周度报告—碳酸锂 供应风险弱化，锂价回吐溢价 [Table_Summary] ★供应风险弱化，锂价回吐溢价 上周锂盐价格承压回落。LC2509 收盘价环比-3.7%至 7.12 万元/ 吨，LC2511 收盘价环比-4.2%至 7.12 万元/吨；SMM 电池级及工 业级碳酸锂现货均价环比-3.1%、-3.2%至 7.25、7.02 万元/吨。SMM 粗颗粒及微粉型电池级氢氧化锂均价环比-1.7%、-1.6%至 7.43、 7.92 万元/吨。电工价差环比持平于 0.23 万元/吨。电池级氢氧化 锂较电池级碳酸锂价格升水走阔 0.1 万元至 0.18 万元/吨。 有 色 金 属 据界面新闻，9 月 9 日宁德时代控股子公司宜春时代召开会议， 专题推进枧下窝锂矿复产工作。尽管当前企业仍在办理复产所需 的相关手续、也暂未给出明确的复产时间，但市场大概率将先行 计价其复产预期。此外，短期内市场对于江西其余云母矿的担忧 也将随之减弱。供应扰动暂告段落后，市场将重回基本面逻辑。 供应方面，高价盘活了部分贸易商年初囤积的锂矿库存、并通过 代工的方式快速转化为碳酸锂，据调研了解，部分代工厂订单已 排至年底；同时中国市场的高 ...

Core Viewpoint - The lithium carbonate futures market experienced a significant drop due to a combination of rumors and expectations of production resumption, with the main contract closing at 80,980 yuan/ton, marking an 8% decline [2][4]. Market Reactions - On August 20, lithium carbonate opened sharply lower and closed with all contracts hitting the limit down, influenced by the announcement from Jiangte Electric that its subsidiary Yichun Yinli would resume production soon [2][4]. - The market was also affected by various rumors, including the transportation of Australian lithium concentrate to China and potential sanctions on lithium from the U.S., leading to a widespread decline in prices [2][4]. Production and Supply Dynamics - Yichun Yinli's resumption of production follows a comprehensive equipment overhaul, with the company previously producing 1,300 tons per month before the shutdown [4]. - Despite the rumors, analysts noted that the actual impact on the market was limited, as the basic supply-demand dynamics remained stable, with no significant deterioration observed [4][5]. Inventory and Demand Insights - Current lithium concentrate inventories in China are reported to be sufficient, with domestic traders holding 278,000 tons and lithium salt plants maintaining around 300,000 tons [5]. - Recent data indicated a slight decrease in overall inventory levels across the supply chain, suggesting a tight balance in the lithium carbonate market [7]. Future Outlook - Analysts believe that the recent price drop may be overdone, with potential upward momentum in lithium prices due to tightening supply and seasonal demand increases [9]. - The market remains cautious, with ongoing concerns about production resumption timelines and regulatory impacts on supply chains, which could lead to further price volatility [9].