Report Industry Investment Rating - No relevant content provided Core Viewpoints of the Report - On July 14, 2025, the 2509 contract of lithium carbonate futures rose 3.71% to 66,480 yuan/ton. The average price of battery-grade lithium carbonate increased by 900 yuan/ton to 64,650 yuan/ton, and the average price of industrial-grade lithium carbonate also rose 900 yuan/ton to 63,050 yuan/ton. The price of battery-grade lithium hydroxide (coarse particles) remained at 57,420 yuan/ton. The warehouse receipt inventory decreased by 399 tons to 11,204 tons [3]. - Affected by the news from Yichun Natural Resources Bureau, market sentiment was influenced. In July, the production of lithium carbonate is expected to increase by 3.9% month-on-month to 81,150 tons, and the weekly production increased by 690 tons to 18,813 tons. The increase is mainly from lithium extraction from spodumene, followed by lithium extraction from mica. The exports of lithium salts from Chile were basically flat from May to June, and the overall imports of lithium carbonate in July are expected to change little month-on-month. In terms of demand, the production schedule in July increased slightly month-on-month, and the consumption of lithium carbonate by the two major main materials increased by 3% month-on-month to about 80,800 tons. The weekly inventory increased by 2,446 tons to 140,793 tons, with a significant increase in the intermediate links [3]. - The news hype affects market sentiment, the warehouse receipts remain at a low level, the transaction price of lithium ore has increased, lithium salt plants have announced shutdowns for maintenance and technological transformation, and there are many disturbances in the market news, which stimulate the price to rise in the short term. However, hedging pressure will follow. As of now, there are no signs of production cuts at the mine end, and the social inventory of lithium ore and lithium salt is relatively high. Attention can still be paid to short-selling opportunities after the sentiment turns. If the warehouse receipt inventory remains at a low level, it may hinder the smooth decline of the price, and the price may show a wide - range oscillation pattern [3] Summary by Relevant Catalogs 1. Daily Data Monitoring - Futures: The closing price of the main contract was 66,480 yuan/ton, up 2,200 yuan; the closing price of the continuous contract was 66,200 yuan/ton, up 3,280 yuan [5]. - Lithium Ore: The price of spodumene concentrate (6%, CIF China) was 682 US dollars/ton, up 8 US dollars; the price of lithium mica (Li2O: 1.5% - 2.0%) was 890 yuan/ton, up 60 yuan; the price of lithium mica (Li2O: 2.0% - 2.5%) was 1,450 yuan/ton, up 45 yuan; the price of amblygonite (Li2O: 6% - 7%) was 4,650 yuan/ton, up 85 yuan; the price of amblygonite (Li2O: 7% - 8%) was 5,500 yuan/ton, up 100 yuan [5]. - Lithium Carbonate: The price of battery-grade lithium carbonate (99.5% battery - grade/domestic) was 64,650 yuan/ton, up 900 yuan; the price of industrial - grade lithium carbonate (99.2% industrial zero - grade/domestic) was 63,050 yuan/ton, up 900 yuan [5]. - Lithium Hydroxide: The price of battery - grade lithium hydroxide (coarse particles/domestic) remained at 57,420 yuan/ton; the price of battery - grade lithium hydroxide (micropowder) remained at 62,570 yuan/ton; the price of industrial - grade lithium hydroxide (coarse particles/domestic) remained at 51,970 yuan/ton; the price of battery - grade lithium hydroxide (CIF China, Japan and South Korea) remained at 8 US dollars/kg [5]. - Lithium Hexafluorophosphate: The price of lithium hexafluorophosphate remained at 50,550 yuan/ton [5]. - Price Spreads: The price spread between battery - grade and industrial - grade lithium carbonate remained at 1,600 yuan/ton; the price spread between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased by 900 yuan to - 7,230 yuan; the difference between CIF China, Japan and South Korea battery - grade lithium hydroxide and SMM battery - grade lithium hydroxide increased by 13 yuan to - 227.2 yuan [5]. - Precursors & Cathode Materials: The price of ternary precursor 523 (polycrystalline/power type) remained