关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源： #鑫椤锂电 碳酸锂： 三元材料 8 系 811 型： 1 5 -1 5.5 万元 / 吨 磷酸铁锂： 目前国内磷酸铁锂市场整体处于供应偏紧的状态， 头部材料厂为了确保订单供应，也选择性的对一些电池厂进行价格 的上调。 9 月 29 日晚间，富临精工公告披露，公司和宁德时代拟共同对子公司江西升华新材料有限公司（下称"江西 升华"）增资扩股，这也对其他几家头部铁锂厂带来一定的压力。 磷酸铁锂 10 月 11 日 最 新价格： 节后国内碳酸锂现货市场价格继续在 7.3-7.4 万元 / 吨窄幅波动，此价格已维持了近一个月， 其原因还是受下游强需 求的支撑，节日期间市场库存呈现缓慢下降的趋势，目前龙蟠科技已通过外采开始正常生产，江西其他几家锂矿企业已 提交了相关报告，等待最后的批复。 碳酸锂 10 月 11 日 最新价格： 电池级 99.5% ： 7.25-7.45 万元 / 吨 工业级 99.2% ： 7.1-7.2 万元 / 吨 三元材料： 节后国内三元材料市场价格继续上涨。 受节前钴出口 配额制管理 的影响， ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鑫椤锂电 10月锂电排产： 国内电池样本企业： 141.64GWH；环比+9.59% 海外电池样本企业： 24.4GWH；环比+2.52% 正极： 16.45万吨；环比+2.46% 负极： 15.8万吨；环比+3.95% 隔膜： 18.25亿平；环比+11.62% 电解液： 9.9万吨；环比+2.6% 会议详情： 会议主办： 鑫椤资讯 会议时间： 2025年11月12-13日（12号报到） 会议地点： 中国·上海 会议咨询： 13248122922(微信同） END ...

主办单位： 高工锂电、高工产研（GGII） 协办单位： 卡洛维德 总冠名： 海目星激光 年会特别赞助： 大族锂电 专场冠名： 英联复合集流体、逸飞激光、华视集团、欧科工业空调 金球奖全程特约赞助： 思客琦 时间&地点： 2025年11月18-20日 深圳前海华侨城JW万豪酒店 会议合作： 陈女士 13560731836（微信同号） 10 月锂电池行业排产数据再度超预期，在 9 月高基数基础上继续上行，旺季叠加 储能爆发共振下的供需拐点 确立 。 产业逻辑正在切换 ， 从被动出清产能，转向主动补库存、优质产能争夺。产业运行正推动锂电有节奏进入上行。 综合多方数据， 10 月电池排产高位上行，在 9 月的高位上环比增幅 10% 。 Top20 电池厂电池排产环比增幅超 20% ，其中储能电芯占比超过 40% 。 倒计时39天 2025（第十五届）高工锂电年会 暨十五周年庆典&高工金球奖颁奖典礼 同时，国内新能源重卡1-8月销量超10万辆，同比增长超180%。强劲增速拉动单车带电量抬高，成为驱动动力电池装机的又一增长极。 随着电芯产能在动力、储能的两大需求催化下持续吃紧 ，头部企业的议价能力与产能话语权 将 增强。 ...

瑞达期货研究院 「2025.10.10」 碳酸锂市场周报 需求提振库存去化，锂价或将有所支撑 研究员:陈思嘉 期货从业资格号 F03118799 期货投资咨询 从业证书号 Z0022803 关 注 我 们 获 取 更 多 资 讯 业务咨询 添加客服 目录 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 行情回顾：碳酸锂主力周线震荡走势，涨跌幅为-0.08%，振幅3.65%。截止本周主力合约收盘报价72740元/吨。 后市展望：宏观方面，财政部、商务部宣布，开展消费新业态新模式新场景试点和国际化消费环境建设。中央财政将 对试点城市给予资金补助，政策实施期均为两年。碳酸锂基本面供给端，国内矿石提锂、盐湖提锂皆有新增投产，锂 云母方面受到矿区不确定性影响产能回落，锂电回收方面亦有所增量。智利碳酸锂出口仍小幅收敛，预计到港后国内 进口亦将有所减少，故总体来看，国内碳酸锂供给量保持稳定小增状态。需求端，碳酸锂下游长假后逐步复工复产， 叠加政策方面给予产业积极的消费预期，碳酸锂应用端新能源汽车、储能行业在传统旺季下的发力，令碳酸锂需求提 升明显。整体来看，碳酸锂基本面或处于供给稳增、需求提振的局面，产业 ...

