格隆汇8月1日丨永杉锂业(603399.SH)在互动平台表示，公司未处在小米汽车供应链之中。公司主营产 品电池级氢氧化锂的核心客户之一瑞翔新材为宁德时代的供应商。 ...

2025 年 8 月 1 日 碳酸锂：C 结构回落，关注 08 交割情况 | 邵婉嫕 投资咨询从业资格号：Z0015722 | shaowanyi@gtht.com | | --- | --- | | 刘鸿儒（联系人） 期货从业资格号：F03124172 | liuhongru@gtht.com | 【基本面跟踪】 碳酸锂基本面数据 | | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2509合约（收盘价） | 68,280 | -2,320 | -8,400 | 320 | 5,500 | -1,320 | | | | 2509合约（成交量） | 521,849 | -271,060 | -1,248,434 | -305,090 | 123,462 | 514,082 | | | | 2509合约（持仓量） | 229,368 | -43,385 | -207,359 | -134,308 | -97,308 | 200,230 | | | 盘面 ...

证券之星消息，根据市场公开信息及7月31日披露的机构调研信息，银华基金近期对4家上市公司进行了 调研，相关名单如下： 1)德福科技（301511）(银华基金管理股份有限公司参与公司路演活动) 调研纪要：德福科技收购卢森堡铜箔，跻身全球高端IT铜箔头部企业。卢森堡铜箔成立于1960年，是全 球唯一的非日系高端IT铜箔龙头厂商，拥有1.68万吨/年产能，核心产品包括HVLP和DTH。2024年营收 1.34亿欧元，净利润-37万欧元；2025年Q1营收0.45亿欧元，净利润167万欧元，实现季度性扭亏。德福 科技电解铜箔总产能跃升至19.1万吨/年，跻身全球第一，将加快技术资源整合，提升盈利能力。德福 科技2024年研发投入1.83亿元，新增17件发明专利，持续深化高频高速、超薄化、功能化技术战略。 2)晶科能源(银华基金参与公司路演活动) 调研纪要：晶科能源表示，要解决光伏行业内卷式竞争需严控新增产能，引导价格归理性，推动前沿技 术创新。公司高功率产品改造进展顺利，640W以上产品今年三季度已部分交付，明年大部分订单将切 换为640W以上产品。公司预计明年TOPCon产能功率将达670W，未来2-3年有望实现6 ...

投资者关 系活动类 别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他（请文字说明其他活动内容） 参与单位 名称及人 员姓名 银河证券：付丹、阎予露、杨文涵 中泰证券：陈凯丽、安永超 东吴证券：胡锦芸 申万宏源：朱兴军、马焰明、陈松涛 长江证券：肖百桓 银华基金：范文韬 敦和资产：梁作强 国海富兰克林：覃晶晶 海富通：李子豪 天弘基金：耿浩然 正圆投资：曹智明 前海人寿：李克强 太和致远：黄瑞娇 交银施罗德：芮晨 前海开源：徐广进 横华国际：蒋仕卿 龙全投资：邢增岛 伟星资本：雷思 盈峰资本：刘东渐 复胜资产：孙克遥 国融证券：刘聪 时间 2025 年 7 月 30 日、2025 年 7 月 31 日 地点 四川雅化实业集团股份有限公司会议室 上市公司 接待人员 姓名 董事会秘书：郑璐 投资者关系管理：黄国城 一、公司基本情况介绍 证券代码：002497 证券简称：雅化集团 四川雅化实业集团股份有限公司投资者关系活动记录表 编号：20250731 介绍公司发展历程，锂业务和民爆业务的发展情况、应用领域、产能情况、业 务布局、行业地位、未来发展等。 二、公司主营业务市场地位 ...

