【东吴电新】锂电材料每日价格260226 国产99.5%16.5万/吨，+1.25万/吨，+8.2% 国产主流厂商 17.25万/吨，+1.20万/吨，+7.5% 工业级SMM16.95万/吨，+1.12万/吨，+7.1% 电池级SMM17.3万/吨，+1.12万/吨，+7.0% 工业级百川 17.2万/吨，+1.00万/吨，+6.2% 电池级百川 17.5万/吨，+1.00万/吨，+6.1% 氢氧化锂： 碳酸锂： 国产99.5%16.5万/吨，+1.25万/吨，+8.2% 国产主流厂商 17.25万/吨，+1.20万/吨，+7.5% 工业级SMM16.95万/吨，+1.12万/吨，+7.1% 电池级SMM17.3万/吨，+1.12万/吨，+7.0% 工业级百川 17.2万/吨，+1.00万/吨，+6.2% 电池级百川 17.5万/吨，+1. 【东吴电新】锂电材料每日价格260226 碳酸锂： 磷酸铁锂-动力SMM5.9115万/吨，+0.27万/吨，+4.8% 锰酸锂-动力SMM6.05万/吨，+0.15万/吨，+2.5% 钴： 长江有色市场 44.7万/吨，+0.60万/吨，+1.4% 金属钴百川 43. ...

碳酸锂日报 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2605 涨 3.47%至 173660 元/吨。现货价格方面，电池级碳酸锂平均价上涨 11250 元 /吨至 173000 元/吨，工业级碳酸锂平均价上涨 11250 元/吨至 169500 元/吨，电池级氢氧化锂（粗 颗粒）上涨 10000 元/吨至 163000 元/吨。仓单方面，昨日仓单库存减少 74 吨至 38451 吨。 2. 供给端，2 月 12 至 26 日，碳酸锂产量环比增加 1638 吨至 21822 吨，其中锂辉石提锂环比增加 1460 吨至 13484 吨，锂云母提锂环比减少 150 吨至 2812 吨，盐湖提锂环比增加 250 吨至 3290 吨，回收 提锂环比增加 78 吨至 2236 吨；2 月碳酸锂产量预计环比下降 16.3%至 81930 吨，各原料提锂均有下 降。需求端，2 月三元材料排产环比下降 14.6%至 69250 吨，磷酸铁锂环比下降 10.7%至 354000 吨。 库存端，周度碳酸锂社会库存环比减少 2839 吨至 100093 吨，其中下游环比减少 ...

免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。本报告不构成个人投资建 议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发， 需注明出处为瑞 达研究瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 碳酸锂产业日报 2026/2/26 | 项目类别 | 数据指标 最新 | 最新 | 环比 数据指标 | | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 173,660.00 | +7180.00↑ 前20名净持仓（日，手） | -122,284.00 | -2902.00↓ | | 期货市场 | 主力合约持仓量（日，手） | 375,204.00 | -1833.00↓ 近远月合约价差（日，元/吨） | -3,280.00 | -120.00↓ | | | 广期所仓单（日，手/吨） | 38,451.00 | ...

碳酸锂日报 碳酸锂日报（2026 年 2 月 25 日） 一、研究观点 点 评 请务必阅读正文之后的免责条款部分 EVERBRIGHT FUTURES 1 1. 昨日碳酸锂期货 2605 涨 10.56%至 164120 元/吨。现货价格方面，电池级碳酸锂平均价上涨 8250 元 /吨至 152000 元/吨，工业级碳酸锂平均价上涨 8250 元/吨至 148500 元/吨，电池级氢氧化锂（粗颗 粒）上涨 7000 元/吨至 144500 元/吨。仓单方面，昨日仓单库存增加 96 吨至 38855 吨。 2. 消息面，2026 年 2 月 19 日，受市场回暖推动，PLS 宣布将于今年 7 月重启西澳 Pilgangoora 的 Ngungaju 锂矿工厂(年产能约 20 万吨)，目前已全面启动为期约四个月的复产准备工作；美国媒体报道称美国 政府正考虑以"国家安全"为由，对约六个行业加征新一轮关税，知情人士称，拟议关税可能涵盖大 型电池、铸铁及铁制配件、塑料管道、工业化学品以及电网和电信设备等行业。 3. 供给端，2 月碳酸锂产量预计环比下降 16.3%至 81930 吨，各原料提锂均有下降。需求端，2 月三 ...