➡电池：合计10月135.8GWh，环比7.9% A：10月73.5GWh，环比5.8% B：10月25.3GWh，环比4.1% C：10月11.9GWh，环比14.4% D：10月12.5GWh，环比16.8% E：10月11.8GWh，环比16.9% F：10月0.9GWh，环比0.0% ➡正极：合计10月16.5万吨，环比0.7% A：10月9.0万吨，环比0.0% B：10月2.7万吨，环比0.0% C：10月0.7万吨，环比-10.5% D：10月1.4万吨，环比10.8% E：10月1.5万吨，环比3.8% F：10月1.2万吨，环比0.0% ➡负极：合计10月16.3万吨，环比5.8% A：10月5.6万吨，环比1.8% B：10月5.6万吨，环比16.7% C：10月3.8万吨，环比5.6% D：10月1.3万吨，环比-13.3% ➡隔膜：合计10月17.2亿平，环比4.3% A：10月9.5亿平，环比5.6% B：10月4.3亿平，环比0.0% C：10月3.4亿平，环比6.3% ➡电解液：合计10月10.0万吨，环比4.2% A：10月7.1万吨，环比4.4% B：10月2.9万吨，环比3 ...

Core Viewpoint - The lithium hexafluorophosphate (LiPF6) industry is experiencing a recovery driven by changes in supply and demand dynamics, with leading companies maintaining high capacity utilization during the recent holidays [1][2][3]. Group 1: Market Dynamics - Leading LiPF6 companies have continued operations during the National Day and Mid-Autumn Festival holidays, indicating strong market demand [1][2]. - The average price of LiPF6 has rebounded from a low of 49,500 yuan/ton on July 18 to 63,300 yuan/ton by September 30, reflecting a significant recovery in pricing [3]. - The increase in LiPF6 prices is not solely attributed to fluctuations in lithium carbonate prices, as the actual price rise has exceeded the cost increase associated with lithium carbonate [3]. Group 2: Production and Capacity - Tianji Co. reports that all three of its LiPF6 plants are operating at full capacity, with low inventory levels and rising prices [3]. - The current production capacity of Tianji Co. for LiPF6 is 37,000 tons per year, and the company expects to maintain full production in the second half of the year [3]. - The overall LiPF6 industry is recovering from previous losses, with high operating rates among the top three suppliers, while less competitive capacities are either underutilized or inactive [3][4]. Group 3: Future Outlook - The demand for new energy storage installations is expected to continue growing over the next 1-2 years, contributing to the recovery of the lithium battery supply chain [1][6]. - According to Citic Securities, the supply and demand for LiPF6 are currently in a tight balance, with potential supply gaps anticipated if industry growth continues next year [5]. - The global energy storage market is experiencing a surge in demand, driven by increased penetration of renewable energy and declining system costs, with significant growth expected in both domestic and international markets [7][8].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The market characteristics of technology and non - ferrous metals in overseas markets during the National Day holiday are expected to continue in the A - share market after the holiday. In October, during the disclosure period of the third - quarter reports, attention should be paid to convertible bond opportunities in sub - sectors with performance realization, including optical modules, storage, lithium - battery, and non - ferrous metals sectors [1][10][15]. - In October, the convertible bond market's 100 - yuan premium rate is expected to fluctuate in the range of 30% - 37%. On one hand, it is difficult for the valuation to break through the end - of - August high; on the other hand, the convertible bond valuation has support due to the upward - trending A - share market [2][16]. 3. Summary According to the Table of Contents 3.1 10 - month Convertible Bond Outlook: Valuation Range Fluctuation, Optimistic about Technology & Non - ferrous Metals - During the National Day holiday, there were continuous catalysts in the overseas AI chain. South Korea's two memory chip giants reached a preliminary supply agreement with OpenAI's Star Gate project, and AMD signed a chip supply agreement with OpenAI, which is expected to increase the company's annual revenue by tens of billions of dollars. Meanwhile, the "shutdown" of the US government pushed up the gold price, and COMEX gold