Salt Lake Lithium Distillation Distillation Gold Yuan shares rose by the daily limit of more than 6% [SMM Express]

SMM April 7: today's Salt Lake Lithium extraction Index rose near midday, rising more than 1% at one point in intraday trading, driving a number of stocks higher rapidly. Jinyuan shares, one of the hot stocks of Salt Lake Lithium extraction, rose by the daily limit at midday, and Salt Lake shares also rose more than 8% in intraday trading. Near the day's close, the salt lake lithium extraction index pulled back slightly, and finally closed down 0.26%. By the close, Jinyuan shares and Salt Lake shares were up more than 6%, while shares of International General Motors, Zangge Mining and Guannong were up more than 4%.

On the news side, recently, many lithium salt companies have released their performance forecasts for the first quarter of 2022. At present, a number of enterprises have made profits of more than 900 million yuan. Yesterday night, Koda Manufacturing issued a performance forecast saying that the company made a net profit of 900 million yuan in the first quarter of 2022, an increase of about 371.91% over the same period last year. For the reasons for the growth in performance, Koda Manufacturing said that on the one hand, the company's building materials machinery market expanded smoothly, and the output of African building ceramics increased year on year; on the other hand, the price of lithium carbonate market rose, and the net profit of Qinghai Lanke lithium industry, a shareholding company, rose sharply compared with the same period last year.

In fact, in addition to Koda Manufacturing, Yahua Group and Tibet Mining have already released their performance forecasts for the first quarter of 2022. Ya Hua Group expects the company to make a profit of 9-1.2 billion yuan in the first quarter, a year-on-year increase of 10.54-14.38 times. It is reported that the current comprehensive design capacity of lithium salt of Yahua Group is 43000 tons, which is expected to reach more than 100000 tons by 2025.

Tibet Mining expects its first-quarter net profit to remain between 1-150 million yuan, an increase of 398.08% to 647.12% over the same period last year. Among them, the price of lithium salt products continued to rise during the reporting period, and the gradual increase in sales volume was the main reason for its performance growth in the first quarter.

In addition, for example, Ganfeng Lithium Industry and Tianqi Lithium Industry have also mentioned their performance forecasts for January and February 2022. Ganfeng Lithium expects to achieve a net profit of about 1.4 billion of shareholders belonging to listed companies from January to February 2022, an increase of about 300% year-on-year. At present, Ganfeng Lithium Industry has an annual production capacity of 43000 tons of lithium carbonate and 81000 tons / year of lithium hydroxide capacity, power and energy storage battery capacity 3GWh/.

Although Tianqi Lithium Industry did not give specific pre-growth figures, it predicts that the production and sales of lithium concentrate will increase by 39% and 56% from January to February compared with the same period last year, and the operating revenue of lithium concentrate will increase by about 366% compared with the same period last year. Business income from lithium compounds and their derivatives increased by about 492% from the same period last year, and said that the sales prices of the company's main lithium salt products were rising rapidly, and the products were in short supply.

And Shengxin LiNeng, Rongjie shares also revealed in the recent investor research activity table that the company's lithium product market demand is relatively strong, the current production capacity is relatively scarce.

According to the spot price of SMM, the price of lithium salt, led by lithium carbonate and lithium hydroxide, continued to rise in the first two months of 2022. As of March 31, domestic battery-grade lithium carbonate rose from 278000 yuan / ton at the beginning of the year to 502500 yuan / ton, an increase of 80.76%. Battery-grade lithium hydroxide rose from 222500 yuan / ton at the beginning of the year to 491500 yuan / ton on March 31, an increase of 120.9 percent.

"Click to view the spot market of SMM new energy products.

Under the sharp rise in the price of lithium salt, the Ministry of Industry and Information Technology and other parts began to ensure a stable price of supply, coupled with the recent increase in supply, weak performance on the demand side, lithium carbonate prices tend to level off, or even slightly reduced.

Specifically, the latest SMM research shows that lithium carbonate continues to increase on the supply side, while the performance on the demand side is flat, and the downstream maintains a strong game state. Prior to this, traders' prices continued to hit bottom, and some material factories had low-price selling inventory, trading fell low, and prices fell slightly. "Click to view details

Xiangcai Securities previously released a research report that the increase in lithium supply can not keep up with the increase in lithium demand in 2022, the contradiction between supply and demand is difficult to ease, lithium supply tension is expected to run through the whole year, lithium prices will remain high. Benefiting from the high lithium price, the performance of listed companies in the lithium industry is very flexible, and some second-tier companies seize the opportunity to grow and transform. Although the plate rose sharply in the early days, analysts of the agency believe that the market is lack of understanding of the flexibility of the performance of listed companies in the lithium industry and the persistence of high lithium prices for a long time, and there are still investment opportunities in the lithium industry.

Everbright Securities said that in the current environment, battery enterprises are making positive progress downstream, but the price of raw materials increases faster, and most of them adjust their prices monthly. The downstream pricing model and discourse power of battery enterprises will directly affect the timeliness of price transmission. Leading companies can better digest the upstream price increase pressure by combining low-cost long-order inventory and technological progress and scale effect. At the same time, the dominant bargaining power downstream will transmit the pressure of rising prices of raw materials in time. Leading enterprises also smooth price fluctuations through industrial chain layout and inventory, and further highlight supply chain control and cost advantages.