【10月9日碳酸锂现货价格暂时持稳，期货延续震荡】10月9日，电池级碳酸锂指数价格73446元/吨，环 比降42元/吨；电池级碳酸锂均价7.355万元/吨，工业级碳酸锂均价7.13万元/吨，均与上一工作日持平。 碳酸锂期货主力合约在7.26 - 7.53万元/吨震荡，节后首日市场成交清淡，上下游观望。供应上，锂辉石 和盐湖端有新产线投产，10月碳酸锂总产量或增长。需求端，动力市场新能源车商乘用齐增，储能市场 供需两旺。总体而言，10月供应虽增，但动力与储能需求强，市场将大幅去库，或现阶段性供应偏紧。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

2025 年 9 月 29 日 碳酸锂：区间震荡，关注地方以旧换新补贴暂停 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2511合约（收盘价） | 72,880 | -1,160 | -1,080 | 1,720 | -5,980 | 11,600 | | | | 2511合约（成交量） | 481,020 | 138,301 | 110,661 | 70,031 | -248,625 | 449,272 | | | | 2511合约（持仓量） | 248,640 | -12,501 | -32,624 | -60,762 | -102,682 | 159,252 | | | 盘面 | 2601合约（收盘价） | 72,820 | -1 ...

Core Viewpoint - The first large-scale lithium extraction project from a salt lake in Tibet has officially commenced production, marking a significant milestone for the company and the industry [1][5]. Company Summary - The project, located in the Zabuye salt lake, has a designed annual production capacity of 9,600 tons of battery-grade lithium carbonate, 2,400 tons of industrial-grade lithium carbonate, 156,000 tons of potassium chloride, and 200 tons of rubidium and cesium mixed salt [1][7]. - The project was initially planned to be completed by July 2023 but faced delays due to various issues, including construction violations, and only entered trial production in June 2024 [4][9]. - The company estimates that the new production capacity could generate over 1 billion yuan in annual revenue, which is crucial given the current downturn in the lithium industry [3][8]. Industry Summary - The Zabuye project is the first large-scale industrial facility globally to utilize membrane separation and MVR technology for lithium extraction, indicating a technological advancement in the industry [7]. - The domestic market price for battery-grade lithium carbonate is currently around 73,700 yuan per ton, while potassium chloride is priced at approximately 3,100 yuan per ton, suggesting a potential project value of about 1.192 billion yuan upon full capacity [7][8]. - The overall development of salt lake resources in Tibet is lagging behind that of Qinghai, but with the launch of projects like Zabuye, there is potential for accelerated scaling in the region, aiming for a combined capacity of over 80,000 tons of lithium salts in the medium to long term [11][12].

ITG国贸期货 投资咨询业务资格:证监许可【2012】31号 碳酸锂数据日报 国贸期货研究院 谢灵 投资咨询号: Z0015788 从业资格号: F3040017 2025/09/26 有色金属研究中心 研究助理 陈宇森 从业资格号: F03123927 数据来源:SMM. 公开新闻整理 100000 锂化合物 平均价 涨跌 SMM电池级碳酸锂 73750 -100 3000 80000 SMM工业级碳酸锂 71500 -100 2500 收盘价 涨跌幅 期货合约 60000 2000 碳酸锂2510 73740 0.63% 碳酸锂2511 74040 0. 93% 40000 碳酸锂2512 0. 76% 74060 1000 碳酸锂2601 > 74000 0. 87% 20000 500 碳酸锂2602 73680 0. 71% 平均价 锂矿 锂辉石精矿(CIF中国) 856 0 4-6 (1 i 20 · 5 5%-6%) 利润估算 种类 外购锂辉石精矿现金成本 75328 H 利 tt 江 外购锂辉石精矿利润 -2650 外购锂云母精矿现金成本 78729 F 外购锂云母精矿利润 -8042 行业 ...

2025 年 9 月 26 日 碳酸锂：产量增势不减，震荡运行 | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2511合约（收盘价） | 74,040 | 1,160 | 1,160 | 3,040 | -4,980 | 13,300 | | | | 2511合约（成交量） | 342,719 | -2,502 | -159,550 | -83,322 | -216,880 | 314,698 | | | | 2511合约（持仓量） | 261,141 | 487 | -20,270 | -62,315 | -88,355 | 173,828 | | | 盘面 | 2601合约（收盘价） ...