at 75,405 yuan/ton; the price of ternary precursor 523 (single - crystal/consumer type) remained at 75,860 yuan/ton; the price of ternary precursor 622 (polycrystalline/consumer type) remained at 71,470 yuan/ton; the price of ternary precursor 811 (polycrystalline/power type) remained at 89,795 yuan/ton; the price of ternary material 523 (polycrystalline/consumer type) increased by 200 yuan to 106,360 yuan/ton; the price of ternary material 523 (single - crystal/power type) increased by 100 yuan to 115,255 yuan/ton; the price of ternary material 622 (polycrystalline/consumer type) remained at 111,070 yuan/ton; the price of ternary material 811 (power type) remained at 142,880 yuan/ton; the price of lithium iron phosphate (power type) increased by 220 yuan to 31,275 yuan/ton; the price of lithium iron phosphate (mid - to high - end energy storage) increased by 215 yuan to 29,845 yuan/ton; the price of lithium iron phosphate (low - end energy storage) increased by 210 yuan to 27,590 yuan/ton; the price of lithium manganate (power type) remained at 32,250 yuan/ton; the price of lithium manganate (capacity type) increased by 250 yuan to 29,250 yuan/ton; the price of cobalt acid lithium (60%, 4.35V/domestic) remained at 220,400 yuan/ton [5]. - Cells & Batteries: The price of 523 square ternary cells remained at 0.383 yuan/Wh; the price of 523 soft - pack ternary cells remained at 0.4 yuan/Wh; the price of 523 cylindrical ternary batteries increased by 0.01 yuan to 4.31 yuan/piece; the price of square lithium iron phosphate cells remained at 0.321 yuan/Wh; the price of square lithium iron phosphate cells (small power type) remained at 0.33 yuan/Wh; the price of cobalt acid lithium cells increased by 0.01 yuan to 5.52 yuan/Ah; the price of square lithium iron phosphate batteries increased by 0.001 yuan to 0.3 yuan/Wh [5] 2. Chart Analysis - Ore Prices: Charts show the price trends of spodumene concentrate (6%, CIF), lithium mica (1.5% - 2.0%), lithium mica (2.0% - 2.5%), and amblygonite (6% - 7%) from 2024 to 2025 [6][8] - Lithium and Lithium Salt Prices: Charts display the price trends of metallic lithium, battery - grade lithium carbonate average price, industrial - grade lithium carbonate average price, battery - grade lithium hydroxide price, industrial - grade lithium hydroxide price, and lithium hexafluorophosphate price from 2024 to 2025 [12][14][16] - Price Spreads: Charts present the price spreads between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade and industrial - grade lithium carbonate, CIF China, Japan and South Korea battery - grade lithium hydroxide and domestic battery - grade lithium hydroxide, battery - grade lithium carbonate (CIF Asia) and domestic battery - grade lithium carbonate, and the basis from 2024 to 2025 [19][20][21] - Precursors & Cathode Materials: Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, lithium manganate, and cobalt acid lithium from 2024 to 2025 [23][26][29] - Lithium Battery Prices: Charts display the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2025 [32][34] - Inventory: Charts show the inventory trends of downstream, smelters, and other links of lithium carbonate from November 2024 to July 2025 [37][39] - Production Costs: The chart shows the production profit trends of lithium carbonate from different raw materials such as外购三元极片黑粉 (Li: 5.5% - 6.5%),外购磷酸铁锂极片黑粉 (Li: 3.2% - 4.2%),外购锂云母精矿 (Li₂O: 2.5%), and外购锂辉石精矿 (Li₂O: 6%) from 2024 to 2025 [41][42]

Group 1 - The article presents a detailed distribution map of the global lithium battery industry, covering the entire supply chain from raw materials to end applications [2] - The distribution map includes major lithium battery industry clusters in regions such as China, North America, Europe, Japan, and Southeast Asia [2] Group 2 - The distribution map is available for free to those who share the article on their social media and contact the editor [3] - The distribution map is being dispatched in order of registration [4]

