Lithium industry stocks are performing weakly, Tianqi Lithium Corporation (09696) fell 3.59%, and Ganfeng Lithium (01772) fell 2.85%.
Central China Securities mentioned that in the short term, the prices of main upstream raw materials continued to be under pressure, and prices of battery-grade lithium carbonate, lithium hydroxide, electrolytic cobalt, lithium cobaltate, ternary 523, lithium iron phosphate, and lithium hexafluorophosphate and electrolyte all fell. Considering the industry-related policy expressions, the trends of raw material prices, sector performance, current market valuation level, and future growth prospects of the industry, it is recommended to be cautious in observing the investment opportunities of the sector in the short term, while closely monitoring the trend of the index and market style.
Guomao Futures indicated that overall, the fundamentals of lithium carbonate were oversupplied. Marginally, the supply side slightly reduced production, but still remains at a high level. In August, lithium salt plants reduced production. On the demand side, there was a slight increase in the production of cathode materials and lithium batteries in August, but considering the high downstream raw material inventory, it is expected that the incremental demand for overseas procurement will be limited. In the short term, it is expected that the futures prices will fluctuate, while in the medium and long term, attention should be paid to the production and sales situation of new energy vehicles and the situation of capacity clearance.