据了解，西藏扎布耶盐湖是世界第三大、亚洲第一大锂矿盐湖，具有碳酸锂储量规模较大、品位高、镁 锂比低等优势，是全球少有的天然碳酸锂资源。 每经记者｜胥帅 每经编辑｜董兴生 公告字少，含金量却很大。 9月25日晚间，西藏矿业（000762.SZ，股价22.58元，市值117.68亿元）公告称，西藏扎布耶盐湖绿色综 合开发利用万吨电池级碳酸锂项目正式投产。记者了解到，这意味着该项目结束试生产阶段，可投入规 模生产。也意味着扎布耶盐湖将成为西藏首个进入规模生产的大型盐湖。 西藏扎布耶盐湖是世界第三大、亚洲第一大锂矿盐湖，其卤水含锂浓度仅次于智利阿塔卡马盐湖。上述 项目自公告至今长达4年，这4年间，锂价经历了从供不应求到供给过剩，再到供给宽松。除西藏矿业 外，天齐锂业也持有项目公司20%股权。 西藏矿业表示，公司具有比世界同类盐湖更优的资源，成本比国内其他盐湖成本低20%，比锂矿提取价 格低50%~70%左右。除了西藏矿业，今年盐湖提锂放量的还有盐湖股份，其4万吨/年锂盐项目总体进度 在上半年达到71%，预计9月底进入投料试车。 亚洲第一大锂矿盐湖投产 西藏矿业公告显示，西藏扎布耶盐湖绿色综合开发利用万吨电池级碳酸锂项 ...

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - The imbalance between supply and demand in the lithium carbonate market is prominent, with strong supply and weak demand due to capacity mismatch, and the downward trend is difficult to change [11] - There are both positive and negative factors in the market. Positive factors include manufacturers' plans to halt production and reduce output, a decline in the volume of lithium carbonate imported from Chile, and a decrease in the import volume of spodumene. Negative factors include the continuous high supply at the ore/salt lake end with limited decline, and the insufficient willingness of the power battery end to take delivery [9][10] - It is expected that the demand will strengthen next month, inventory may be reduced, and the cost of 6% concentrate CIF will decrease on a daily basis, falling below the historical average level. The supply - demand pattern will shift to demand - led, and lithium carbonate 2511 will fluctuate in the range of 71,780 - 73,980 [8] 3. Summary by Relevant Catalogs 3.1 Daily Views Fundamental Analysis - **Cost Side**: The cost of purchased spodumene concentrate is 75,297 yuan/ton, with a daily - on - daily decrease of 0.31%, resulting in a loss of 2,519 yuan/ton in production. The cost of purchased lepidolite is 78,729 yuan/ton, with a daily - on - daily decrease of 0.72%, resulting in a loss of 7,944 yuan/ton in production. The production cost at the recycling end is close to that at the ore end, with average production enthusiasm. The quarterly cash production cost at the salt lake end is 31,745 yuan/ton, significantly lower than that at the ore end, with sufficient profit margins and strong production motivation [8] - **Demand Side**: Last week, the inventory of lithium iron phosphate sample enterprises was 96,217 tons, a month - on - month increase of 0.81%. The inventory of ternary material sample enterprises was 17,545 tons, a month - on - month increase of 0.09% [8] - **Inventory**: The inventory of smelters is 34,456 tons, a month - on - month decrease of 4.85%, lower than the historical average. The downstream inventory is 59,495 tons, a month - on - month increase of 2.09%, higher than the historical average. Other inventories are 43,580 tons, a month - on - month decrease of 0.99%, higher than the historical average. The total inventory is 137,531 tons, a month - on - month decrease of 0.70%, higher than the historical average [8] - **Supply Expectation**: In August 2025, the output of lithium carbonate was 85,240 physical tons, and the predicted output for next month is 86,730 physical tons, a month - on - month increase of 1.75%. In August 2025, the import volume of lithium carbonate was 21,847 physical tons, and the predicted import volume for next month is 19,500 physical tons, a month - on - month decrease of 10.74% [8] Other Indicators - **Basis**: On September 24, the spot price of battery - grade lithium carbonate was 73,850 yuan/ton, the basis of the 11 - contract was 970 yuan/ton, and the spot price was at a premium to the futures price, showing a positive signal [8] - **Disk**: The MA20 of the disk is downward, and the futures price of the 11 - contract closed below the MA20, showing a negative signal [8] - **Main Position**: The net short position of the main position increased, showing a negative signal [8] 3.2 Market Overview - **Futures Closing Price and Basis**: The futures closing price showed a downward trend, and the basis increased significantly. For example, the futures closing price decreased by 0.98% - 1.06%, and the basis increased by 145.10% - 458.82% [14] - **Registered Warehouse Receipts**: The number of registered warehouse receipts was 39,749, an increase of 0.76% [14] - **Upstream Prices**: The price of spodumene (6%) decreased by 0.47% to 856 US dollars/ton, and the price of lepidolite