市场认为，此次碳酸锂期货涨跌停板幅度由9%调至11%，投机交易保证金由11%调至13%、套保交易保 证金由10%调至12%，本质上是交易所在当前价格波动较大背景下，对合约风险参数进行的"顺周期校 准"。 ◎李子健 记者 周亮 广州期货交易所发布通知，自1月21日结算时起，碳酸锂期货合约涨跌停板幅度调整为11%，投机交易 保证金标准调整为13%，套期保值交易保证金标准调整为12%。 上海证券报记者注意到，此前，广期所已针对碳酸锂期货出台系列风控措施，包括提高交易手续费标 准、降低交易限额、提高每次最小开仓下单数量等，旨在提高交易成本、限制日内开仓最大数量、增加 交易客户抗风险能力，以抑制市场热度、促进市场形成理性交易氛围。 1月20日，广期所相关负责人就碳酸锂期货合约相关调整回应上海证券报记者称，近期影响碳酸锂期货 运行的不确定性因素较多，碳酸锂价格波动有所增大，市场关注度较高。广期所始终坚持贯彻落实防风 险、强监管、促高质量发展工作要求，及时采取风控措施，确保市场平稳运行。 当前，碳酸锂期、现货价格同步快速上涨，期货市场波动偏大、多空博弈较激烈。在期、现货价格同步 波动的情况下，产业客户积极参与套期保值、对冲 ...

Core Viewpoint - The Dalian Commodity Exchange has announced adjustments to lithium carbonate futures contracts, including an increase in the price fluctuation limit to 11% and changes in margin requirements, aimed at stabilizing the market amid increased volatility and speculation [1][2]. Group 1: Market Adjustments - Starting from January 21, 2026, the fluctuation limit for lithium carbonate futures contracts will be adjusted to 11%, with speculative trading margin raised to 13% and hedging margin to 12% [1]. - The exchange has previously implemented a series of risk control measures, including increasing trading fees and lowering trading limits, to enhance trading costs and limit the maximum number of positions opened daily [1][2]. Group 2: Market Conditions - The price of lithium carbonate futures has seen significant fluctuations, rising from 121,580 yuan/ton to a peak of 174,060 yuan/ton by January 13, followed by a decline over four trading days [2]. - As of January 20, the main contract closed at 160,500 yuan/ton, reflecting an increase of 8.99% [2]. Group 3: Supply and Demand Dynamics - The recent volatility in lithium carbonate futures is characterized by a mismatch in supply and demand, driven by factors such as reduced export tax rebates and expectations of future cancellations, leading to a surge in short-term demand [3]. - Low inventory levels and production adjustments at various lithium processing facilities have contributed to price fluctuations within the emotional pricing range of 150,000 to 170,000 yuan [3]. Group 4: Regulatory Measures - The Dalian Commodity Exchange will closely monitor the lithium carbonate futures and spot markets, enhancing predictive measures and implementing targeted risk control as necessary [3]. - The exchange emphasizes strict regulatory oversight to maintain market order and promptly address any violations [3].

对于当前形势下，行业可能面临的风险，田庆军表示，2025年将是储能行业从高速增长转向高质量发展 的关键转折点。当前，行业仍需警惕非理性低价竞争带来的系统性风险。 他说："据我们了解，近三分之一的系统集成商正以低于成本的价格销售，这种恶性竞争模式已开始向 海外市场蔓延。这不仅严重威胁储能电站的安全与效益，更可能削弱中国企业在全球储能市场的领先地 位。"（刘丽丽） 9月29日消息，针对近期储能行业"一芯难求"的情况，远景高级副总裁、远景储能总裁田庆军表示，"一 芯难求"本质是供需两侧阶段性错配的结果。 田庆军谈到，今年以来，储能行业需求端表现超预期。从区域布局来看，全球呈现"主力引领、多点开 花"的态势。中、美、欧作为三大主力市场，伴随新能源渗透率提升与电力市场开放，仍将占据电芯出 货的主要份额。同时，亚太、中东、非洲等新兴区域需求快速起量，成为重要增长极。此外，供给端面 临代际切换。储能行业正处于从300+Ah向500+Ah及更大容量电芯升级的关键窗口期，主流多数厂商将 资源聚焦于下一代产品研发与产能建设，导致当前主流产品300+Ah电芯出现阶段性供应偏紧。 田庆军介绍，远景是行业最早一批量产300+Ah、50 ...