| | 锂云母 | 1710 | 85 | 电碳-工碳价差 元/吨 | - 电池级碳酸锂-平均价 一工业级碳酸锂-平均价 T./ HH | | --- | --- | --- | --- | --- | --- | | | (Li20:1.5%-2.0%) | | | | | | | 锂云母 (Li20:2.0%-2.5%) | 2700 | 125 | | 碳酸锂注册仓单(吨) | | | 磷锂铝石 (Li20:6%-7%) | 9575 | 675 | 5 | | | | 磷锂铝石 (Li20:7%-8%) | 11075 | 675 | | | | | 正极材料 | 平均价 | 涨跌 | | | | | 磷酸铁锂(动力型) | 38745 | 580 | | | | | 三元材料811(多晶/动力型) | 161550 | 400 | | | | | 三元材料523 (単晶/动力型) | 143750 | 700 | | | | | 三元材料613(单晶/动力型) | 144050 | 700 | | | | | 名称 | 现值 | 変化值 | | | | | 电碳-工碳 | 2400 | -0 | | ...

种类 利润估算 外购锂辉石精矿现金成本 85482 k 利 tt 王 外购锂辉石精矿利润 -543 外购锂云母精矿现金成本 89096 F 外购锂云母精矿利润 -6327 y T 习近平将同美国总统特朗普举行会晤。外交部发言人10月29日宣布:经中美双方商定，国家主席习近平将于当地时间10月30日在韩国釜 国总统特朗普举行会晤,就中美关系和双方共同关心的问题交换意见。 t H 需求方面，终端（储能+新能源车）旺季持续，社会库存"上游-下游-终端"移动的链条流畅。供给方面,以高位波动为主,暂未现大量增产 需错配下,碳酸锂价格下方支撑明显。 上方主要考虑套保压力,和江西矿端复产预期。整体上,综合供需错配、套保压力和市场 预计短期内碳酸锂价格或宽幅震荡。 员 免 告中的信息均源于公开可获得的资料、国贸期货力求准确可靠。但不对上述信息的准确性及完整性做低何保证。本报告不构成个人投资建 对个别投资者特殊的投资目标、财务状况或需要，投资者需自行判断本报告中的任何意见或建议是否符合其特定状况，据此投资，责任自负。本报告仅向 特定客户推送，未经国贸期货授权许可，任何引用、转载以及向第三方传播的行为均构成对国贸期货的侵权,我司 ...

Report Investment Rating - No investment rating information is provided in the report. Core View - Due to the mismatch between supply and demand, with the peak season of the terminal (energy storage + new energy vehicles) continuing and the supply fluctuating at a high level without a significant increase, the price of lithium carbonate has obvious support at the bottom. Considering the hedging pressure and the resumption of production in Jiangxi's mining sector, it is expected that the price of lithium carbonate may fluctuate widely in the short term [3]. Summary by Relevant Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 83,300 yuan/ton, with a daily increase of 1,000 yuan/ton; the average price of SMM industrial - grade lithium carbonate is 81,100 yuan/ton, with a daily increase of 1,000 yuan/ton [1]. - The closing prices of lithium carbonate futures contracts 2511, 2512, 2601, 2602, and 2603 are 84,920 yuan/ton (-0.35%), 86,500 yuan/ton (-0.21%), 86,580 yuan/ton (-0.21%), 86,280 yuan/ton (-0.32%), and 86,140 yuan/ton (-0.44%) respectively [1]. Lithium Ore - The price of lithium spodumene concentrate (CIF China) is 984 dollars, and the prices of lithium mica (Li20: 1.5% - 2.0%), lithium mica (Li20: 2.0% - 2.5%), phospho - lithium - aluminum stone (Li20: 6% - 7%), and phospho - lithium - aluminum stone (Li20: 7% - 8%) are 1,420 yuan, 2,245 yuan, 7,880 yuan, and 9,295 yuan respectively, with daily increases of 20 yuan, 25 yuan, 20 yuan, and 20 yuan [1][2]. Cathode Materials - The average prices of lithium iron phosphate (power type), ternary material 811 (polycrystalline/power type), ternary material 523 (single - crystal/power type), and ternary material 613 (single - crystal/power type) are 36,605 yuan, 160,250 yuan, 141,150 yuan, and 141,650 yuan respectively, with daily increases of 245 yuan, 1,000 yuan, 400 yuan, and 1,500 yuan [2]. Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 2,200 yuan/ton; the price spread between battery - grade lithium carbonate and the main contract is - 3,280 yuan/ton, with a change of 960 yuan; the price spreads between the near - month and the first - continuous, and the near - month and the second - continuous contracts are - 80 yuan/ton and 220 yuan/ton respectively, with changes of 120 yuan and 140 yuan [2]. Inventory - The total inventory (weekly, tons) is 123,953 tons, with a decrease of 3,405 tons. The inventories of smelters, downstream, and other sectors (weekly, tons) are 30,715 tons (-1,336 tons), 52,008 tons (-1,280 tons), and 41,230 tons (-790 tons) respectively. The registered warehouse receipts (daily, tons) are 28,287 tons, with an increase of 188 tons [2]. Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 82,955 yuan, and the profit is - 815 yuan; the cash cost of externally purchased lithium mica concentrate is 86,558 yuan, and the profit is - 6,476 yuan [3].