瑞达期货研究院 「2026.02.13」 碳酸锂市场周报 长假将至供需双减，锂价或将震荡运行 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 业务咨询 添加客服 关 注 我 们 获 取 更 多 资 讯 目录 1、周度要点小结 2、期现市场 3、产业情况 行情回顾：碳酸锂主力周线震荡走强，涨跌幅为14.84%，振幅15.06%。截止本周主力合约收盘报价152640元/吨。 后市展望：宏观方面，国家统计局公布数据显示，1月份，我国CPI环比上涨0.2%，同比上涨0.2%，核心CPI同比上 涨0.8%；PPI环比上涨0.4%，连续4个月上涨，涨幅比上月扩大0.2个百分点，同比则下降1.4%，降幅比上月收窄0.5 个百分点。基本面原料端，锂矿价格随锂价区间波动，矿商出货意愿较强，但冶炼厂由于备货较为充足，态度偏谨慎 观望。供给端，上游冶炼厂因春节长假来临而生产产能有所减弱，加之物流停运，国内供给量逐步收减。需求端，由 于假期放假原因，加之前期锂价回落时节前采买备货基本已完成，现货市场成交较为零星，逐步清淡。整体来看，碳 酸锂基本面或将处于供需双减的局面，产业库存逐步下降 ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View - The supply of lithium carbonate is a combination of domestic production cuts and overseas pulse shipments. The short - term price is suppressed, but the long - term supply - demand pattern remains unchanged [3]. - The demand shows a structural differentiation and is under pressure during the off - season. The power battery demand declines, while the energy storage demand is a bright spot but cannot fully offset the decline in the power battery segment. The long - term demand for new energy vehicles remains resilient [4]. - The de - stocking of the industrial chain continues, and the low inventory provides bottom support for prices. The cost structure differentiation limits the downward price space, and enterprises generally hold a reluctant - to - sell attitude [5]. 3. Summary by Related Catalogs Ore and Lithium Prices - The report presents charts of lithium mica price changes, lithium carbonate futures main contract price, domestic 99.5% electric lithium carbonate price, lithium hydroxide price, lithium carbonate basis, and lithium hydroxide - lithium carbonate price difference [8]. Cathode & Ternary Materials - It includes charts of manganese - acid lithium price, domestic iron phosphate lithium price, cobalt - acid lithium average price, ternary precursor price, and ternary material price [10][14]. Other Relevant Data of Lithium Carbonate Futures - The report shows charts of the change in the main contract trading volume, the change in the main contract open interest, and the registered warehouse receipt volume of lithium carbonate [16][17].

经济观察网湘潭电化（002125）控股股东减持可转债，公司回应聚焦主业发展，近期股价出现调整，主 力资金呈净流出状态。 股票近期走势 2026年2月初，公司股价出现调整。例如，2月2日股价下跌2.07%，报13.72元/股，主力资金净流出 1056.04万元；2月5日股价进一步下跌2.84%，报13.55元/股，主力资金净流出2338.82万元。今年以来股 价累计下跌3.11%，近60日跌幅达11.08%。 公司项目推进 2025年12月29日，公司第九届董事会第十一次会议以通讯方式召开，审议了《关于募集资金投资项目延 期的议案》等文件，涉及项目进度调整。 行业政策现状 工信部于2025年12月提出鼓励光伏、风电、锂电池等优势企业"走出去"的政策，湘潭电化的锰酸锂、固 态电池材料等业务与政策方向契合，可能受益于海外需求增长和技术合作机遇。 高管变动 2025年12月25日至2026年1月5日，公司控股股东湘潭电化集团有限公司通过大宗交易减持可转债52万 张，占发行总量的10.68%，导致其合并权益比例由42.23%下降至41.47%。本次权益变动不触及要约收 购，且不会导致控股股东或实际控制人变更。 公司状况 ...

