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Home > Latest

The Andeavor Oilfield Services (03337.HK) has canceled 24.21 million repurchased shares.

date
03/06/2025
Translated to China Fortune Finance APP News, An Eastern Oilfield Services (03337.HK) announced that on May 30, 2025, the company cancelled 24.21 million shares that had been repurchased.
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CITIC Securities: Adjust the forecasted operational range of lithium prices for the second half of 2025 to 60,000-70,000 yuan per ton.
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The research report of CITIC Securities pointed out that the decline in lithium prices in the first quarter of 2025 has slowed down, driving a small rebound in overseas lithium mine prices and gradual improvement in the operation of salt lake enterprises on the supply side. Since the second quarter, with lithium prices falling to 60,000 yuan/ton, the industry's loss has significantly increased, and expectations for mine production cuts and price rebound have warmed up. However, the desire to reduce costs and maintain market share has resulted in a slower-than-expected reduction in production halts. It is predicted that lithium prices will enter a difficult bottoming process. We have adjusted our forecast for the price range of lithium in the second half of 2025 to 60,000-70,000 yuan/ton and recommend focusing on low-cost targets that may benefit during the bottoming and rebounding process of lithium prices.
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The 20-year Japanese government bond yield rose by 1 basis point to 2.405%.
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