Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - The price of lithium carbonate is in a range - bound oscillation, with weekly production hitting a new high and inventory being depleted [1] 3. Summary Based on Related Catalogs 3.1 Fundamental Tracking - **Futures Contracts Data**: - For the 2511 contract, the closing price was 72,880, down 760 from T - 1; the volume was 502,269, up 158,406 from T - 1; the open interest was 281,411, down 13,213 from T - 1 [1] - For the 2601 contract, the closing price was 72,940, down 860 from T - 1; the volume was 107,180, up 34,164 from T - 1; the open interest was 172,012, down 3,395 from T - 1 [1] - **Other Data**: - The warehouse receipt volume was 39,354, up 120 from T - 1 [1] - The spot - 2511 was 570, down 490 from T - 1; the spot - 2601 was 510, down 650 from T - 1 [1] - The 2511 - 2601 basis was - 60, down 160 from T - 1 [1] - The difference between electric carbon and industrial carbon was 2,250, unchanged from T - 1 [1] - The spot - CIF was 6,991, up 278 from T - 1 [1] - Lithium spodumene concentrate (6%, CIF China) was 858, up 1 from T - 1; lithium mica (2.0% - 2.5%) was 1,815, unchanged from T - 1 [1] - Battery - grade lithium carbonate was 73,450, up 300 from T - 1; industrial - grade lithium carbonate was 71,200, up 300 from T - 1 [1] - Other related lithium - salt and downstream product prices also had corresponding changes compared to T - 1 [1] 3.2 Macro and Industry News - The SMM battery - grade lithium carbonate index price was 73,464 yuan/ton, up 348 yuan/ton from the previous working day; the average price of battery - grade lithium carbonate was 73,450 yuan/ton, up 300 yuan/ton; the average price of industrial - grade lithium carbonate was 71,200 yuan/ton, up 300 yuan/ton [1] - This week's lithium carbonate production was 20,363 tons, up 400 tons from last week, and the industry inventory was 137,531 tons, down 981 tons from last week [1] 3.3 Trend Intensity - The trend intensity of lithium carbonate was 0, with the range of values being integers in the [-2, 2] interval, where - 2 means most bearish and 2 means most bullish [3]