Fubo Lithium Carbonate Daily: Lithium Carbonate Converges to the Extreme, Awaiting Directional Choice

Today’s carbon price is reported at 90000 yuan per ton, unchanged from yesterday. The basis has slightly strengthened, with a 1500 yuan per ton discount for the August contract. Market Maker contract LC2411 closed at 94150 yuan per ton, up 0.16% from the previous day’s settlement price. The total open interest is 313,600 lots. 1. On the lithium ore side, the production cost of imported lithium ore is relatively high, making it difficult to profit at the current price level, and contract manufacturing orders have declined. Muscovite has slightly declined, with 2% lithium muscovite quoted at 850 yuan per ton. Some contract manufacturing enterprises have reduced their fees, and market pessimism has put pressure on ore prices. The circulation of high-grade ore is becoming scarcer, while low-grade inventory is accumulating. 2. On the lithium salt side, the market as a whole is in a wait-and-see attitude, with relatively long inquiries in the trade sector but insufficient actual trading volume. The price difference for industrial and battery-grade lithium carbonate is 4000 yuan per ton, with slim processing profits for high-priced industrial carbon, resulting in no buyers. The purchase of new electric carbon is relatively good, with higher quality requirements in a weak market. 3. In the short term, the fundamental contradiction of lithium carbonate is not prominent, but from the implied volatility perspective, there is a demand for energy release on the market. After continuous weak oscillations, it is expected that the volatility will increase.