On January 20, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) released data showing that the prices of some lithium battery materials rose again. Among them, lithium carbonate increased by 3000 yuan / ton.
In addition, according to the data monitoring of business society, the price of industrial grade and battery grade lithium carbonate continued to rise this week. On January 20, the average price of industrial grade lithium carbonate in East China was 332600 yuan / ton, up 5.72% from the beginning of the week; The average price of battery grade lithium carbonate in East China was 360000 yuan / ton, up 7.14% from the beginning of the week. As of January 20, the comprehensive quotation of industrial grade lithium carbonate market was around 300000-360000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market was around 340000-400000 yuan / ton.
In this regard, the lithium carbonate analyst of business society believes that ” at present, the logistics market may gradually stop, and the upstream shipment volume may gradually decrease, while most manufacturers mainly deal with long-term cooperative customers, and there are bidding sales in terms of traders. It is expected that the short-term lithium carbonate price will continue to operate at a high level. “
lithium carbonate “flash collapse” thrilling follow-up
Earlier, on January 12, the website of Wuxi stainless steel electronic trading center showed that the prices of various lithium carbonate futures fell by more than 11.71%, and the lithium price index fell by 11.77%. This is also the second consecutive day that the lithium price index of the website plummeted, and its lithium price index fell more than 10.5% the previous day.
In view of the above situation, Yu Xiaochun, the legal representative of Wuxi stainless steel electronic trading center, told the “science and Innovation Board daily” that ” on January 10, the price of Wuxi sector was about 30% higher than the market price, which attracted the manufacturers to sell goods. On January 11, it fell 10%; on December 12, the margin was increased, down 12%. after falling 22% in two days, the price of Wuxi sector was still high, which was very reasonable.”
“Wuxi stainless steel network belongs to spot forward trading platform , and its price belongs to the price of spot forward trading. The price of electronic disk is very vulnerable to changes caused by capital inflow and outflow. this change is mainly due to the capital flow of trading platform caused by market rumors.” Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) Qu Yinfei, a lithium analyst of the new energy business department, said to the reporter of the science and Innovation Board daily.
At the same time, according to the analysis of the business community, ” last week, due to the sharp drop in the price of lithium in Wuxi, some enterprises in the market released a little, but under the circumstances of limited inventory and high downstream demand, it had no great impact on the price of lithium carbonate, and the spot price remained high. “
China Lithium futures may be listed
At present, there are five futures exchanges in China, namely, the previous futures exchange, the big business exchange, the Zheng business exchange, the CICC and the Guangzhou futures exchange.
It is worth noting that the “futures” in the spot forward trading platform is not futures in the traditional sense. “This tends to be a forward trading contract derived from the spot market.” Insiders said.
According to incomplete statistics, at present, the institutions that track the quotation of lithium carbonate spot market in China are mainly commodity consulting institutions such as Asia metal network, Shanghai Nonferrous Metals (SMM), Baichuan Yingfu and business society.
” at present, there is no lithium carbonate in China’s futures market. The main reason for the different quotation (on various websites) is that the quotation sources and specifications collected by various spot information companies are different. ” Wang Zhiqiang, a non-ferrous metal analyst of Soochow futures, told the reporter of the science and Innovation Board daily.
The reporter of science and Innovation Board daily noted that at present, the listing of China’s lithium futures has been put on the agenda.
Earlier, on November 18, 2021, Li Zhen, deputy general manager of Guangzhou futures exchange, said at the 12th annual meeting of futures institutional investors that ” the two-year product plan of Guangzhou futures exchange will study and launch relevant varieties serving green development, including carbon emission right futures, power futures and products related to new energy industry, such as industrial silicon and lithium futures. “
the battle for “lithium” continues
As an important raw material of new energy vehicle power battery, lithium carbonate is mainly used to produce lithium iron phosphate and low and medium nickel cathode materials in ternary materials. At present, the market prospect of lithium carbonate is good, but its spot price shows an “irrational” upward trend, which makes the manufacturing end forced to increase the price under pressure.
for battery manufacturers, ensuring the stable supply of raw materials and controlling the cost of raw materials have become the key factors for the company’s capacity and scale expansion. in 2022, the battle for “lithium” continues.
Tianyancha information shows that on January 9, Fengxin Shidai Zhicun new energy materials Co., Ltd. was officially established with a registered capital of 1 billion yuan. It is jointly held by Contemporary Amperex Technology Co.Limited(300750) and Jiangxi Zhicun Lithium Industry Co., Ltd. the joint venture is mainly engaged in the R & D, production and sales of lithium carbonate series products, lithium battery cathode materials and other chemical products.
On January 11, Eve Energy Co.Ltd(300014) announced that the company had signed a strategic cooperation agreement with Sunresin New Materials Co.Ltd Xi’An(300487) to conduct in-depth cooperation in the lithium resource industry chain and actively participate in the development and utilization of lithium resources in Chaka Salt Lake, Jieze, Tibet; Only one day later, on January 12, Eve Energy Co.Ltd(300014) announced that it had successfully auctioned 35.2857% of the equity of Xinghua lithium salt held by Chai Jiantou, and the final transaction price was RMB 144 million. Meanwhile, the company signed the equity transfer agreement with Mr. Zhai Yanhong, the shareholder of Xinghua lithium salt, and transferred 13.7143% equity of Xinghua lithium salt held by Mr. Zhai Yanhong for RMB 56.0158 million.
On January 13, according to the statement sent by the Ministry of mining of Chile via e-mail, Chile gave two of the five lithium mining contracts to Byd Company Limited(002594) Chile Company and serviciosy minerals delnorte. Among them, Byd Company Limited(002594) offered us $61 million (about RMB 388 million) and was granted a quota of 80000 tons of lithium production.
According to the research of Shengang securities, at present, the concentration of lithium resource supply side is high, and the constraints of lithium supply are still. with resource advantages, Australian mines and South American salt lakes have always been the main suppliers in the world, supplying nearly 80% of raw materials. From 2021 to 2023, there will still be stage mismatches in lithium salt, and the price of lithium salt will remain high. After 2023, with the baptism of power battery recycling tide and the maturity of superimposed recycling process, it is expected that the global lithium supply-demand relationship will improve from 2024 to 2025.
According to Peng Songlin, an analyst at Huatai Securities Co.Ltd(601688) , “The price of main raw materials for lithium batteries continues to rise, which brings new demand to upstream minerals on the one hand, and has an impact on downstream enterprises on the other hand. The industrial chain needs the guidance of the competent department. If an industrial alliance with the participation of most power battery enterprises and raw material enterprises can be established to negotiate and control the price within a certain range, the problem of supply-demand balance can be solved to a certain extent. ”
