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港股异动 | 锂电股延续跌势 赣锋锂业(01772)盘中跌近3% 机构预计明年锂价或跌至10万元/吨以下

Changes in Hong Kong stocks | Lithium battery stocks continued to decline Ganfeng Lithium (01772), falling nearly 3% in the intraday period. Institutions expect lithium prices to fall below 100,000 yuan/ton next year

Zhitong Finance ·  11/29/2023 11:24

Lithium battery stocks continued to decline. As of press release, BYD Electronics (00285) fell 4.47% to HK$25.25; Ganfeng Lithium (01772) fell 2.32% to HK$25.3; and Tianneng Power (00819) fell 1.52% to HK$6.48.

The Zhitong Finance App learned that lithium battery stocks continued to decline. As of press release, BYD Electronics (00285) fell 4.47% to HK$25.25; Ganfeng Lithium (01772) fell 2.32% to HK$25.3; Tianneng Power (00819) fell 1.52% to HK$6.48; China Innovation Airlines (03931) fell 0.77% to HK$18.08; Tianqi Lithium (09696) fell 0.75% to HK$39.7.

According to the news, according to SMM data, on November 28, the price of battery-grade lithium carbonate was 127-140,000 yuan/ton, a decrease of 0.2 million yuan/ton, and the price of industrial grade lithium carbonate was 11.7-130,000 yuan/ton, a decrease of 0.2 million yuan/ton. Huatai Futures believes that the current spot market transaction situation is average. Production and sales of new energy vehicles reached 989,000 units and 956,000 units respectively in October. The growth rate of the terminal consumer market has slowed, downstream battery inventories are still high, the willingness of the industrial chain to reduce costs is increasing, and the willingness to lower prices upward continues. It is expected that the downward cycle will continue.

CITIC Securities pointed out that in the third quarter of 2023, the continued decline in lithium prices triggered South American salt lake lithium companies to lower their operating guidelines. Although the increase in lithium production capacity in South American salt lakes is limited in 2023 due to lower than expected production capacity expansion, it is estimated that the supply of lithium in South American salt lakes will increase by about 80,000 tons in 2024, and the further increase in supply pressure will drive lithium prices to continue to fall. Coupled with the recent increase in the decline in lithium ore prices in Australia and the weakening of cost support logic, lithium prices are expected to fall below 100,000 yuan/ton in 2024.

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