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The listing of lithium carbonate futures and options is good for the long-term stability of the industry
2023/7/18
Recently, the China Securities Regulatory Commission has approved the registration of lithium carbonate futures and options at the Guangzhou Futures Exchange. The lithium carbonate futures contract will be listed for trading on July 21, and the lithium carbonate option contract will be listed for trading on July 24.
In the past two or three years, the new energy vehicle market has grown rapidly. The new three products represented by electric passenger vehicles, lithium batteries, and solar batteries have become the backbone of foreign trade exports. At the same time, the demand for energy storage is also constantly released, further activating The demand for lithium carbonate in the industrial chain has been greatly improved. However, the price of lithium carbonate has skyrocketed and plummeted, which has adversely affected the stable development of the industry. It is imminent to guide the orderly and healthy development of the lithium battery industry.
The listing of lithium carbonate futures and options has the following advantages:
First, the introduction of lithium carbonate futures and options will further improve the lithium carbonate price mechanism. Futures and options products can provide price signals and provide decision-making basis for enterprises in production and trading. Moreover, improving price transparency can reduce the hype of individual enterprises.
In 2022, the price of lithium carbonate will rise sharply. In addition to being affected by tense supply and demand factors, the quotations of lithium carbonate platforms are not uniform, and upstream companies or middlemen are hoarding in order to earn more profits, resulting in violent price fluctuations. After the listing of lithium carbonate futures and options, it will help price discovery, stabilize the impact of non-market factors on prices, and promote more standardized industry development.
Second, it provides new tools for participants in the industry chain to manage the risk of market price fluctuations. Enterprises in the entire industry chain can lock in profit margins in advance through hedging to reduce cost risks caused by lithium carbonate price fluctuations.
Third, it can attract more companies that uphold the concept of long-termism to enter the industrial chain, and increase the technological upgrading of all links in the industry. With the steady development of the lithium battery industry chain, enterprises can focus more on R&D and innovation.
All in all, as a key industry in the upstream of new energy vehicles and energy storage, the lithium battery industry has grown from savagery to now has certain advantages in the world, and continuous advancement requires continuous strengthening of technological innovation and cost reduction and efficiency increase. The listing of lithium carbonate futures and options is good for the long-term stability of the industry. It will also further help the high-quality development of the lithium battery industry chain and promote the lithium battery industry chain to become bigger and stronger.
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