Report Industry Investment Rating - No relevant content provided Core View of the Report - The narrative of strong terminal demand continues, the de - stocking of social inventory increases, and the degree of supply - demand mismatch deepens. However, from a fundamental perspective, the hedging pressure at the upper level is gradually released, weakening the upward momentum. The market has begun to show differences (there are rumors of mine resumption), and further stimulation from funds, events, and news is needed to continue the price increase. Otherwise, the price will be low [3] Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 80,500 yuan with a decrease of 400 yuan; SMM industrial - grade lithium carbonate has an average price of 78,300 yuan with a decrease of 400 yuan [1] - For lithium carbonate futures contracts: Li2511 closed at 77,800 yuan with a decline of 1.12%; Li2512 closed at 79,060 yuan with a decline of 0.38%; Li2601 closed at 79,140 yuan with a decline of 0.45%; Li2602 closed at 79,000 yuan with a decline of 0.13%; Li2603 closed at 78,860 yuan with a decline of 0.43% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has an average price of 920 yuan with a decrease of 11 yuan (Li2O: 5.5% - 6%); lithium mica (Li2O: 1.5% - 2.0%) has an average price of 1,290 yuan with a decrease of 25 yuan; lithium mica (Li2O: 2.0% - 2.5%) has an average price of 2,085 yuan with a decrease of 30 yuan; phospho - lithium - aluminum stone (Li2O: 6% - 7%) has an average price of 6,990 yuan; phospho - lithium - aluminum stone (Li2O: 7% - 8%) has an average price of 8,340 yuan with a decrease of 80 yuan [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 35,925 yuan with a decrease of 100 yuan; the average price of ternary material 811 (polycrystalline/power type) is 157,950 yuan; the average price of ternary material 523 (single - crystal/power type) is 139,450 yuan; the average price of ternary material 613 (single - crystal/power type) is 138,150 yuan [2] Price Spreads - The difference between battery - grade and industrial - grade lithium carbonate is 2,200 yuan with no change; the difference between battery - grade lithium carbonate and the main contract is 1,360 yuan with a decrease of 980 yuan; the difference between the near - month and the first - continuous contract is - 80 yuan with an increase of 20 yuan; the difference between the near - month and the second - continuous contract is 60 yuan with an increase of 100 yuan [2] Inventory - The total inventory (weekly, tons) is 127,358 tons with a decrease of 3,008 tons; the inventory of smelters (weekly, tons) is 32,051 tons with a decrease of 1,630 tons; the inventory of downstream (weekly, tons) is 53,288 tons with a decrease of 1,987 tons; the inventory of others (weekly, tons) is 42,020 tons with an increase of 610 tons; the registered warehouse receipts (daily, tons) is 26,830 tons with an increase of 340 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 78,943 yuan, and the profit is 425 yuan; the cash cost of purchasing lithium mica concentrate externally is 82,750 yuan, and the profit is - 5,412 yuan [3]

Report Industry Investment Rating - Not provided Core Viewpoints - Terminal demand is strong, social inventory is continuously decreasing, creating a short - term supply - demand mismatch that drives up prices. As prices rise, hedging positions on the supply side are gradually released, with lithium mica lithium extraction as the main incremental source. Due to rising ore prices, cost support has shifted upwards. In the short term, prices are likely to move upwards under the supply - demand mismatch but face pressure. In the long - term, the pattern of supply surplus remains unchanged, and capacity clearance is still awaited [3] Summary by Relevant Catalog Lithium Compound Prices - SMM battery - grade lithium carbonate has an average price of 76,550 with a rise of 1,150; SMM industrial - grade lithium carbonate has an average price of 74,300 with a rise of 1,150 [1] Lithium Futures Contracts - Lithium carbonate 2511 has a closing price of 81,120 with a 2.27% increase; lithium carbonate 2512 has a closing price of 81,740 with a 2.43% increase; lithium carbonate 2601 has a closing price of 81,900 with a 2.53% increase; lithium carbonate 2602 has a closing price of 81,500 with a 2.57% increase; lithium carbonate 2603 has a closing price of 81,400 with a 2.36% increase [1] Lithium Ore Prices - Lithium spodumene concentrate (CIF China) has an average price of 906 with a rise of 25; lithium mica (Li20: 1.5% - 2.0%) has an average price of 1220 with a