HK Stock Price Fluctuated | Institutions are indicating that there is still an expectation of oversupply in the lithium salt market. Ganfeng Lithium Group (01772) fell nearly 4% and Tianqi Lithium Corporation (09696) fell nearly 3% at one point.

Today, lithium stocks rose and then fell back. As of press time, Ganfeng Lithium Group (01772) fell by 3.07% to 26.85 Hong Kong dollars; Tianqi Lithium Corporation (09696) fell by 2.85% to 39.5 Hong Kong dollars. On the news front, the recent positive news on lithium carbonate demand and environmental production suspension in Jiangxi have led to a rebound in prices. However, Huaxi believes that there is still an expectation of oversupply in the lithium salt market by 2024. With weak terminal demand for lithium salts and excess production capacity, the current situation of supply and demand imbalance is difficult to change in the short term. However, considering that the environmental issues in Yichun have not been fully resolved, it may support a short-term upward trend in lithium prices, but in the long term, it is still expected that lithium prices will continue to decline.