Report Information - Report Title: Carbonate Lithium Futures Daily Report [1] - Date: July 30, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] Industry Investment Rating - Not provided Core Viewpoints - The carbonate lithium futures continued to decline, with the main contract hitting a low of 68,600 during the session. After the first trading session, there was an obvious rebound in the anti - involution theme, and the decline of carbonate lithium narrowed. The spot market was resistant to decline, with the price of electric carbon dropping by 750 to 73,150. The spot was at a premium to the futures, and upstream lithium salt enterprises still showed strong price - holding willingness. There was a significant divergence in the psychological price expectations between upstream and downstream enterprises. The decline of Australian ore was greater than that of spot electric carbon, while the price of lithium mica ore was resistant to decline. The production profit of salt plants using purchased lithium spodumene expanded, while the production loss of salt plants using purchased lithium mica widened. The supply of carbonate lithium was expected to remain at a high level in the short term, and the fundamentals were difficult to support the price. The futures were expected to continue to hype the anti - involution logic, and the short - term support level of the futures was around 68,000 [11]. Section Summaries 1. Market Review and Operation Suggestions - Carbonate lithium futures dropped, and the decline narrowed after a rebound. The spot market was more resistant to decline, with the electric carbon price dropping by 750 to 73,150. Upstream enterprises had a strong price - holding intention, with a psychological expectation price range of 73,000 - 74,000 yuan, while downstream enterprises preferred to purchase through the futures premium and discount point - price model. Australian ore prices dropped by 65 to 780 US dollars per ton, expanding the production profit of spodumene - using salt plants to 2,489 yuan per ton. High - grade lithium mica prices dropped by 30 to 1,775 yuan per ton, widening the production loss of lithium - mica - using salt plants to 6,968 yuan per ton. The production volume of carbonate lithium from spodumene may further increase, while the production volume from lithium mica depends on the reduction and shutdown of relevant mines in Jiangxi. The short - term supply is expected to remain high, and the futures may continue to hype the anti - involution logic, with short - term support at around 68,000 [11]. 2. Industry News - A study by the University of Hong Kong found that aluminum impurities in the lithium - ion battery recycling process can form super - stable aluminum - oxygen bonds in the cathode crystals, trapping key metals and reducing their leachability, which challenges traditional recycling practices and emphasizes the need to redesign specific solvent processes [14]. - Two major new - energy companies achieved a breakthrough in recycling batteries by producing battery - grade lithium hydroxide from waste electric vehicle batteries. Their innovative process can extract lithium from mixed NMC and LFP black powder on one production line, improving versatility and reducing costs. The produced lithium hydroxide meets the purity standards of cathode manufacturers, which is in line with the EU battery regulations' goals of 50% lithium recovery rate by 2027 and 80% by 2031 [15].

复星国际 分时图 日K线 周K线 月K线 5.61 -0.04 -0.71% 2.30% 1.59% 0.71% 0.00% 0.71% 1.59% 2.30% 5.52 5.56 5.61 5.65 5.69 5.74 5.78 09:30 10:30 12:00/13:00 14:00 16:10 0 26万 52万 78万 "海南自贸港全岛封关运作将于2025年12月18日正式启动。复星坚定看好海南自贸港，封关运作是一个 全新的开始，我们对此满怀信心。"近日，复星国际董事长郭广昌表示，未来复星将继续深耕海南，加 快已经形成优势的文旅、大健康、先进智造等产业在海南布局发展。 在郭广昌看来，海南是一片创业的热土，也是复星发展的福地。如今，复星深耕海南已近20年，创造就 业岗位6000多个，累计纳税超百亿元。 在文旅领域，2018年复星依托海棠湾得天独厚的自然资源，将全球第三座亚特兰蒂斯酒店引入三亚，打 造了引领海南旅游3.0的标杆文旅项目。开业以来，三亚.亚特兰蒂斯已累计接待全球游客超3200万人 次。 在大健康领域，复星充分利用博鳌乐城先行区的政策优势，推动全球生物医药创新成果转化应用和先行 先试，成果落 ...

