SMM Aug. 19: after nearly three trading days of decline, the lithium battery concept sector finally ushered in a long-lost outbreak today, affected by the news that lithium salt prices may usher in a new rising cycle. By the close, many stocks such as Yongtai Technology, Changan Automobile, Tibet City Investment and Tianqi Lithium Industry were up by the daily limit, while Rongbai Technology and Ganfeng Lithium Industry were up more than 5%.
Tianfeng Securities previously commented that lithium salt prices have entered the upward channel again since the beginning of August and look forward to the second half of the year, the expansion of upstream supply is relatively slow. As the global production and sales of new energy vehicles continue to improve the large-scale production of superimposed cathode plants, lithium salt prices are expected to usher in a new upward cycle in the second half of the year.
And this situation is also reflected in the spot price. Take battery-grade lithium carbonate as an example, according to the spot quotation of SMM, as of August 19, the average price of domestic battery-grade lithium carbonate was 99500 yuan / ton, up 10500 yuan / ton from the end of July, an increase of 11.8%. Lithium hydroxide, one of the main raw materials for power batteries, is also not willing to lag behind. as of August 19, the average price of battery-grade lithium hydroxide was 114000 yuan / ton, up 15000 yuan / ton or 15.2% from the end of July.
"Click to view the spot price of SMM new energy metals
Of course, this round of rise in August is just the beginning. According to SMM research, the fundamentals of lithium carbonate are still in a tight balance. In the case of manufacturers' hesitation to sell, the supply situation is tight and the price of lithium carbonate is on the rise. As for lithium hydroxide, a few orders have been signed recently, the transaction price of coarse particles has risen to about 115000 yuan / ton, the supply has picked up somewhat in September, and the price upward range is expected to slow down. "View details
Zheshang Securities previously predicted that, considering that it has entered the fast track of increasing demand for power batteries, the shortage of lithium materials is expected to last until the first half of 2022. So in the medium to long term, the future of lithium prices is still worth looking forward to.
Related reading: it skyrocketed by 109.6% this year! The overseas lithium mining giant hinted that it will change the pricing method of lithium concentrate. How will the lithium price go in the future?
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