Lithium stocks generally declined today. As of press release, Ganfeng Lithium (01772) fell 4.45% to HK$25.75; Tianqi Lithium (09696) fell more than 3.14% to HK$38.6.
The Zhitong Finance App learned that lithium stocks generally declined today. As of press release, Ganfeng Lithium (01772) fell 4.45% to HK$25.75; Tianqi Lithium (09696) fell more than 3.14% to HK$38.6.
Zheshang Securities released a research report saying that the average price of battery-grade lithium carbonate in the first quarter was 102,000 yuan/ton, -27.71% month-on-month and -73.01% year-on-year; the average price of battery-grade lithium hydroxide was 89,000 yuan/ton, -31.03% month-on-month and -78.96% year-on-year. Analysts said that due to the slump in lithium prices, the company's performance in the first quarter may be under pressure.
HSBC said that unless the industry cuts production further or demand for downstream replenishment becomes more positive, lithium prices will remain at the current level in the first half of this year due to the current oversupply of raw materials. Wang Wenhu, an analyst at Hongyuan Futures, said that current demand is not strong enough, making downstream resistant to high prices, making it difficult for lithium carbonate prices to break through upward.