Core Viewpoint - The establishment of the Hainan Free Trade Port's full island closure operation on December 18, 2025, marks a new beginning for investment opportunities in Hainan, with companies like Fosun International expressing strong confidence in the region's potential for growth and development [1][2][3]. Group 1: Company Initiatives - Fosun International has been deeply engaged in Hainan for nearly 20 years, creating over 6,000 jobs and contributing more than 10 billion yuan in taxes [1]. - In the tourism sector, Fosun introduced the third Atlantis hotel globally to Sanya in 2018, which has since welcomed over 32 million visitors [1]. - In the health sector, Fosun has leveraged the policy advantages of the Boao Lecheng Pilot Zone to promote the application of global biomedical innovations, with products like the Swedish respiratory devices being manufactured in Hainan [1][3]. Group 2: Strategic Developments - Fosun is advancing its green technology transformation through its subsidiary, Hainan Mining, which has made significant acquisitions in lithium and oil, and is establishing a lithium hydroxide production line in Hainan [2][4]. - The upcoming "Hainan Super Mediterranean" project will be a landmark AI-themed resort, enhancing Hainan's status as a premier tourist destination [3]. - The lithium hydroxide project in Yangpu, with an investment of 1.056 billion yuan, is expected to generate an annual output value exceeding 2 billion yuan, contributing to a green low-carbon industrial chain [4]. Group 3: Community Engagement - Fosun has been actively involved in community support initiatives in Hainan, including the establishment of a scholarship fund for underprivileged students and healthcare projects aimed at improving local medical services [4].

碳酸锂：宽幅震荡，关注江西矿山减停产进展 | | 邵婉嫕 | | 投资咨询从业资格号：Z0015722 | | | shaowanyi@gtht.com | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 刘鸿儒（联系人） 期货从业资格号：F03124172 | | | | liuhongru@gtht.com | | | 【基本面跟踪】 | | | | | | | | | 碳酸锂基本面数据 | | | | | | | | | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | 2509合约（收盘价） | | 73,120 | -7,400 | 1,840 | 6,640 | 11,620 | 2,740 | | 2509合约（成交量） | | 1,005,395 | -198,029 | 157,245 | -9,163 | 618,413 | 993,812 | | 2509合约（持仓量） | | 378,472 | -112,616 | -2,713 | 22,311 | 33,256 | 353,04 ...