rise of 45; lithium mica (Li20: 2.0% - 2.5%) has an average price of 1990 with a rise of 50; phospho - lithium - aluminum stone (Li20: 6% - 7%) has an average price of 7250 with a rise of 275; phospho - lithium - aluminum stone (Li20: 7% - 8%) has an average price of 8600 with a rise of 350 [1][2] Cathode Material Prices - Lithium iron phosphate (power type) has an average price of 34,970 with a rise of 335; ternary material 811 (polycrystalline/power type) has an average price of 157,200 with a rise of 100; ternary material 523 (single - crystal/power type) has an average price of 137,100 with a rise of 400; ternary material 613 (single - crystal/power type) has an average price of 136,950 with a rise of 250 [2] Price Spreads - The spread between battery - grade and industrial - grade lithium carbonate is 2250; the spread between battery - grade lithium carbonate and the main contract is - 5350 with a change of - 1230; the spread between the near - month and the first - continuous contract is - 620 with a change of - 120; the spread between the near - month and the second - continuous contract is - 780 with a change of - 180 [2] Inventory - The total inventory (weekly, tons) is 130,366 with a decrease of 2292; the smelter inventory (weekly, tons) is 33,681 with a decrease of 602; the downstream inventory (weekly, tons) is 55,275 with a decrease of 2460; the other inventory (weekly, tons) is 41,410 with an increase of 770; the registered warehouse receipts (daily, tons) is 27,739 with a decrease of 960 [2] Profit Estimation - The cash cost of外购锂辉石精矿 is 78,206 with a profit of - 2756; the cash cost of外购锂云母精矿 is 81,293 with a profit of - 7862 [3] Industry News - Appian Capital Advisory, a UK private equity firm, is collaborating with the International Finance Corporation under the World Bank to launch a $1 billion critical minerals, metals, and mining fund focusing on emerging markets [3]

1. Report Industry Investment Rating - No investment rating information provided in the report 2. Core View of the Report - In the short - term, while demand increases, supply also increases simultaneously, and the futures price may mainly fluctuate within a range. In the medium - to - long - term, production increases overall, which is the main factor suppressing the futures price. The fourth quarter is the traditional peak season for new energy vehicles, and after the increase in capacity electricity prices and the expansion of the spot price difference, the economic viability of independent energy storage has emerged, with the increase in tender volume indicating strong installation demand [3] 3. Summary by Relevant Catalog Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 73,550 with no change, and the average price of SMM industrial - grade lithium carbonate is 71,300 with no change. The price difference between battery - grade and industrial - grade lithium carbonate is 2,250 [1][2] - Among futures contracts, the closing price of lithium carbonate 2510 is 73,580 with a 0.33% increase; lithium carbonate 2511 is 73,340 with a 0.27% increase; lithium carbonate 2512 is 73,500 with a 0.38% increase; lithium carbonate 2601 is 73,440 with a 0.38% increase; lithium carbonate 2602 is 73,240 with a 0.6% increase [1] Lithium Ore - The price of lithium spodumene concentrate (CIF China) is 843, down 15; lithium mica (Li20: 1.5% - 2.0%) is 1110, down 15; lithium mica (Li20: 2.0% - 2.5%) is 1835, down 20; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 6080; phospho - lithium - aluminum stone (Li20: 7% - 8%) is 7190 [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 33,640; the average price of ternary material 811 (polycrystalline/power type) is 152,350, up 2000; the average price of ternary material 523 (single - crystal/power type) is 123,850, up 1500; the average price of ternary material 613 (single - crystal/power type) is 129,850, up 2500 [2] Price Differences - The difference between battery - grade lithium carbonate and the main contract is 210, down 540; the difference between the near - month and the first - continuous contract is - 160, down 100; the difference between the near - month and the second - continuous contract is - 100, up 60 [2] Inventory - The total inventory (weekly, tons) is 134,801, down 2024; the inventory of smelters (weekly, tons) is 34,747, up 1255; the inventory of downstream (weekly, tons) is 59,765, down 1128; the inventory of others (weekly, tons) is 40,290, down 2150; the registered warehouse receipts (daily, tons) is 42,379, up 670 [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 74,486, and