On September 11, TIANQI LITHIUM fell 3.74% in regular trading, trading at 31.9 HKD/share, with turnover of approximately 31.84 million HKD. The decline was primarily driven by a sharp selloff in lithium carbonate futures.
On the news front, the lithium carbonate futures main contract plunged 4% on the day to 136,200 yuan/ton, breaking below the key 140,000 yuan threshold. The selloff was triggered by a combination of factors: SMM revised its social inventory accounting methodology, resulting in a one-time upward adjustment of approximately 90,000 to 100,000 tonnes, while rumors of downstream production schedule cuts further fueled bearish sentiment. JP Morgan warned that lithium prices face near-term downside risk toward 130,000 to 135,000 yuan/ton, adding that the Jianxiawo lithium mica project restart may take longer than expected.
Within the Specialty Chemicals sector, the overall sector traded lower. Among individual stocks, GANFENG LITHIUM down 5.18%, DONGYUE GROUP down 3.69%, GLOBAL NEW MAT down 2.47%, HUABAO INTL down 1.66%, SANVO CHEMICALS down 0.07%. The sector-wide linkage effect was pronounced, with peer GANFENG LITHIUM also falling over 5%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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