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - On July 8, 2025, the 2509 contract of lithium carbonate futures rose 0.69% to 63,880 yuan/ton. The average price of battery - grade lithium carbonate increased by 350 yuan/ton to 62,900 yuan/ton, and the average price of industrial - grade lithium carbonate increased by 350 yuan/ton to 61,300 yuan/ton. The price of battery - grade lithium hydroxide (coarse particles) decreased by 50 yuan/ton to 57,470 yuan/ton. The warehouse receipt inventory decreased by 2,900 tons to 12,655 tons [3]. - In July, the production is expected to increase by 3.9% month - on - month to 81,150 tons. However, due to the maintenance and technological transformation of some upstream enterprises, the weekly production has slowed down, and the expected production may be adjusted downward. In terms of imports, the exports of lithium salts from Chile were basically flat from May to June, and the overall import of lithium carbonate in July is expected to change little month - on - month. In the demand side, the production schedule in July increased slightly month - on - month, and the consumption of lithium carbonate by the two major main materials increased by 3% month - on - month to about 80,800 tons. In the inventory side, the weekly inventory continued to accumulate, and the current inventory of lithium salts + lithium ore is high, about 380,000 tons of LCE according to Steel Union data [3]. - Currently, the overall market sentiment has warmed up, the warehouse receipts are at a low level, the transaction price of lithium ore has increased, lithium salt plants have announced production suspension for maintenance and technological transformation, and there are many disturbances in the market news. In the short term, the market may still run strongly. However, in the future, hedging pressure will also follow. As of now, there are no signs of production suspension or reduction at the mine end, and the social inventory of lithium ore and lithium salts is high. Opportunities for short - selling after the sentiment turns can still be observed. If the warehouse receipt inventory remains at a low level, it may hinder the smooth price correction, and the price may show a wide - range shock pattern [3]. 3. Summary According to the Directory 3.1 Daily Data Monitoring - The prices of some lithium ores increased. For example, the price of lithium spodumene concentrate (6%, CIF China) increased by 4 dollars/ton to 658 dollars/ton, and the price of lithium mica (Li2O: 1.5% - 2.0%) increased by 25 yuan/ton to 800 yuan/ton [5]. - Among lithium salts, the prices of battery - grade and industrial - grade lithium carbonate increased by 350 yuan/ton, while the prices of various types of lithium hydroxide mostly decreased by 50 yuan/ton, and the price of lithium hexafluorophosphate remained unchanged [5]. - In terms of price differences, the price difference between battery - grade and industrial - grade lithium carbonate remained unchanged at 1,600 yuan/ton, while the price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased by 400 yuan/ton to - 5,430 yuan/ton [5]. - The prices of some cathode materials and precursors changed slightly. For example, the prices of some ternary precursors remained unchanged, while the prices of some ternary materials and lithium iron phosphate increased slightly, and the price of cobalt acid lithium remained unchanged [5]. - The prices of lithium batteries remained stable, with no change in the prices of various types of lithium battery cells and batteries [5]. 3.2 Chart Analysis 3.2.1 Ore Prices - The report presents charts of the prices of lithium spodumene concentrate (6%, CIF), lithium mica with different Li2O contents over time from 2024 to 2025 [6][7][8] 3.2.2 Lithium and Lithium Salt Prices - Charts show the price trends of metal lithium, battery - grade and industrial - grade lithium carbonate, battery - grade and industrial - grade lithium hydroxide, and lithium hexafluorophosphate from 2024 to 2025 [12][13][14] 3.2.3 Price Differences - Charts display the price differences between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade and industrial - grade lithium carbonate, and other relevant price differences from 2024 to 2025, as well as the basis [19][20][21] 3.2.4 Precursors and Cathode Materials - Charts show the price