the profit is - 2006; the cash cost of purchasing lithium mica concentrate externally is 77,806, and the profit is - 7315 [3] Technological Breakthrough - A research team led by researcher Huang Xuejie from the Chinese Academy of Sciences' Institute of Physics, in collaboration with Huazhong University of Science and Technology and the Chinese Academy of Sciences' Ningbo Institute of Materials Technology and Engineering, developed an anion regulation technology, solving the problem of poor contact between the electrolyte and lithium electrode in all - solid - state metal lithium batteries. The research results were published in the international academic journal "Nature - Sustainable Development" on the 7th [3] Market Demand and Supply - In the fourth quarter, it is the traditional peak season for new energy vehicles. After the increase in capacity electricity prices and the expansion of the spot price difference, the economic viability of independent energy storage has emerged, and the increase in tender volume indicates strong installation demand. The overall increase in production is the main factor suppressing the futures price [3]

Report Industry Investment Rating - No relevant content found Core Viewpoints - In the short term, factors such as the approaching traditional peak season for new energy vehicles, downstream stocking demand, and the appearance of independent energy storage economy support the futures price. However, in the long - term, the pattern of supply surplus remains unchanged [3] Summary by Related Content Lithium Compound Prices - SMM battery - grade lithium carbonate has an average price of 73,750 yuan, a decrease of 100 yuan; SMM industrial - grade lithium carbonate has an average price of 71,500 yuan, a decrease of 100 yuan [1] Lithium Ore Prices - Lithium spodumene concentrate (CIF China) has an average price of 856 yuan, with no change; lithium mica (Li20: 1.5% - 2.0%) has an average price of 1,140 yuan; lithium mica (Li20: 2.0% - 2.5%) has an average price of 1,875 yuan; petalite (Li20: 6% - 7%) has an average price of 6,150 yuan; petalite (Li20: 7% - 8%) has an average price of 7,285 yuan [1][2] Positive Electrode Material Prices - The average price of lithium iron phosphate (power type) is 33,690 yuan, a decrease of 20 yuan; the average price of ternary material 811 (polycrystalline/power type) is 148,050 yuan, an increase of 500 yuan; the average price of ternary material 523 (single - crystal/power type) is 120,750 yuan, an increase of 300 yuan; the average price of ternary material 613 (single - crystal/power type) is 125,600 yuan, an increase of 500 yuan [2] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,250 yuan, with no change; the difference between battery - grade lithium carbonate and the main contract is - 290 yuan, a decrease of 1,260 yuan; the difference between the near - month and the first - continuous contract is - 300 yuan, a decrease of 100 yuan; the difference between the near - month and the second - continuous contract is - 320 yuan, a decrease of 100 yuan [2] Inventory - The total inventory (weekly) is 136,825 tons, a decrease of 706 tons; the inventory of smelters (weekly) is 33,492 tons; the inventory of downstream (weekly) is 60,893 tons, an increase of 1,398 tons; the inventory of others (weekly) is 42,440 tons, a decrease of 1,140 tons; the registered warehouse receipts (daily) is 40,309 tons, an increase of 560 tons [2] Profit Estimation - The cash cost of purchasing spodumene concentrate externally is 75,328 yuan, with a profit of - 2,650 yuan; the cash cost of purchasing lithium mica concentrate externally is 78,729 yuan, with a profit of - 8,042 yuan [3] Industry News - On September 24, China announced new contributions at the United Nations Climate Change Summit, including increasing the proportion of non - fossil energy consumption to over 30% of the total energy consumption, and the total power generation capacity of electricity to reach more than 6 times that of 2020, aiming for 3.6 billion kilowatts [3]

Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - Due to the previous resource - end disturbances, production scheduling has increased slightly. On the demand side, as new energy vehicles are in the off - season, the increase in production scheduling of cathode factories is limited. In terms of inventory, social inventory fluctuates at a high level, showing a pattern of inventory moving from upstream to downstream, but the actual consumption is not large, and downstream companies have stocked up a large amount of raw materials, weakening their subsequent purchasing power. It is expected that the supply - demand will be in a tight balance in September. Overall, although the supply - demand is in a tight balance, downstream companies have sufficient inventory and the terminal market is in the off - season, so the futures price is expected to fluctuate weakly. During this process, be vigilant about small rumors from the mining end before the 30th [2]. 3. Summary by Relevant Content Lithium Compound Prices - The average price of SMM battery - grade lithium carbonate is 75,000 yuan/ton, down 900 yuan/ton; the average price of SMM industrial - grade lithium carbonate is 72,700 yuan/ton, down 900 yuan/ton [1]. Lithium Ore Prices - The average price of lithium spodumene concentrate (CIF China) is 874 yuan/ton, up 2 yuan/ton [1]. Futures Contract Prices - The closing price of lithium carbonate 2509 is 73,000 yuan/ton, with a decline of 0.27%; the closing price of lithium carbonate 2510 is 73,340 yuan/ton, with an increase of 0.88%; the closing price of lithium carbonate 2511 is 73,420 yuan/ton, with an increase of 1.05%; the closing price of lithium carbonate 2512 is 73,580 yuan/ton, with an increase of 1.1%; the closing price of lithium carbonate 2601 is 73,560 yuan/ton, with an increase of 1.16% [1]. Positive Electrode Material Prices - The price of lithium iron phosphate (power - type) is 33,995 yuan/ton, down 215 yuan/ton; the price of ternary material 523 (single - crystal/power - type) is 118,700 yuan/ton, down 100 yuan/ton; the price of ternary material 613 (single - crystal/power - type) is 123,625 yuan/ton, down 100 yuan/ton [2]. Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,300 yuan/ton; the difference between battery - grade lithium carbonate and the main contract is 1,580 yuan/ton, down 2,440 yuan/ton; the difference between the near - month and the first - continuous contract is - 80 yuan/ton, down 60 yuan/ton; the difference between the near - month and the second - continuous contract is - 240 yuan/ton, down 100 yuan/ton [2]. Inventory - The total weekly inventory is 140,092 tons, down 1,044 tons; the weekly inventory of smelters is 39,475 tons, down 3,861 tons; the weekly inventory of downstream is 55,207 tons, up 2,407 tons; the weekly inventory of others is 45,410 tons, up 410 tons; the daily registered warehouse receipts are 830 tons [2]. Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 75,475 yuan/ton, and the profit is - 1,567 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is not clearly given, and the profit is - 6,991 yuan/ton [2].

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints of the Report - The market is still uncertain about whether the mica mines in Jiangxi will stop production. If there is a short - term suspension for rectification and then复产 after the mining certificates are compliant, considering the large recent downstream stocking and the supplement from surrounding compliant mines, the impact on the balance sheet is expected to be limited. There may be a further increase in futures prices from a market sentiment perspective, but the upside is limited as the previous increase has already priced in the impact of the suspension [2]. - If the mining certificates are successfully renewed and production does not stop, the supply will remain in a loose pattern. Considering the large downstream stocking, full previous pricing, and small increase in downstream production scheduling, the futures prices may be revised downwards and return to the fundamental logic [2]. 3. Summary by Relevant Catalogs Lithium Compounds - The average price of SMM battery - grade lithium carbonate is 71,100 yuan, with a daily increase of 150 yuan; the average price of SMM industrial - grade lithium carbonate is 69,000 yuan, with a daily increase of 150 yuan [1]. Lithium Futures Contracts - The closing price of lithium carbonate 2508 is 70,000 yuan, with a daily increase of 3.24%; for 2509, it is 71,920 yuan, with a 5.3% increase; for 2510, it is 72,200 yuan, with a 5.31% increase; for 2511, it is 72,300 yuan, with a 5.36% increase; for 2512, it is 72,580 yuan, with a 5.34% increase [1]. Lithium Ore - The average price of lithium spodumene concentrate (CIF China) is 757 yuan, with a daily increase of 9 yuan. The price of lithium mica (Li20: 1.5% - 2.0%) is 1090 yuan, with a daily increase of 25 yuan; for lithium mica (Li20: 2.0% - 2.5%), it is 1750 yuan, with a 60 - yuan increase; for phospho - lithium - aluminum stone (Li20: 6% - 7%), it is 5550 yuan, with a 275 - yuan increase; for phospho - lithium - aluminum stone (Li20: 