回溯过往，碳酸锂期货主力合约上一次站在10万元/吨上方，是去年的6月11日。今年6月23日，该合约触及5.84万元/吨的阶段低点，此后 开始反弹，至今日早盘结束，碳酸锂主连已累计大涨65.63%。 期货市场强势的同时，碳酸锂现货市场亦是"一天一个价"。 上海钢联数据显示，11月19日，MMLC电池级碳酸锂主流价97550元/吨，较 11月18日的94050元/吨上涨3500元/吨，11月18日较17日上涨3700元/吨。若将时间线拉长至全年，碳酸锂价格的反弹力度更为明显，6 月时电池级碳酸锂价格曾触及5.99万元/吨的年内低点，至11月中旬，这一价格已累计上涨56%。 对于此轮碳酸锂价格的上涨逻辑，李嘉宁对财联社记者表示，碳酸锂期货的上涨驱动因素主要是基本面偏强， "年底需求端维持旺季态势， 储能需求保持坚挺，碳酸锂耗用量逐月环增。供给端虽每个月都有小幅增量，但因枧下窝迟迟未实现复产，供给端增速没有跟上需求增速， 预计国内碳酸锂每个月去库一万多吨。" 数据显示，10月碳酸锂月度库存84234吨，本周SMM周度库存120472吨，其中冶炼厂库存28270吨，正极厂48772吨，电池及贸易商 43430吨，全产业 ...

:期货有限公司 Futures Company Limited 需求预期强劲,碳酸锂价格持续攀升 中信期货研究所 有色与新材料团队 最新动态及原因 投资咨询业务资格:证监许 可【2012】669号 总结及策略 龄缶而言，破旋担当前供需持续损紧，且市场时明年碳酸锂需求预期保持乐观，推动碳酸锂价格持续上涨。策略上、在线需求预期可好的背景下贴封扇移贸。若受复产等因素颜出四切 价格回调,逢低吸纳更为稳妥。 风险提示 风险因素:需求超预期释放;锂矿项目投产不及预期;政策变动 研究员: | 郑非凡 从业资格号:F03088415 | 投资咨询号:Z0016667 | 白 帅 | | --- | --- | --- | | 杨 飞 从业资格号:F03108013 | 投资咨询号:Z0021455 | 王雨欣 | | 王美丹 从业资格号:F03141853 | 投资咨询号:Z0022534 | 桂 伶 | | 张 远 从业资格号:F03147334 | 投资咨询号:Z0022750 | | 童要混示. 本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。我可不会因为关注、收到就阅读本报告 ...

11月19日，A股三大指数冲高回落。截至收盘，沪指涨0.18%，创业板指涨0.25%。市场总成交额1.74万亿，全市场超4100只个股下跌。 板块方面，贵金属、军工、养殖业等板块涨幅居前，海南、燃气、影视院线等板块跌幅居前。 水产板块午后全面爆发，多只核心个股拉升并封死涨停，成为当日资本市场中最受瞩目的板块之一。国联水产（300094）午后开盘即封死20%涨停板，獐 子岛（002069）、大湖股份（600257）、中水渔业（000798）、开创国际（600097）等多只水产股亦同步涨停。 锂电板块同步走强，板块内多只个股表现亮眼。金圆股份（000546）强势涨停，融捷股份（002192）、永杉锂业（603399）、盐湖股份（000792）、天齐 锂业（002466）、赣锋锂业（002460）也纷纷跟涨，板块整体呈现普涨态势，与期货市场形成共振。 消息面上，11月19日，碳酸锂期货市场迎来重磅行情，主力合约盘中突破10万元/吨关口，这是自2024年6月以来的首次突破，日内涨幅一度逼近6%。 对于此次碳酸锂价格的大幅上涨，中信建投（601066）期货分析师张维鑫向21财经·南财快讯记者分析称，当前市场交易逻辑围绕 ...

每经AI快讯，11月19日，据上海钢联发布数据显示，今日电池级碳酸锂（早盘）中间价较前一日上涨 2800元，报96850元/吨。 ...