trends of ternary precursors and ternary materials from 2024 to 2025, as well as the prices of lithium iron phosphate, manganese acid lithium, and cobalt acid lithium [23][24][26] 3.2.5 Lithium Battery Prices - Charts present the price trends of 523 square ternary battery cells, square lithium iron phosphate battery cells, cobalt acid lithium battery cells, and square lithium iron phosphate batteries from 2024 to 2025 [31][32][33] 3.2.6 Inventory - Charts show the weekly inventory trends of downstream, smelters, and other links of lithium carbonate from November 2024 to July 2025 [36][37][38] 3.2.7 Production Costs - The chart shows the production profit trends of lithium carbonate from different raw materials such as purchased ternary pole piece black powder, lithium iron phosphate pole piece black powder, lithium mica concentrate, and lithium spodumene concentrate from 2024 to 2025 [40][41] 3.3 Research Team Introduction - The research team includes Zhan Dapeng, Wang Heng, and Zhu Xi, who have rich experience in non - ferrous and new energy research, and have obtained relevant professional qualifications and honors [44][45][46]

请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 碳酸锂日报 碳酸锂日报（2025 年 7 月 4 日） 一、研究观点 点 评 1. 昨日碳酸锂期货 2509 合约涨 0.91%至 64080 元/吨。现货价格方面，电池级碳酸锂平均价上涨 450 元/吨至 62100 元/吨，工业级碳酸锂平均价上涨 450 元/吨至 60500 元/吨，电池级氢氧化锂（粗颗 粒）下跌 50 元/吨至 57620 元/吨。仓单方面，昨日仓单库存减少 300 吨至 22880 吨。 2. 供应端，周度碳酸锂产量环比减少 644 吨至 18123 吨，其中锂辉石减少 483 吨，锂云母减少 457 吨； 据 SMM 显示 7 月碳酸锂产量环比增加 3.9%至 8.1 万吨，但近日上游减产消息扰动，后续或将下调 产量预期。需求端，据第三方排产数据来看，7 月预计磷酸铁锂产量环比增长 3%，三元材料产量环 比增长 1.3%。库存端，周度库存环比增加 1510 吨至 138347 吨，其中下游减少 138 吨至 40497 吨， 中间环节增加 1790 吨至 38960 吨，上游减少 142 吨至 58890 ...

碳酸锂日报 碳酸锂日报（2025 年 7 月 1 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2509 合约跌 0.77%至 62260 元/吨。现货价格方面，电池级碳酸锂平均价上涨 150 元/吨至 61300 元/吨，工业级碳酸锂平均价上涨 150 元/吨至 59700 元/吨，电池级氢氧化锂（粗颗 粒）下跌 150 元/吨至 57820 元/吨。仓单方面，昨日仓单库存增加 630 吨至 22628 吨。 2. 供应端，周度碳酸锂产量环比增加 305 吨至 18767 吨，其中云母增量相对明显，6 月碳酸锂产量环 比增加超 9%。需求端，周度库存周转天数均有增加，磷酸铁锂相对增加明显，据富宝样本企业排 产，三元材料环比有所增加，磷酸铁锂环比小幅下降。库存端，周度库存环比增加 1936 吨至 136837 吨，其中下游增加 269 吨至 40635 吨，中间环节增加 1260 吨至 37170 吨，上游增加 407 吨至 59032 吨。 3. 上周锂矿成交价格小幅上涨，锂盐厂宣布停产检修及技改，叠加市场消息面扰动较多，但当前 ...

碳酸锂日报 碳酸锂日报（2025 年 6 月 27 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2509 合约涨 1.15%至 61500 元/吨。现货价格方面，电池级碳酸锂平均价上涨 400 元/吨至 60600 元/吨，工业级碳酸锂平均价上涨 400 元/吨至 59000 元/吨，电池级氢氧化锂（粗颗 粒）下跌 200 元/吨至 58070 元/吨。仓单方面，昨日仓单库存增加 220 吨至 22590 吨。 2. 供应端，周度碳酸锂产量环比增加 305 吨至 18767 吨，其中云母增量相对明显，6 月碳酸锂产量环 比增加超 9%。需求端，周度库存周转天数均有增加，磷酸铁锂相对增加明显，6 月两大正极材料消 耗碳酸锂环比下降 10%。库存端，周度库存环比增加 1936 吨至 136837 吨，其中下游增加 269 吨至 40635 吨，中间环节增加 1260 吨至 37170 吨，上游增加 407 吨至 59032 吨。 3. 当前价格水平基本处在阶段性底部位置，从锂矿价格 600-610 美金来看短期仍有支撑，但是基本面 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On June 25, 2025, the 2509 contract of lithium carbonate futures rose 0.96% to 60,880 yuan/ton. The average price of battery - grade lithium carbonate increased by 300 yuan/ton to 60,200 yuan/ton, and the average price of industrial - grade lithium carbonate increased by 300 yuan/ton to 58,600 yuan/ton. The price of battery - grade lithium hydroxide (coarse particles) decreased by 300 yuan/ton to 58,270 yuan/ton. The warehouse receipt inventory decreased by 5 tons to 22,370 tons [3]. - On the supply side, the weekly output of lithium carbonate increased month - on - month, with a more than 9% increase in June. On the demand side, the weekly inventory turnover days increased, especially for lithium iron phosphate. In June, the consumption of lithium carbonate by the two major cathode materials decreased by 10% month - on - month. On the inventory side, the weekly inventory increased by 1,352 tons to 134,901 tons. Among them, the downstream inventory decreased by 320 tons to 40,366 tons, the intermediate link inventory increased by 700 tons to 35,910 tons, and the upstream inventory increased by 972 tons to 58,625 tons. The combined inventory of lithium carbonate and lithium ore reached about 3.5 months [3]. - The current price level is basically at a phased bottom. The lithium ore price of 600 - 610 US dollars provides short - term support, but there is no inflection point in the fundamentals yet, and market sentiment remains bearish. In the short term, it is still necessary to be vigilant about the position of the 07 contract [3]. 