7% - 8%), it is 6500 yuan, with a 300 - yuan increase [1][2]. Cathode Materials - The average price of lithium iron phosphate (power type) is 32,570 yuan, with a 35 - yuan increase; the average price of ternary material 811 (polycrystalline/power type) is 145,260 yuan, with a 30 - yuan increase; the average price of ternary material 523 (single - crystal/power type) is 116,945 yuan, with a 50 - yuan increase; the average price of ternary material 613 (single - crystal/power type) is 122,535 yuan, with a 20 - yuan increase [2]. Price Spreads - The difference between battery - grade and industrial - grade lithium carbonate is 2100 yuan, with a change of 0.2 yuan; the difference between battery - grade lithium carbonate and the main contract is - 1200 yuan, with a change of - 2530 yuan; the difference between the near - month and the first - continuous contract is - 280 yuan, with a change of - 80 yuan; the difference between the near - month and the second - continuous contract is - 380 yuan, with a change of - 20 yuan [2]. Inventory - The total weekly inventory is 142,418 tons, with an increase of 692 tons. The weekly inventory of smelters is 50,999 tons, with a decrease of 959 tons; the weekly inventory of downstream is 48,159 tons, with an increase of 2271 tons; the weekly inventory of others is 43,260 tons, with a decrease of 620 tons; the daily registered warehouse receipts are 16,443 tons, with an increase of 1420 tons [2]. Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 68,214 yuan, and the profit is 1863 yuan; the cash cost of purchasing lithium mica concentrate externally is 75,753 yuan, and the profit is - 7557 yuan [2].

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View - The report presents the latest data on lithium carbonate, lithium ore, cathode materials, and related price spreads and inventories. It also mentions that the Central Political Bureau will govern disorderly competition in enterprises and promote capacity management in key industries. In addition, it is expected that the futures price may face certain trends in the short - term due to factors such as the normal production of mines in Jiangxi, the cooling of the "anti - involution" sentiment caused by price drops, small increases in demand - side production schedules, and limited procurement space for downstream buyers [3]. 3. Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 71,350 with no change, and SMM industrial - grade lithium carbonate has an average price of 69,250 with no change [1]. - Among lithium carbonate futures contracts, the closing price of lithium carbonate 2508 is 69,200 with a 1.05% increase; lithium carbonate 2509 has a 0.09% increase; lithium carbonate 2510 has a 0.06% increase; lithium carbonate 2511 has a - 0.09% decrease; lithium carbonate 2512 has a - 0.35% decrease [1]. Lithium Ore - The average price of lithium spodumene concentrate (CIF China) is 760 with a change of 5 [1]. - The prices of lithium mica with different Li₂O contents are: 1085 for Li₂O: 1.5% - 2.0%, 1710 for Li₂O: 2.0% - 2.5%; the prices of amblygonite are 5350 for Li₂O: 6% - 7% (with a change of 75) and 6280 for Li₂O: 7% - 8% (with a change of 85) [2]. Cathode Materials - The average price of lithium iron phosphate (power type) is 32,630, the average price of ternary material 811 (polycrystalline/power type) is 145,170 with a 20 increase, the average price of ternary material 523 (single - crystal/power type) is 116,855 with a 30 increase, and the average price of ternary material 613 (single - crystal/power type) is 122,485 with a 10 increase [2]. Price Spreads - The difference between battery - grade and industrial - grade lithium carbonate (electro - carbon - industrial carbon) is 2100; the difference between battery - grade lithium carbonate and the main contract is 2310 with a 200 change; the difference between the near - month and the first - continuous contract is 120 with an 80 change; the difference between the near - month and the second - continuous contract is - 120 with a 200 change [2]. Inventory - The total inventory (weekly, tons) is 141,726 with a - 1444 change, the inventory of smelters (weekly, tons) is 51,958 with a - 3427 change, the inventory of downstream (weekly, tons) is 45,888 with a 3073 change, the inventory of others (weekly, tons) is 43,880 with a - 1090 change, and the registered warehouse receipts (daily, tons) is 12,603 with a 5998 change [2]. Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 68,441, and the profit is 75,292; the profit of externally purchased lithium mica concentrate is - 6850 [3].