lithium battery exploded, the two "lithium kings" hit the daily limit, and the market value of catl once rose to over 85 billion
2024-09-27
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on september 27, the lithium battery concept (bk0574) index rose sharply. as of about 10:40 a.m., the index rose more than 4.4% to 2210.51. at the same time, individual stocks in the lithium battery sector set off a daily limit trend, among which jinyang shares, han. rui cobalt and lingpai technology hit their daily limit at "20cm". ganfeng lithium and tianqi lithium, known as the "two lithium kings", both hit their daily limit. in addition to this, shangtai technology, huayou cobalt and rongjie also daily limit.
in addition, stocks such as tengyuan cobalt, tianhua new energy, liwang co., ltd., mengguli, and yiwei lithium energy all rose by more than 10%; catl once rose by nearly 9%, with its market value rising to more than 85 billion yuan.
the explosion of lithium batteries, in addition to factors affecting market sentiment, is also closely related to market expectations that the industry will bottom out and rebound.
recently, minmetals securities issued a research report stating that the price of the lithium battery industry chain has entered the end of the decline, and the price of upstream lithium carbonate has dropped to near the cost line. under the cost-plus model, the price of the lithium battery material industry chain may also be in the bottom range. in addition, industry inventories are at a relatively low level. the industry inventory indicators have fallen from the high point in 2022. after going through the destocking phase, industry inventories are at a relatively low level. clearing on the supply side may continue.
from the perspective of the secondary market, in the short term, the negative feedback on the supply side in the second half of 2024 is expected to continue to consolidate the bottom of the industry. in the long term, it is expected to be the bottom area of this cycle, and the annual level allocation is meaningful, the above-mentioned research report added.
previously, for the entire battery industry, sinolink securities also believed that according to the battery investment clock theory, batteries are a cyclical growth track, and demand growth, production capacity and inventory cycles are the core influencing factors on the fundamentals of the industry chain. from the second quarter of last year to the first quarter of this year, the industry inventory cycle and capacity utilization cycle bottomed out and rebounded respectively. in addition, the export of lithium batteries to overseas markets may become the starting point of a new cycle.
according to the news, the “national team” of power batteries is also entering the market.
on september 25, the state-owned assets supervision and administration commission of the state council held a meeting to promote the professional integration of central enterprises. at the meeting, key projects were signed, including china faw, ordnance equipment group, dongfeng corporation and china chengtong's professional cooperation projects in the power battery field. it is reported that china faw plans to invest and control lishen qingdao, a subsidiary of china chengtong, and ordnance equipment group and dongfeng corporation will participate simultaneously to jointly build a leading state-owned power battery company and promote the new energy vehicle business of central enterprises to accelerate the high-quality development.
(this article comes from china business news)