3. Summary According to the Directory 3.1 Daily Data Monitoring - Futures: The closing price of the main contract was 60,880 yuan/ton, up 180 yuan from the previous day; the closing price of the continuous contract was 61,180 yuan/ton, up 160 yuan [5]. - Lithium ore: The price of lithium spodumene concentrate (6%, CIF China) was 619 US dollars/ton, up 2 US dollars; the price of lithium mica (Li2O: 1.5% - 2.0%) was 685 yuan/ton, up 20 yuan; the price of lithium mica (Li2O: 2.0% - 2.5%) was 1,210 yuan/ton, up 20 yuan; the price of lithiophilite (Li2O: 6% - 7%) was 4,875 yuan/ton, down 350 yuan; the price of lithiophilite (Li2O: 7% - 8%) was 5,725 yuan/ton, down 350 yuan [5]. - Lithium carbonate: The price of battery - grade lithium carbonate (99.5% battery - grade/domestic) was 60,200 yuan/ton, up 300 yuan; the price of industrial - grade lithium carbonate (99.2% industrial zero - grade/domestic) was 58,600 yuan/ton, up 300 yuan [5]. - Lithium hydroxide: The price of battery - grade lithium hydroxide (coarse particles/domestic) was 58,270 yuan/ton, down 300 yuan; the price of battery - grade lithium hydroxide (micropowder) was 63,420 yuan/ton, down 300 yuan; the price of industrial - grade lithium hydroxide (coarse particles/domestic) was 52,370 yuan/ton, down 200 yuan; the price of battery - grade lithium hydroxide (CIF China, Japan and South Korea) was 8.13 US dollars/kg, down 0.02 US dollars [5]. - Lithium hexafluorophosphate: The price was 51,700 yuan/ton, unchanged [5]. - Price differences: The price difference between battery - grade lithium carbonate and industrial - grade lithium carbonate was 1,600 yuan/ton, unchanged; the price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate was - 1,930 yuan/ton, down 600 yuan; CIF China, Japan and South Korea battery - grade lithium hydroxide - SMM battery - grade lithium hydroxide was - 3.92 yuan/ton, up 166 yuan [5]. - Precursor & cathode materials: The prices of some products such as ternary precursor 523, ternary material 523, and lithium iron phosphate changed slightly, with the price of cobalt acid lithium (60%, 4.35V/domestic) up 1,500 yuan/ton to 218,350 yuan/ton [5]. - Cells & batteries: The prices of some products such as 523 square ternary cells, square lithium iron phosphate cells, and cobalt acid lithium cells changed slightly [5]. 3.2 Chart Analysis - Ore prices: Charts show the price trends of lithium spodumene concentrate (6%, CIF), lithium mica (1.5% - 2.0%), lithium mica (2.0% - 2.5%), and lithiophilite (6% - 7%) from 2024 to 2025 [6][8]. - Lithium and lithium salt prices: Charts show the price trends of metal lithium, battery - grade lithium carbonate average price, industrial - grade lithium carbonate average price, battery - grade lithium hydroxide price, industrial - grade lithium hydroxide price, and lithium hexafluorophosphate price from 2024 to 2025 [9][11][13]. - Price differences: Charts show the price differences between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade lithium carbonate and industrial - grade lithium carbonate, CIF China, Japan and South Korea battery - grade lithium hydroxide - battery - grade lithium hydroxide, battery - grade lithium carbonate (CIF Asia) - domestic, and basis from 2024 to 2025 [16][18][19]. - Precursor & cathode materials: Charts show the price trends of ternary precursors and ternary materials, lithium iron phosphate, manganese acid lithium, and cobalt acid lithium from 2024 to 2025 [21][24][27]. - Lithium battery prices: Charts show the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2025 [30][32]. - Inventory: Charts show the inventory trends of downstream, smelters, and other links from October 31, 2024, to June 19, 2025 [35][37]. - Production cost: A chart shows the production profit trends of lithium carbonate from different raw materials such as purchased ternary pole piece black powder, purchased lithium iron phosphate pole piece black powder, purchased lithium mica concentrate, and purchased lithium spodumene concentrate from 2024 to 2025 [39][40].