concentrate (2% - 2.5%) decreased by 1.32% to 1,875 yuan/ton. The prices of other upstream products such as anhydrous iron phosphate remained unchanged [14] - **Positive Material and Lithium Battery Prices**: The prices of some ternary precursors and ternary materials increased slightly, while the prices of lithium iron phosphate and lithium - ion batteries remained unchanged [14] 3.3 Supply - Related Data Lithium Ore - **Price and Output**: The price of lithium ore has fluctuated, and the output of domestic spodumene mines and lepidolite has shown different trends over the years [23] - **Import and Self - Sufficiency Rate**: The monthly import volume of lithium concentrate has changed, and the self - sufficiency rate of lithium ore has also fluctuated [23] - **Supply - Demand Balance**: From 2024 to 2025, the supply - demand balance of domestic lithium ore has been fluctuating, with a shortfall in most months [26] Lithium Carbonate - **Production and Capacity**: The weekly and monthly production and capacity of lithium carbonate have changed over time, with different changes in production from different raw materials such as spodumene, lepidolite, and salt lake [29] - **Import and Export**: The monthly import volume of lithium carbonate has changed, and the export volume has also shown different trends [29] - **Supply - Demand Balance**: From 2024 to 2025, the supply - demand balance of lithium carbonate has been fluctuating, with both surpluses and shortages [36] Lithium Hydroxide - **Production and Capacity Utilization**: The weekly capacity utilization rate and monthly production of lithium hydroxide have changed, and the production from different sources such as smelting and causticization has also shown different trends [39] - **Export**: The export volume of lithium hydroxide has changed over the years [39] - **Supply - Demand Balance**: From 2024 to 2025, the supply - demand balance of lithium hydroxide has been fluctuating, with surpluses in most months [41] 3.4 Cost - Profit of Lithium Compounds - The cost and profit of purchasing spodumene concentrate, lepidolite concentrate, and recycling materials for lithium carbonate production have changed over time. For example, the production of lithium carbonate from purchased spodumene concentrate and lepidolite concentrate is currently in a loss state [44][46] - The profit of purifying industrial - grade lithium carbonate, the profit of carbonizing lithium hydroxide into lithium carbonate, and the profit of causticizing lithium carbonate into lithium hydroxide have also changed [46][49] 3.5 Inventory - The weekly and monthly inventories of lithium carbonate and lithium hydroxide have changed, with different trends in inventory at the smelter end, downstream end, and other ends [51] 3.6 Demand - Related Data Lithium Battery - **Price and Output**: The price of lithium batteries has changed, and the monthly output of power batteries and energy - storage batteries has also shown different trends [55] - **Export**: The export volume of lithium batteries has changed over the years [55] Ternary Precursor - **Price and Production**: The price of ternary precursors has changed, and the monthly production and capacity utilization rate have also shown different trends [61] - **Supply - Demand Balance**: From 2024 to 2025, the supply - demand balance of ternary precursors has been fluctuating, with both surpluses and shortages [64] Ternary Material - **Price and Production**: The price of ternary materials has changed, and the weekly production and inventory have also shown different trends [67][70] Iron Phosphate/Iron Phosphate Lithium - **Price and Production**: The price of iron phosphate/iron phosphate lithium has changed, and the monthly production, export volume, and inventory have also shown different trends [74][77] New Energy Vehicle - **Production, Sales, and Penetration Rate**: The production, sales, and sales penetration rate of new energy vehicles have changed over the years [82][83] - **Inventory and Zero - Batch Ratio**: The monthly inventory index and zero - batch ratio of new energy vehicle dealers have also changed [86]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The lithium carbonate market is currently in a state of supply - demand imbalance, with over - supply leading to a downward trend that is difficult to reverse. The main logic is capacity