broke through the $4000 mark [1][10]. - In October, attention should be paid to convertible bond opportunities in sub - sectors with performance realization, such as optical modules, storage, lithium - battery, and non - ferrous metals sectors. Specific individual bonds are recommended, including Jiayuan Convertible Bonds in the optical module sector, Tianci, Yiwei, Dianhua, and Guanyu Convertible Bonds in the lithium - battery sector, and Bo 23 Convertible Bonds in the non - ferrous metals sector [1][15]. - In October, the convertible bond market's 100 - yuan premium rate is expected to fluctuate in the range of 30% - 37%. The end - of - August convertible bond valuation was relatively high, and it is difficult to break through this high in October, but there is support for the valuation due to the upward - trending A - share market [2][16]. 3.2 September Market Review 3.2.1 Equity Market - In September, the A - share market fluctuated upward, with the Shanghai Composite Index once challenging the 3900 - point mark. The market trading was active, with an average daily trading volume of 2.42 trillion yuan, an increase of 109.38 billion yuan compared to August. The growth and cyclical styles were dominant, while the financial and consumer styles performed poorly [20]. - The lithium - battery sector led the rise, and the non - ferrous metals sector also performed well. The military and large - financial sectors performed poorly [25]. 3.2.2 Convertible Bond Market - In September, the convertible bond market showed a fluctuating trend. The monthly increase of the CSI Convertible Bond Index was +2.0%, underperforming the Wanquan A Index. The trading volume of the convertible bond market decreased compared to August, with an average daily trading volume of 79.76 billion yuan, a decrease of 12.52 billion yuan [28]. - In terms of industry performance, the convertible bonds of the electronics, non - ferrous metals, and automobile sectors led the rise. Individual bonds such as Jize, Guanzhong, and Huicheng Convertible Bonds led the increase, while Borei, Tianlu, and Tongguang Convertible Bonds led the decline [33]. 3.3 Convertible Bond Valuation - In September, the convertible bond valuation showed a range - fluctuating characteristic. The end - of - September 100 - yuan premium rate of the convertible bond market was 33.9%, an increase of 1.71 percentage points compared to the end of August, and was at a high percentile level since 2018 and 2021 [36]. - Different par values had corresponding conversion premium rates, which also increased compared to the end of August and were at high percentile levels [36]. 3.4 Convertible Bond Supply and Demand 3.4.1 Convertible Bond Supply - In September 2025, the issuance scale of convertible bonds increased both year - on - year and month - on - month. Two new convertible bonds were issued, with a total scale of 3.5 billion yuan [49]. - As of September 30, two convertible bonds waiting to be issued obtained regulatory approval, with a total scale of 5.479 billion yuan. Five public convertible bond board plans were added, with a total scale of 4.199 billion yuan [53][55]. 3.4.2 Convertible Bond Demand - The share of the Convertible Bond ETF decreased in September. As of September 30, the share decreased by 342 million units to 4.484 billion units, and the circulation scale decreased by 3.426 billion yuan to 60.573 billion yuan [57]. 3.5 Clause Tracking 3.5.1 Redemption - As of September 30, 16 convertible bonds were confirmed for forced redemption, 11 were not to be redeemed, and 10 might trigger forced redemption [61]. 3.5.2 Downward Revision - As of September 30, six convertible bonds were confirmed for downward revision, 20 announced no downward revision for the time being, five proposed downward revision (three of which had completed the downward revision), and 10 might trigger downward revision [62].

