One week market review
This week, the Shanghai Composite Index fell 1.77% and the Shanghai and Shenzhen 300 index fell 0.94%. The CSI mainland new energy theme index fell 0.02%. This week, the lithium battery sector outperformed the market, with the index rising 0.92%; The performance of the new energy vehicle sector was stronger than the market, with the index rising 0.13%; The performance of charging pile sector was weaker than the market, and the index fell 3.87%; The performance of wind power sector was weaker than that of the market, with the index falling 4.22%; The performance of photovoltaic sector was weaker than that of the market, and the index fell by 3.80%; The performance of the energy storage sector was weaker than the market, and the index fell 1.00%.
The Ministry of industry and information technology and other departments called on the upstream and downstream enterprises of the industrial chain to jointly guide the rational return of lithium salt prices
The Department of raw materials industry and the first Department of equipment industry of the Ministry of industry and information technology, together with the price department of the development and Reform Commission and the price supervision, inspection and Anti Unfair Competition Bureau of the State Administration of market supervision, organized and held a symposium on the operation of lithium industry, a symposium on the price rise of upstream materials of power batteries, China Nonferrous Metals Industry Association, China Automobile Industry Association, China automobile power battery industry innovation alliance and other industry organizations on March 16 and March 17, And relevant principals of key enterprises upstream and downstream of the industrial chain such as lithium resource development, lithium salt production, cathode materials and power batteries attended the meeting. The meeting listened to the production, expansion and sales of key enterprises, analyzed the bottleneck problems faced by the current resource development and expansion of production and supply, and fully exchanged views on the market price formation mechanism of lithium salt products, production and consumption, the impact on the power battery industry, policies and measures to ensure supply and stabilize prices in view of the recent sharp rise in the prices of lithium resources and lithium salt products. 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 continuous rise in the price of raw materials in the upstream of new energy vehicles has a great impact on the enterprises in the middle and downstream of the industrial chain. Recently, we have seen that the price of downstream new energy vehicles has increased to varying degrees, which will affect the purchasing power of consumers. However, due to the government’s continuous focus on upstream lithium resources in the near future, lithium salt may usher in a price inflection point. It is suggested to pay attention to the policies related to lithium resources and the price trend of lithium salt.
Investment suggestion: it is suggested to pay attention to the subject matters related to power cells, photovoltaic modules, inverters, distributed photovoltaic and power station operation.
Risk tip: the price of photovoltaic silicon material fell less than expected; Lithium resource prices continued to rise; Industrial policy adjustment.