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - On February 9, 2026, the lithium carbonate futures 2605 rose 3.55% to 137,000 yuan/ton. The average price of battery-grade lithium carbonate increased by 1,000 yuan/ton to 135,500 yuan/ton, and the average price of industrial-grade lithium carbonate increased by 1,000 yuan/ton to 132,000 yuan/ton. The battery-grade lithium hydroxide (coarse particles) rose 500 yuan/ton to 133,000 yuan/ton. The warehouse receipt inventory increased by 820 tons to 34,597 tons [2]. - In terms of supply, the weekly production decreased by 825 tons to 20,744 tons. In February, the production schedule of battery-grade lithium carbonate decreased by 17.6% to 58,835 tons, and that of industrial-grade lithium carbonate decreased by 12.7% to 23,095 tons. On the demand side, the production schedule of ternary materials in February decreased by 14.6% to 69,250 tons, and that of lithium iron phosphate decreased by 10.7% to 354,000 tons. In terms of inventory, the weekly social inventory of lithium carbonate decreased by 2,019 tons to 105,463 tons [2]. - Affected by market sentiment, the previous lithium carbonate futures prices dropped sharply. If the price runs strongly in the short term, actual purchases may turn cold, dragging down the price. The shipment data from Chile in January increased significantly month-on-month, but it was due to the Spring Festival factor, and the quantity is unsustainable. The significant supply pressure on China may be reflected after the Spring Festival. After the festival, the continuous decline in inventory levels may become a significant bullish support. Rationally, there is a lack of more definite bullish boosts in the short-term market, and market sentiment is also chaotic. It is more advisable to pay attention to trading opportunities after the volatility decreases [2]. Group 3: Summary According to Relevant Catalogs 2. Daily Data Monitoring - Futures: The closing price of the main contract was 137,000 yuan/ton, up 4,080 yuan from February 6; the closing price of the continuous contract was 136,340 yuan/ton, up 8,740 yuan [4]. - Lithium ore: The price of lithium spodumene concentrate (6%, CIF China) was 1,897 US dollars/ton, up 17 US dollars; the prices of lithium mica and phospho-lithium-aluminum stone remained unchanged [4]. - Lithium carbonate and lithium hydroxide: The prices of battery-grade and industrial-grade lithium carbonate increased by 1,000 yuan/ton, and the prices of various types of lithium hydroxide increased by 500 yuan/ton, except for the unchanged price of battery-grade lithium hydroxide (CIF China, Japan, and South Korea) [4]. - Lithium hexafluorophosphate: The price was 125,000 yuan/ton, down 1,000 yuan [4]. - Price spreads: The price spread between battery-grade and industrial-grade lithium carbonate remained unchanged; the price spread between battery-grade lithium hydroxide and battery-grade lithium carbonate decreased by 500 yuan/ton; other price spreads also changed to varying degrees [4]. - Precursor and cathode materials: The prices of most precursor and cathode materials remained unchanged, while the prices of some ternary materials and lithium iron phosphate increased slightly [4]. - Batteries: The prices of most batteries remained unchanged, while the price of the 523 cylindrical ternary battery increased by 0.1 yuan [4]. 3. Chart Analysis - Ore prices: Charts show the price trends of lithium spodumene concentrate, lithium mica, and phospho-lithium-aluminum stone from 2024 to 2026 [5][8]. - Lithium and lithium salt prices: Charts display the price trends of metal lithium, battery-grade and industrial-grade lithium carbonate, battery-grade and industrial-grade lithium hydroxide, and lithium hexafluorophosphate from 2024 to 2026 [11][13][17]. - Price spreads: Charts present the price spreads between battery-grade lithium hydroxide and battery-grade lithium carbonate, battery-grade and industrial-grade lithium carbonate, etc., from 2024 to 2026 [19][21]. - Precursor and cathode materials: Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, manganese acid lithium, and cobalt acid lithium from 2024 to 2026 [26][28][30]. - Lithium battery prices: Charts display the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2026 [32][35]. - Inventory: Charts show the inventory trends of downstream, smelters, and other links from June 19, 2025, to February 5, 2026 [37][40]. - Production cost: The chart shows the production profit trends of lithium carbonate from different raw materials from 2024 to February 2026 [41].