mismatch, resulting in strong supply and weak demand. There are both positive and negative factors in the market. Positive factors include manufacturers' production cut plans, a decrease in lithium carbonate imports from Chile, and a decline in lithium spodumene imports. Negative factors include continuous high supply at the ore/salt lake end with limited decline, and insufficient willingness of power battery manufacturers to take delivery [8][9][10][11] 3. Summary According to the Directory 3.1 Daily Viewpoints - **Fundamentals**: Last week, the inventory of lithium iron phosphate sample enterprises was 96,217 tons, a week - on - week increase of 0.81%, and the inventory of ternary material sample enterprises was 17,545 tons, a week - on - week increase of 0.09%. The cost of externally purchased lithium spodumene concentrate was 75,527 yuan/ton, a daily increase of 0.13%, with a production loss of 3,096 yuan/ton. The cost of externally purchased lithium mica was 78,845 yuan/ton, a daily increase of 1.94%, with a production loss of 8,402 yuan/ton. The quarterly cash production cost at the salt lake end was 31,745 yuan/ton, with sufficient profit margins [8] - **Basis**: On September 19, the spot price of battery - grade lithium carbonate was 73,500 yuan/ton, and the basis of the 11 - contract was - 460 yuan/ton, with the spot at a discount [8] - **Inventory**: The smelter inventory was 34,456 tons, a week - on - week decrease of 4.85%, lower than the historical average. The downstream inventory was 59,495 tons, a week - on - week increase of 2.09%, higher than the historical average. The total inventory was 137,531 tons, a week - on - week decrease of 0.70%, higher than the historical average [8] - **Market Chart**: The MA20 of the market chart was downward, and the futures price of the 11 - contract closed below the MA20, showing a bearish trend [8] - **Main Position**: The net short position of the main players decreased, showing a bearish trend [8] - **Expectation**: In August 2025, the lithium carbonate production was 85,240 physical tons, and it is predicted that next month's production will be 86,730 physical tons, a month - on - month increase of 1.75%. The import volume in August was 17,000 physical tons, and it is predicted that next month's import will be 19,500 physical tons, a month - on - month increase of 14.71%. It is expected that demand will strengthen next month, inventory may be reduced, and the price of lithium carbonate 2511 will fluctuate in the range of 72,740 - 75,180 [8] 3.2 Market Overview - **Lithium Ore**: The price of 6% lithium spodumene was 859 US dollars/ton, a daily increase of 0.12%. The price of lithium mica concentrate (2 - 2.5%) was 1,880 yuan/ton, a daily increase of 3.58% [14] - **Lithium Salt**: The price of battery - grade lithium carbonate was 73,500 yuan/ton, a daily increase of 0.07%. The price of industrial - grade lithium carbonate was 71,250 yuan/ton, a daily increase of 0.07% [14] - **Positive Electrode Materials and Lithium Batteries**: The prices of most positive electrode materials and lithium batteries showed small fluctuations, with some products remaining unchanged [14] 3.3 Supply - Lithium Ore - **Price and Production**: The price of lithium ore has shown certain fluctuations, and the production of lithium spodumene and lithium mica mines has different trends in different periods [23] - **Import and Export**: The import volume of lithium concentrate has increased, and the export volume has also changed to a certain extent. The supply - demand balance of domestic lithium ore shows different situations in different months [26] 3.4 Supply - Lithium Carbonate - **Production and Capacity**: The weekly and monthly production and capacity of lithium carbonate from different sources (lithium spodumene, lithium mica, salt lake, and recycling) have different changes [29] - **Import and Export**: The import volume of lithium carbonate from different countries has changed, and the supply - demand balance of lithium carbonate also shows different results in different months [35] 3.5 Supply - Lithium Hydroxide - **Production and Capacity Utilization**: The weekly capacity utilization rate and monthly production of lithium hydroxide from different sources (smelting and causticizing) have changed, and the export volume has also shown different trends in different years [38] - **Supply - Demand Balance**: The supply - demand balance of lithium hydroxide shows different situations in different months [40] 3.6 Lithium Compound Cost - Profit - **Cost and Profit of Lithium Spodumene and Lithium Mica**: The production cost and profit of externally purchased lithium spodumene concentrate and lithium mica concentrate have changed, and the processing cost is composed of multiple parts [43] - **Import and Other Profits**: The import profit of lithium carbonate, the profit of recycling and producing lithium carbonate, and the profit of lithium hydroxide processing and exporting have all changed [43][45][48] 3.7 Inventory - **Lithium Carbonate Inventory**: The weekly and monthly inventory of lithium carbonate in smelters, downstream, and other aspects has different trends [50] - **Lithium Hydroxide Inventory**: The monthly inventory of lithium hydroxide in downstream and smelters has changed [50] 3.8 Demand - Lithium Battery - **Price and Production**: The price of lithium batteries has shown small fluctuations, and the monthly production, shipment volume, and export volume of lithium batteries have different trends [54] - **Inventory and Bidding**: The inventory of lithium battery cells and the EPC bidding situation of energy storage systems have changed [56] 3.9 Demand - Ternary Precursor - **Price and Cost**: The price of ternary precursors has changed, and the cost and profit of different types of ternary precursors have different trends [59] - **Capacity Utilization and Supply - Demand Balance**: The capacity utilization rate of ternary precursors has changed, and the supply - demand balance also shows different situations in different months [59][62] 3.10 Demand - Ternary Material - **Price and Cost - Profit**: The price of ternary materials has changed, and the cost - profit trend of different types of ternary materials has different characteristics [64] - **Production and Inventory**: The production and weekly inventory of ternary materials have changed [64][66] 3.11 Demand - Phosphorus Iron/Phosphorus Iron Lithium - **Price and Cost - Profit**: The price of phosphorus iron/phosphorus iron lithium has changed, and the cost - profit situation of phosphorus iron lithium has different trends [68] - **Production and Inventory**: The production and weekly inventory of phosphorus iron and phosphorus iron lithium have changed [68][71] 3.12 Demand - New Energy Vehicle - **Production, Sales, and Export**: The production, sales, and export volume of new energy vehicles have different trends, and the sales penetration rate has also changed [76] - **Retail - Wholesale Ratio and Inventory Index**: The retail - wholesale ratio of hybrid and pure - electric new energy vehicles and the inventory warning and inventory indexes of dealers have changed [80]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - Affected by CATL's meeting related to the resumption of the Jianxiawo lithium mine, the market sentiment is negative, and there is a discussion about whether the eight major mines will shut down simultaneously on September 30. Fundamentally, if they shut down, the impact on the total supply will be limited as other sources can supplement. Emotionally, shutdowns will stimulate the market's bullish sentiment. In the short term, the futures price is expected to fluctuate, and attention should be paid to the end - of - month time node [2] Group 3: Summary According to Related Catalogs Lithium Compound Prices - The average price of SMM battery - grade lithium carbonate is 72,850, with a change of 400; the average price of SMM industrial - grade lithium carbonate is 70,600, with a change of 400 [1] Futures Contract Prices - The closing price of lithium carbonate 2510 is 73,060, with a 1.25% increase; 2511 is 73,180, with a 1.3% increase; 2512 is 73,320, with a 1.24% increase; 2601 is 73,340, with a 1.27% increase; 2602 is 73,240, with a 1.05% increase [1] Lithium Ore Prices - The price of lithium spodumene concentrate (CIF China) is 853, with a change of 5; the price of lithium mica (Li20: 1.5% - 2.0%) is 1105, with a change of 30; (Li20: 2.0% - 2.5%) is 1815, with a change of 40; the price of amblygonite (Li20: 6% - 7%) is 6090, with a change of 115; (Li20: 7% - 8%) is 7205, with a change of 140 [1][2] Cathode Material Prices - The average price of lithium iron phosphate (power type) is 33,470, with a change of 95; the average