2025.11.17 本文字数：1069，阅读时长大约2分钟 作者 |第一财经 李隽 宁德时代（300750.SZ，03750.HK）11月17日晚间公告称，根据2025年11月17日询价申购情况，初步确 定的本次询价转让价格为376.12元/股，拟转让股份已获全额认购，初步确定受让方为16家机构投资 者，拟受让股份总数为4563.24万股。 以此计算，宁德时代第三大股东黄世霖套现金额将超过171亿元。17日宁德时代股价跌3.3%，报收 390.78元。 公告称，本次询价转让为非公开转让，不通过集中竞价交易或大宗交易方式进行，不属于通过二级市场 减持。受让方通过询价转让受让的股份，在受让后6个月内不得转让。本次询价转让收到有效报价单共 55份，涵盖基金管理公司、合格境外机构投资者、保险公司、证券公司、私募基金管理人等专业机构投 资者。参与本次询价转让报价的机构投资者合计有效认购股份数量为1.465亿股，对应的有效认购倍数 为3.2倍。 有公募基金人士向第一财经记者表示，今天询价的时候，就知道其实底价并不是七折或者八折那么低， 从结果来看定价并不算低，宁德时代依然是很优质的资产。 11月14日的公告当中，宁德时 ...

作者 | 第一财经 李隽 宁德时代（300750.SZ，03750.HK）11月17日晚间公告称，根据2025年11月17日询价申购情况， 初步确定的本次询价转让价格为376.12元/股，拟转让股份已获全额认购，初步确定受让方为16家机 构投资者，拟受让股份总数为4563.24万股。 2025.11. 17 本文字数：1069，阅读时长大约2分钟 以此计算，宁德时代第三大股东黄世霖套现金额将超过171亿元。17日宁德时代股价跌3.3%，报收 390.78元。 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 这并非黄世霖首次减持，2022年1月11日到6月1日，黄世霖就已经通过大宗交易方式多次减持宁德 时代，按照前复权价格计算，2022年上半年宁德时代股价在180元到330元之间波动。 此外，宁德时代近50%的H股IPO基石投资者锁定股份将于2025年11月20日起解禁（上市半年 后），合共大约7750万股，市值超过400亿港元 ...

Core Viewpoint - The recent surge in lithium carbonate prices is primarily driven by unexpected growth in energy storage demand, indicating a strong market trend in the energy storage industry [3][7]. Group 1: Lithium Carbonate Price Trends - As of November 10, the price of battery-grade lithium carbonate increased by 3,050 CNY/ton, averaging 83,900 CNY/ton, with the main contract rising over 7%, reaching a three-month high [2]. - From mid-October, the average price of battery-grade lithium carbonate rebounded from 73,000 CNY/ton on October 15 to 81,000 CNY/ton on November 3, before slightly decreasing and then rising again to 80,750 CNY/ton on November 10, reflecting a month-on-month increase of 350 CNY/ton [4]. Group 2: Energy Storage Demand and Supply Dynamics - The current price rebound is attributed to strong demand from the new energy vehicle battery sector and the energy storage market, alongside expectations of supply tightening due to winter production cuts in salt lakes and ongoing inventory depletion [7]. - Morgan Stanley has raised its forecast for energy storage battery production for the fiscal years 2025 and 2026 by 50% and 43%, respectively, predicting a shift to a "shortage scenario" for medium to long-term energy storage demand, with expected shipments reaching 1,630 GWh by 2030 [7]. Group 3: Energy Storage Cell Pricing - The prices for 314Ah and 280Ah energy storage cells remain high, with the average price for 314Ah cells in October at 0.3076 CNY/Wh, a 0.39% increase from September, and stabilizing around 0.308 CNY/Wh in November [7]. - The 280Ah energy storage cell prices have remained stable between 0.274 and 0.332 CNY/Wh, averaging 0.303 CNY/Wh [7]. Group 4: Energy Storage System Pricing - The average price for centralized energy storage PCS (1752kW) has remained stable since August 29, with a range of 0.062 to 0.069 CNY/W and an average of 0.0666 CNY/W [11]. - The average bid price for 2-hour energy storage systems in October was 0.5767 CNY/Wh, a month-on-month increase of 7.19%, while the 4-hour systems saw an 18.44% increase to 0.6017 CNY/Wh, driven by multiple project bids [20]. Group 5: Cost Pressures and Market Dynamics - Energy storage system integrators are facing upward cost pressures, with cell prices rising by 0.04 to 0.05 CNY/Wh since late 2024, although leading integrators have managed to limit price increases through long-term procurement strategies [21]. - The average price for commercial energy storage cabinets decreased slightly from 0.65 CNY/Wh in September to 0.63 CNY/Wh in October, reflecting increased competition and a shift in investment strategies due to changes in provincial time-of-use pricing policies [23].