碳酸锂日报 碳酸锂日报（2025 年 6 月 24 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2509 合约跌 0.77%至 59120 元/吨。现货价格方面，电池级碳酸锂平均价下跌 450 元/吨至 59950 元/吨，工业级碳酸锂平均价下跌 450 元/吨至 58350 元/吨，电池级氢氧化锂（粗颗 粒）下跌 250 元/吨至 58770 元/吨。仓单方面，昨日仓单库存减少 1014 吨至 26779 吨。 2. 供应端，周度碳酸锂产量环比有增，6 月碳酸锂产量环比增加超 9%。需求端，周度库存周转天数均 有增加，磷酸铁锂相对增加明显，6 月两大正极材料消耗碳酸锂环比下降 10%。库存端，社会总库 存延续增加，碳酸锂总库存周转天数上升至 2 个月左右，同时，锂矿库存环比小幅增加，6 月正值 财报披露季，海外发运量亦有增加，目前整体锂矿+锂盐库存水平达到 3.5 个月左右，库存压力较 大。 3. 当前价格水平基本处在阶段性底部位置，从锂矿价格 600-610 美金来看短期仍有支撑，但是基本面 仍未有拐点出现，市场情绪仍然偏空 ...

碳酸锂日报 碳酸锂日报（2025 年 6 月 19 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 碳酸锂日报 二、日度数据监测 | | | 锂电产业链产品价格 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 指 标 | 单 位 | 2025-06-18 2025-06-17 | | 涨 跌 | | | 期 货 | 主力合约收盘价 | 元/吨 | 59880 | 59860 | 20 | | | | 连续合约收盘价 | 元/吨 | 60480 | 60220 | 260 | | | | 锂辉石精矿(6%,CIF中国) | 美元/吨 | 622 | 622 | 0 | | | | 锂云母（Li2O:1.5%-2.0%） | 元/吨 | 695 | 695 | 0 | | | 锂 矿 | 锂云母（Li2O:2.0%-2.5%） | 元/吨 | 1225 | 1225 | 0 | | | | 磷锂铝石（Li2O:6%-7%） | 元/吨 | 5660 | 5660 | 0 | | | | ...

碳酸锂日报 碳酸锂日报（2025 年 6 月 18 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2509 合约涨 0.74%至 59869 元/吨。现货价格方面，电池级碳酸锂平均价跌 50 元/ 吨至 60450 元/吨，工业级碳酸锂平均价跌 50 元/吨至 58850 元/吨，电池级氢氧化锂（粗颗粒）下 跌 280 元/吨至 59670 元/吨，电池级氢氧化锂（微粉）跌 280 元/吨至 64820 元/吨。仓单方面，昨 日仓单库存减少 330 吨至 31713 吨。 2. 供应端，周度产量环比增加，6 月产量供应环比增速明显。需求端，碳酸锂实际消耗量环比小幅增 加。库存端，周度库存重回增加，下游小幅减少，上游和中间环节有所增加。综合来看，需要考虑 的是，一方面，当前矿山端并未有新的停减产动作，同时，从国内排产来看，6 月过剩格局将进一 步扩大；另一方面，锂矿的价格表现相对滞后，如果锂盐价格快速走强，生产和套保动力将再次显 现，对价格进一步产生压力。 3. 当前价格水平基本处在阶段性底部区间，多空博弈加剧，价格可能会受到资金扰 ...