SMM: on the evening of October 19th, affected by the news that the National Development and Reform Commission released the work of ensuring coal supply and stabilizing prices and studying the implementation of intervention measures on coal prices in accordance with the law to guide coal prices to return to a reasonable level, the coal plate plummeted, and coking coal and thermal coal quickly fell to the limit after the news was released, and today it has been steadily lying flat on the falling limit all day, without the slightest improvement.
And coal is undoubtedly in sharp contrast to the recent frequent hot search, supply shortage of the power sector. In early trading today, the power sector set off a wave of trading, closing during the day, including Huadian Energy, Guodian Electric Power, etc., including 13 shares. On the news, the National Energy Administration also issued a notice this morning on "actively promoting new energy power generation projects to merge and issue as much as possible," which mentioned that it is necessary to ensure that effective measures should be taken to connect wind power and photovoltaic power generation projects with grid connection conditions. at the same time, it is also necessary to strictly implement the priority power generation system, optimize the system operation mode, and achieve more new energy power generation projects. Further improve the power supply capacity.
At the same time, the lithium electricity plate is also "making a comeback" at a time when the coal sector is plummeting.
The lithium battery index rose all the way after the opening today, rising as much as 1.97% at one point, then pulled back slightly in late trading and finally closed up 1.11%. Rongjie shares, Chuaneng Power, China Baoan, Phoenix Optics and other stocks rose by the daily limit, while Yongtai Technology, Nord shares, Jiangte Motor and other stocks rose more than 8%. On the whole, the lithium battery plate led by lithium mining stocks is very strong.
Guotai Junan Securities had previously predicted that the tight supply and demand of lithium resources may continue until 2022. Recently, due to the influence of power cuts by domestic enterprises, the spot price of electrolytic cobalt has also continued to rise. according to the spot price of SMM, as of October 20, the average spot price of electrolytic cobalt has reached 399000 yuan / ton, up 36500 yuan / ton from the low at the end of August, an increase of 10.1%.
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With the vigorous development of new energy vehicles, "battery shortage" has become an unavoidable problem. Among the upstream raw materials of power batteries, battery-grade lithium carbonate is in short supply. Since the end of August, battery-grade lithium carbonate has risen rapidly with a daily price increase of 3000 yuan / ton. Until the recent downstream limited electricity impact, the willingness to purchase weakened, in an attempt to lower prices, the deepening of the game between the two sides finally slowed down the rise of lithium carbonate.
Even so, considering that there is still a small gap in the lithium carbonate market in the second half of the year, SMM expects the upward trend of lithium carbonate prices to remain unchanged in the future. Therefore, it is not difficult to see that "lithium takes the world" is still the main tone in the field of lithium power, while Rongjie shares of today's trading limit mentioned earlier that the company's current lithium mining capacity is 1.05 million tons / year and mineral processing capacity is 450000 tons / year.
It is worth mentioning that although Yongtai Technology failed to rise by the daily limit at the close, the share price of 70.57 yuan per share touched by its short-term trading limit in midday trading still made it hit an all-time high. According to statistics, since the low point of the year, Yongtai Technology has increased by nearly 800%.
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