Price Movement - The main contract for lithium carbonate experienced a weak performance this week, opening at 146,000 CNY/ton and closing at 132,920 CNY/ton, a weekly decline of 10.31% [2][7] - The price drop is driven by relaxed supply-demand expectations, reduced pre-holiday demand, tightening regulations and funding, and negative macro sentiment [2][7] - The market is characterized by an "upstream reluctance to sell and downstream low-price procurement" dynamic, with upstream lithium salt manufacturers showing a strong price support sentiment despite the price drop [2][7] Supply Side - According to SMM statistics, the weekly total production of lithium carbonate was 20,744 tons, down from 21,569 tons the previous week [3][8] - Specific production figures include spodumene at 12,454 tons (down from 13,244 tons), mica at 2,922 tons (up from 2,832 tons), salt lake at 3,130 tons (down from 3,205 tons), and recycling at 3,130 tons (down from 3,205 tons) [3][8] - Nearing the Spring Festival, some lithium salt manufacturers are undergoing maintenance or holiday breaks, which, combined with fewer days in February, impacts actual domestic supply [3][8] Demand Side - Data from Baichuan shows that the production of lithium iron phosphate decreased by 0.91% month-on-month, while ternary materials increased by 2.89% [3][8] - Other materials saw significant fluctuations: lithium cobalt oxide down by 19.81%, manganese lithium up by 14.40%, and lithium hexafluorophosphate down by 16.08% [3][8] - February is traditionally a low-demand season, and while there is optimism for long-term energy storage demand, short-term procurement demand is slowing [3][8] Inventory - Current spot inventory stands at 105,463 tons, a decrease of 2,019 tons from the previous period [4][8] - Smelter inventory is at 18,356 tons (down by 647 tons), while downstream inventory is at 43,657 tons (up by 3,058 tons), and other inventory is at 43,450 tons (down by 4,430 tons) [4][8] Strategy - Given the significant price volatility of lithium carbonate and the approaching Spring Festival, the focus should be on managing position risks, with a recommendation for short-term range trading [9] - If the price retracement is substantial, there may be opportunities to consider buying on dips after the holiday [9]

瑞达期货研究院 「2026.02.06」 碳酸锂市场周报 上游挺价下游低买，锂价博弈震荡运行 期货从业资格号 F03118799 期货投资咨询 从业证书号 Z0022803 取 更 多 资 讯 业务咨询 添加客服 行情回顾：碳酸锂主力周线震荡走弱，涨跌幅为-10.31%，振幅19.38%。截止本周主力合约收盘报价132920元/吨。 后市展望：宏观方面，央行召开2026年信贷市场工作会议：着力支持扩大内需、科技创新、中小微企业等重点领域。 基本面原料端，锂矿价格随锂价回落而有所下滑。供给端，上游在锂价回落期间，挺价惜售，加之临近春节长假其生 产产能有所减弱。需求端，假期将至正逢锂价回落，下游逢低采买意愿增加，以至于现货市场成交热度有所回暖，询 价成交的积极性上升，但随着下游备库的逐步完成预计后续采买需求将有所回落。故整体来看，碳酸锂基本面或由于 长假前夕影响出现供需双弱的局面。 观点总结：轻仓震荡交易，注意交易节奏控制风险。 3 「 期现市场情况」 研究员:陈思嘉 关 注 我 们 获 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」 期价震荡走弱 图1、碳酸锂主力合约收盘及持仓量 图2、 ...