（责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每经AI快讯，11月7日，上海钢联发布的数据显示，今日电池级碳酸锂（早盘）价格较上日上涨 900元/吨，均价报80150元/吨。 每日经济新闻 ...

Group 1 - The A-share market opened with mixed performance on October 31, with the new energy sector experiencing a rally, particularly in the new energy vehicle ETF (515030), which rose by 1.9% [1] - Key stocks in the new energy vehicle ETF include Enjie, which hit the daily limit, along with other companies such as Xingyuan Material, Xinzhou Bang, Defang Nano, Hunan Youneng, Shangtai Technology, Duofluo, Zhongke Electric, and Tianci Materials [1] - Recent reports indicate a continuous rise in lithium carbonate prices, driven by strong overseas lithium mine pricing sentiment and limited available spot supply, leading to a strong holdback atmosphere [1] Group 2 - Downstream lithium salt manufacturers are maintaining a high purchasing willingness for raw materials due to good demand, resulting in active market trading [1] - The new energy vehicle ETF (515030) is currently the largest in the market, tracking the CSI New Energy Vehicle Index (399976) and includes stocks related to lithium batteries, charging piles, and new energy vehicles [1] - The top ten constituent stocks of the ETF include industry leaders such as CATL, BYD, Huayou Cobalt, Yiwei Lithium Energy, Ganfeng Lithium, and Tianqi Lithium, with battery weight accounting for 51.9% in the Shenwan secondary industry classification [1]

Report Overview - Report Type: Carbonate Lithium Futures Daily Report [1] - Date: October 31, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] 1. Report Industry Investment Rating - Not provided 2. Report's Core View - The carbonate lithium futures continued to rise, with total positions increasing by 36,888 to 912,869 hands. Although the afternoon rally narrowed due to increased market selling pressure after the China-US summit in Busan, the upward trend is expected to continue. The current strong demand in the carbonate lithium market drives inventory reduction, and price transmission is smooth, with the price increase being acceptable to the industry. Moreover, the weekly production of carbonate lithium decreased by 228 tons to 21,080 tons, and it is expected to decline further in November and December. The weekly inventory decreased by 3,008 tons to 127,358 tons, indicating an accelerating de-stocking process [9]. 3. Summary by Relevant Catalogs 3.1 Market Review and Operation Suggestions - **Futures Market**: Carbonate lithium futures rose, with total positions increasing by 36,888 to 912,869 hands. The afternoon rally narrowed due to market selling pressure after the China-US summit in Busan [9]. - **Spot Market**: The carbonate lithium spot price increased by 850 to 80,000, Australian ore rose by 30 to 985, lithium mica rose by 50 to 2,180, ternary materials rose by 100 - 300, lithium iron phosphate rose by 200 - 255, and electrolytes rose by 500 - 850, showing a continuous price increase in the industrial chain [9]. - **Production and Inventory**: Weekly carbonate lithium production decreased by 228 tons to 21,080 tons, mainly due to a 270 - ton decrease in the production of carbonate lithium from spodumene. It is expected that production will decline in November and December. Weekly inventory decreased by 3,008 tons to 127,358 tons, with an accelerating de - stocking speed [9]. 3.2 Industry News - **New宙邦**: On October 29, at the performance briefing, New宙邦 stated that since the third quarter of 2025, the electrolyte industry has gradually rebounded from the historical low in the first half of the year. The price transmission of hexafluorophosphate to electrolytes is gradually taking effect. As some customers still have annual or semi - annual long - term contracts, the fourth quarter is a price transition period, but new contracts will fully refer to the latest hexafluorophosphate price, and the transmission efficiency will further improve [13]. - **Nandu Power Supply (300068)**: On October 29, during an institutional survey, Nandu Power Supply said that with the strategic layout of countries for large - scale grid connection of renewable energy and improved energy security, the energy storage market is growing rapidly. The company currently has about 8.9 billion yuan in unshipped orders, including about 5.5 billion yuan in large - scale energy storage orders (4 billion yuan domestic and 1.5 billion yuan overseas), about 1.67 billion yuan in data center lithium - battery orders (all overseas), about 380 million yuan in unshipped orders for civilian lithium - battery products, about 470 million yuan in communication lithium - battery orders (with a small overseas proportion), and about 790 million yuan in lead - acid battery orders (mostly domestic). The company's overseas large - scale energy storage orders mainly come from countries and regions such as Australia, Europe, and the UK [13][14].