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CITIC Securities: Domestic and foreign large storage demand continues to improve, pay attention to manufacturers with high proportion of overseas shipments.
The sustained increase in domestic and international energy storage demand is mainly due to factors such as policy support, cost reduction, new energy regulation demand, and electricity grid construction demand.
GGII: China's energy storage PCS shipment volume in the first half of the year was 24 GW, and it is expected to reach 52 GW for the whole year.
According to research statistics from the GGII Institute of High-Tech Industrialization, the PCS shipment of China's energy storage is expected to reach 24GW in the first half of 2024, with an estimated full-year shipment of 52GW.
Guotou Securities: production and sales volume increased year-on-year, lithium concentrate prices under pressure.
As global lithium mining exploration and production projects are gradually completed and put into operation, the continuous increase in resources has led to stable growth in production and sales of mining companies. However, the continuous decline in sales prices has further boosted sales while dragging down the company's performance.
[Special V] Guo Jiayao: Investors should be cautious, and the index may test the support of 17,000 points.
Jinwu Financial News | The development of the U.S. stock market diverged last week. The three major indexes closed up and down, and the S&P 500 index and the Nasdaq set new historical highs again. The US dollar fluctuated and rose, and the yield on the US ten-year bonds rebounded to 4.28 cents. The gold price experienced a top reversal, and the oil price trend was also weak. Hong Kong pre-funded stocks generally fell, and it is expected that the market will follow the low opening in the early session. The mainland stock market fell yesterday, with the Shanghai Composite Index opening low and closing down 0.9%. The turnover of Shanghai and Shenzhen stock markets continued to be weak. The Hong Kong stock market trend was weak, and the index followed the mainland stock market down, with overall trading volume continuing to shrink. Investors are cautious and watching.
The lithium battery sector generally rose, with Ganfeng Lithium's (01772) up by 7.18%. Soochow Securities predicts that the demand for dynamic and storage batteries will increase by 31% and 23%, respectively, in 2024-2025.
Jingwu Finance | The lithium battery sector generally rose. As of the time of publication, Honbridge (08137) rose 7.88%, Ganfeng Lithium (01772) rose 7.18%, Tianqi Lithium Corporation (09696) rose 2.76%, and Chaowei Power (00951) and Leoch Int'l (00842) followed the trend. On the news front, Soochow Securities released research reports indicating that domestic demand is strong and China is still the most certain market for electric vehicles, with overseas demand expected to accelerate by 2025. Capital expenditures in the main industry chain have begun to decline, and from the second half of 2024, the stronger ones will continue to strengthen, with smaller factories gradually exiting, improving the supply-demand pattern, and the bottom of the industry's big cycle becoming clear.
China International Capital Corporation: Multi-dimensional marginal improvement drives energy storage capacity increase, and global energy storage demand is expected to maintain high growth.
From a short-term perspective, the improvement of the US economy promotes the marginal improvement of the large storage market, and tariff policies may bring a rush of orders. From a medium-term perspective, developments such as the US market's energy transformation, extreme weather, and AI will drive the upward demand for energy storage, and the safety of storage batteries will also receive more attention. Although Chinese enterprises face challenges, there are still good development opportunities.
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