机械ETF（516960）跟踪的是细分机械指数（000812），该指数聚焦于机械设备行业，从市场中选取涉 及专用设备、通用机械等领域的优质上市公司证券作为指数样本，以反映机械设备行业相关上市公司证 券的整体表现和发展趋势。 （文章来源：每日经济新闻） 国金证券指出，8月国内储能装机稳步回升，同/环比增长58%/63%，1～8月累计装机同比+36%，美国 市场受ITC法案调整影响，8月并网量同增47%但环比回落28%。锂电行业10月排产环比增长3%～9%， 电池、负极、电解液等环节同比增幅超40%，需求端持续扩张。碳酸锂、氢氧化锂价格月涨幅达20%， 电芯及电解液价格同步上行，仅铁锂材料因供应链调整小幅下跌。固态电池技术进入关键窗口期，2025 年下半年起复合集流体将逐步量产，全固态电池中试线加速布局，预计2026～2027年实现示范装车。行 业库存周期已进入补库阶段，部分环节供需格局改善，叠加新技术突破，产业链景气度呈现多元化提 升。 ...

六氟磷酸锂（LiPF6）散单价格 10 月已上涨至 6.5-6.7 万元/吨，较三季 度均价 6.1-6.2 万元/吨上涨约 5,000 元，主要受碳酸锂等原材料涨价和 储能需求超预期增长驱动，其中碳酸锂涨价贡献约 30%-40%的涨幅。 储能市场需求激增，导致六氟磷酸锂在储能领域的应用比例从往年的 20%提升至近 40%，预计高景气度将维持到 2026 年中，下游排产计划 饱满，但需持续关注后续增量情况。 头部企业正就长单合同价格进行谈判，预计 10 月下旬新价格将落地并 可能上调，反映涨价趋势已影响长单市场。市场预期年底六氟磷酸锂价 格可能达到 7 万元/吨，散单和长单均价或将向此靠拢。 头部企业如天赐、多氟多、天际产能利用率维持高位，分别拥有 11 万 吨、6.2-6.3 万吨、3.7-3.8 万吨产能，占据市场有效产能约 70%。头 部企业暂缓新增产能计划，以避免议价能力下降和利润率降低。 长单计价模式基于碳酸锂价格波动模型，价格在一定范围内波动时，六 氟磷酸锂价格随之调整；超出范围则需重新议价。重新议价机制在原材 料价格或订单量波动超过固定值时启动。 六氟磷酸锂涨价持续性研判 20251008 摘要 ...

暴涨与递表，老兵再度上场 今天是国庆假期的第七天，也是A股休市的第七天。 趁着市场短暂"静音"，我们来聊聊最近小火的一支股票。9月22日，这支老牌锂电材料股迎来了久违的高光时刻。 当天上午，天赐材料接连抛出两条重磅消息：其一，其全资子公司九江天赐与瑞浦兰钧达成合作，签订了一份电解液长期采购协议，涉及电解液总量不少 于 80 万吨；其二，公司正式向港交所递交IPO申请。 双喜临门的消息，瞬间点燃了资本市场的热情。短短几天内，天赐股价一路飙升，盘中一度冲击涨停，股价暴涨超77%，市值超730亿元。 这对于经历了两年利润暴跌、股价腰斩的天赐材料而言，无疑是一场"久旱逢甘霖"。而对天赐的创始人徐金富来说，更像是命运对其创业生涯的第三次垂 青。 从上世纪80年代在广州为"蓝月亮"代工起家，到90年代医药中间体创业折戟，再到2000年代初押注锂电材料，徐金富成为了浙江杭州富阳首富。 他的故事，是中国民营企业家三十年跌宕起伏人生的缩影。而如今，已年过花甲的他再次出征资本市场，带领天赐材料踏上全球化的新征程。 一个做洗发水原料的代工厂，如何变身为全球电解液龙头？天赐材料的故事，远比一份IPO招股书更精彩。 故事要从1987年 ...