price of ternary material 811 (polycrystalline/power type) is 146,650, with a change of 200; 523 (single - crystal/power type) is 119,650, with a change of 200; 613 (single - crystal/power type) is 124,150, with a change of 200 [2] Price Spreads - The spread between battery - grade and industrial - grade lithium carbonate is 2250, with a change of 0; the spread between battery - grade lithium carbonate and the main contract is - 330, with a change of - 100; the spread between the near - month and the first - continuous contract is - 120, with a change of 40; the spread between the near - month and the second - continuous contract is - 260, with a change of 100 [2] Inventory - The total weekly inventory is 138,512 tons, with a change of - 1580 tons; the weekly inventory of smelters is 36,213 tons, with a change of - 3262 tons; the weekly inventory of downstream is 58,279 tons, with a change of 3072 tons; the weekly inventory of others is 44,020 tons, with a change of - 1390 tons; the daily registered warehouse receipts are 38,824 tons, with a change of - 139 tons [2] Production Profit - The cash cost of purchasing lithium spodumene concentrate externally is 75,067, and the profit is - 3280; the cash cost of purchasing lithium mica concentrate externally is 77,345, and the profit is - 7539 [2] Industry Policy - The eight departments including the Ministry of Industry and Information Technology issued the "Automobile Industry Steady Growth Work Plan (2025 - 2026)", aiming to promote the industrial application of intelligent and connected technologies, standardize the competition order in the automobile industry, and encourage multi - scenario applications [2]

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Report's Core View - The report presents the average prices, price changes, and spot premium/discounts of various non - ferrous metals on September 15, 2025, including copper, aluminum, lead, zinc, tin, nickel, silicon, and lithium [1]. 3. Summary by Metals Copper - SMM 1 electrolytic copper average price is 80,940 with a rise of 185, and SMM flat - water copper premium/discount is 50 with a fall of 15 [1]. Aluminum - SMM A00 aluminum average price is 20,950 with a fall of 70, and SMM A00 aluminum premium/discount is - 50 with a fall of 10; Alumina (Shanxi) price is 3,045 with a fall of 5, and Australian alumina FOB average price is 340 with no change [1]. Lead - SMM 1 lead ingot average price is 16,950 with a rise of 175, and SMM 1 lead ingot premium/discount to the current - month futures at 10:15 is - 70 with no change; Recycled refined lead average price is 16,900 with a rise of 150, and the refined - scrap price difference is 50 with a rise of 25 [1]. Zinc - SMM 0 zinc ingot average price is 22,230 with no change, and SMM 0 zinc ingot premium/discount to the current - month futures at 10:15 is - 15 with a fall of 5 [1]. Tin - SMM 1 tin average price is 273,300 with a fall of 600, and SMM 1 tin premium/discount to the current - month futures at 10:15 is 300 with a rise of 200; 40% tin concentrate (Yunnan) average price is 261,300 with a fall of 600, and the ratio of 40% tin concentrate (Yunnan) to SMM 1 tin is 95.61% [1]. Nickel - 1 imported nickel average price is 122,150 with a rise of 100, and 1 imported nickel premium/discount to the SHFE nickel contract average price is 300 with no change; 1 Jinchuan nickel average price is 124,150 with a rise of 150, and 1 Jinchuan nickel premium/discount to the SHFE nickel contract average price is 2,300 with a rise of 50 [1]. Silicon - The average price of Tongyang 553 (Xinjiang) plus 800, considering regional discount + 200 and quality impurity removal, is 9,650 with a rise of 50, and 553 spot premium/discount to the current - month futures at 10:15 is 950 with a rise of 1,050; 421 silicon (Kunming) average price is 9,650, polycrystalline silicon dense material average price is 0, granular silicon average price is 0, and N - type polycrystalline silicon material average price is 51.55 [1]. Lithium - Battery - grade lithium carbonate average price is 72,450 with no change, and battery - grade lithium carbonate premium/discount to the current - month futures at 10:15 is 190 with a fall of 1,340; Industrial - grade lithium carbonate average price is 70,200, and the difference between battery - grade and industrial - grade lithium carbonate is 2,250 with no change [1].