintenance or production cuts, with the weekly output decreasing by 1,115 tons to 16,600 tons, but the production cut is less than expected, and the output is still at a high level [1] - The latest inventory is 131,920 tons, a slight increase of 351 tons from the previous period, with a significant increase in lithium salt factory inventories [2] Strategy - Unilateral: Range trading, sell - hedging on rallies - Options: Sell out - of - the - money call options or use bear - spread options [3]

2025 年 5 月 7 日 碳酸锂：供需过剩延续，偏弱格局或难改 | | 邵婉嫕 | | 投资咨询从业资格号：Z0015722 | | shaowanyi@gtht.com | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 刘鸿儒（联系人） 期货从业资格号：F03124172 | | | liuhongru@gtht.com | | | | 【基本面跟踪】 | | | | | | | | | 碳酸锂基本面数据 | | | | | | | | | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | 2507合约（收盘价） | | 65,260 | -700 | -3,040 | -5,200 | -9,100 | -15,480 | | 2507合约（成交量） | | 103,979 | -10,559 | -405 | 55,617 | 84,168 | 97,601 | | 2507合约（持仓量） | | 256,291 | 11,562 | 43,835 | 114,914 | 187,593 | ...

新能源及有色金属日报 | 2025-04-29 消费预期仍较弱，碳酸锂继续探底 市场分析 2025年4月28日，碳酸锂主力合约2505开于68080元/吨，收于66960元/吨，当日收盘价较昨日结算价收跌2.07%。当 日成交量为145735手，持仓量为246197手，较前一交易日增加28827手，根据SMM现货报价，目前期货贴水电碳1890 元/吨。所有合约总持仓393166手，较前一交易日减少3011手。当日合约总成交量较前一交易日增加42206手，成交 量增加，整体投机度为0.49 。当日碳酸锂仓单32847手，较上个交易日增加1052手。 碳酸锂现货：根据SMM数据，2025年4月28日电池级碳酸锂报价6.74-7.03万元/吨，较前一交易日下跌0.095万元/吨， 工业级碳酸锂报价6.665-6.755万元/吨，较前一交易日下跌0.095万元/吨。部分锂盐企业陆续检修或减产，周度产量 环比继续小幅下降，但整体来看，减产力度不及预期，碳酸锂产量仍处于高位，减产难以对供需过剩格局造成实 质性改变。碳酸锂现货成交价格重心大幅下移。由于当前下游材料厂五一节前备库已结束，采购意愿较为薄弱； 叠加后续需求难达此 ...