March 18 was not peaceful for lithium salt investors. A lithium salt factory rumored that the quotation of lithium carbonate fell below 500000, and the lithium carbonate futures ushered in the biggest one-day decline since January 22. The Ministry of industry and information technology disclosed that it had held a relevant symposium, which was regarded as “bad clarified” by investors.
On March 18, the Ministry of industry and information technology disclosed that many departments organized and held a symposium on the operation of lithium industry and the price rise of upstream materials of power batteries on March 16 and March 17. The meeting required that upstream and downstream enterprises in the industrial chain should strengthen the connection between supply and demand, work together to form a long-term and stable strategic cooperative relationship, jointly guide the rational return of lithium salt price, strengthen efforts to ensure market supply, and better support the healthy development of strategic emerging industries such as Shanxi Guoxin Energy Corporation Limited(600617) automobile.
The financial Associated Press reporter noted that a securities firm had prompted the time of the above-mentioned Symposium on March 16, or due to news fermentation and market rumors on March 18, the quotation of lithium carbonate of a factory fell below 500000. Wuxi stainless steel lithium carbonate 2204 fell sharply, the lowest in the session fell to nearly 7%, closing down nearly 5%, the largest one-day decline since January 12.
In response to the rumor that the quotation of lithium carbonate of a factory fell below 500000, a person familiar with the matter told the financial associated press that in fact, the acceptance quotation of a factory was 510000 yuan / ton and the telegraphic transfer quotation was 499000 yuan / ton.
Insiders told the financial associated press that lithium carbonate futures fell in the intraday, but the spot price was normal, mainly because there were customers selling goods in the intraday. At present, the upstream and downstream game mood in the industry is serious, but the game is difficult to change the actual relationship between supply and demand. According to the data released by Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) , the average price of battery grade lithium carbonate was reported at 504000 yuan / ton on March 18, which was in a high horizontal trading state.
It is worth noting that the lithium battery industry chain has pointed the rapid rise in lithium salt prices to traders who hoard goods, but at present, there is no too much “surplus” for intermediate traders. In fact, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) new energy division lithium analyst Qu Yinfei told the associated press recently that due to the problem of unit price, traders are at greater risk, and most traders choose to sell back-to-back.
The above-mentioned person said that at present, the main purchasing force in the market is lithium iron phosphate plant, and the mood of taking goods is still positive; Individual enterprises do conflict with the current market price, but they have little impact on the market. In the previous report of the financial Associated Press, it was also pointed out that under the condition of low inventory in mines, lithium salt plants and cathode plants, the current lithium price is the result of the mapping of actual supply and demand.
In less than a year and a half, the price of lithium carbonate has risen by more than 10 times. Under the high price, the market has become a “bird of shock”. For the car enterprises downstream of lithium battery, it is relatively “pragmatic”. After the second price increase of GAC, Byd Company Limited(002594) , Tesla and other car enterprises have entered the state of price increase one after another. Xiaopeng also announced to adjust the price of cars on sale on March 21. Some institutions believe that the first price increase should deal with the decline of subsidies, and the second price increase should deal with the cost pressure.