2025 年 7 月 24 日 | | | 2509合约（收盘价） | 69,380 | -3,500 | 2,960 | 4,980 | 10,260 | -2,180 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2509合约（成交量） | 1,334,159 | 215,933 | 856,045 | 984,034 | 1,074,672 | 1,330,037 | | | | 2509合约（持仓量） | 362,054 | -49,584 | 21,436 | 35,159 | 5,100 | 338,929 | | | 盘面 | 2511合约（收盘价） | 68,620 | -3,180 | 2,780 | 4,540 | 9,820 | -3,220 | | | | 2511合约（成交量） | 241,623 | 96,022 | 189,075 | 211,042 | 209,167 | 241,338 | | | | 2511合约（持仓量） | 132,094 | 12,267 | 24,068 | 37,73 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The 2509 contract of lithium carbonate futures rose 2.71% to 7,2880 yuan/ton yesterday. The average price of battery - grade lithium carbonate increased by 1,100 yuan/ton to 6,9100 yuan/ton, the average price of industrial - grade lithium carbonate increased by 1,100 yuan/ton to 6,7450 yuan/ton, and the price of battery - grade lithium hydroxide (coarse particles) rose by 500 yuan/ton to 5,8720 yuan/ton. The warehouse receipt inventory increased by 120 tons to 10,089 tons [3]. - In July, the output is expected to increase by 3.9% month - on - month to 81,150 tons, and the weekly output increased by 302 tons to 19,115 tons. In June 2025, China's lithium carbonate import volume was 17,700 tons, a month - on - month decrease of 16.3% and a year - on - year decrease of 9.6%. In July, the production schedule 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 1,827 tons to 142,620 tons [3]. - The market sentiment continues to improve, the news is fermenting, the warehouse receipts continue to decrease, and the price of lithium ore continues to rise. In the short term, it may still stimulate price increases. Attention should be paid to the warehouse receipt inventory [3]. 3. Summary by Relevant Catalogs 3.1 Daily Data Monitoring - **Futures**: The closing price of the main contract was 7,2880 yuan/ton, up 1,600 yuan; the closing price of the continuous contract was 7,2800 yuan/ton, up 1,540 yuan [5]. - **Lithium Ore**: The price of lithium spodumene concentrate (6%, CIF China) was 742 US dollars/ton, up 12 US dollars; the price of lithium mica (Li2O: 1.5% - 2.0%) was 1,030 yuan/ton, up 40 yuan; the price of lithium mica (Li2O: 2.0% - 2.5%) was 1,590 yuan/ton, up 45 yuan; the price of amblygonite (Li2O: 6% - 7%) was 5,400 yuan/ton, up 225 yuan; the price of amblygonite (Li2O: 7% - 8%) was 6,325 yuan/ton, up 250 yuan [5]. - **Lithium Carbonate and Lithium Hydroxide**: The price of battery - grade lithium carbonate increased by 1,100 yuan/ton, the price of industrial - grade lithium carbonate increased by 1,100 yuan/ton, and the price of battery - grade lithium hydroxide increased by 500 yuan/ton [5]. - **Hexafluorophosphate Lithium**: The price of hexafluorophosphate lithium was 50,750 yuan/ton, up 500 yuan [5]. - **Price Spreads**: The price spread between battery - grade lithium carbonate and industrial - grade lithium carbonate remained unchanged at 1,650 yuan/ton; the price spread between battery - grade lithium hydroxide and battery - grade lithium carbonate was - 10,380 yuan/ton, down 600 yuan [5]. - **Precursors and Cathode Materials**: The prices of various precursors and cathode materials generally increased slightly, with increases ranging from 30 yuan/ton to 500 yuan/ton [5]. - **Cells and Batteries**: Most cell and battery prices remained unchanged, except for the cobalt - acid lithium cell, which increased by 0.01 yuan/Ah [5]. 3.2 Chart Analysis - **Ore Prices**: Charts 1 - 4 show the price trends of lithium spodumene concentrate, lithium mica, and amblygonite from 2024 to 2025 [6][8] - **Lithium and Lithium Salt Prices**: Charts 5 - 10 show the price trends of metal lithium, lithium carbonate, lithium hydroxide, and hexafluorophosphate lithium from 2024 to 2025 [12][14][16] - **Price Spreads**: Charts 11 - 15 show the price spreads between different lithium products and the basis from 2024 to 2025 [19][20][21] - **Precursors and Cathode Materials**: Charts 16 - 20 show the price trends of precursors and cathode materials from 2024 to 2025 [23][26][29] - **Lithium Battery Prices**: Charts 21 - 24 show the price trends of lithium battery cells and batteries from 2024 to 2025 [32][34] - **Inventory**: Charts 25 - 27 show the inventory trends of downstream, smelters, and other links from November 2024 to July 2025 [37][39] - **Production Costs**: Chart 28 shows the production cost trends of lithium carbonate from different raw materials from 2024 to 2025 [41] 3.3 Research Team Introduction - Zhan Dapeng, a master of science, is the director of non - ferrous research at Everbright Futures Research Institute, a senior researcher of precious metals, a gold intermediate investment analyst, an excellent metal analyst of the Shanghai Futures Exchange, and the best industrial futures analyst of Futures Daily & Securities Times [45]. - Wang Heng, a master of finance from the University of Adelaide, Australia, is a non - ferrous researcher at Everbright Futures Research Institute, mainly researching aluminum and silicon [46]. - Zhu Xi, a master of science from the University of Warwick, UK, is a non - ferrous researcher at Everbright Futures Research Institute, mainly researching lithium and nickel [46]