Lithium carbonate futures will be listed soon, and many listed companies are actively preparing for the battle
2023/7/20
Recently, Guangzhou Futures Exchange (referred to as "Guangzhou Futures Exchange") announced the listing and trading hours of lithium carbonate futures and options. Among them, the lithium carbonate futures contract has been listed for trading since July 21, and the lithium carbonate option contract has been listed for trading since July 24.
Subsequently, Zangge Mining issued an announcement stating that the company intends to apply to Guangzhou Futures Exchange for the qualification of designated delivery factory warehouse for lithium carbonate. This application for the designated delivery factory warehouse of lithium carbonate of Guangzhou Futures Exchange will help the company to organically combine the spot market, futures market and delivery factory warehouse, enhance the company's ability to resist risks, and will have a positive impact on the company's subsequent expansion of business channels and increase in economic benefits. positive effects.
In addition, listed companies such as Jiangte Motor and Shengxin Lithium Energy also issued the "Announcement on Applying for the Designated Delivery Factory Warehouse of Lithium Carbonate of Guangzhou Futures Exchange".
A number of companies stated that they will make full use of the characteristics of designated delivery factories for lithium carbonate, and organically combine the spot market, futures market, and delivery factories to further enhance the company's core competitiveness and anti-risk capabilities, and promote the company's healthy development.
Li Ruixue, Secretary of the Board of Directors of Zangge Mining, told reporters that the company will actively pay attention to and take the initiative to understand matters related to lithium carbonate futures and options, and consider choosing an appropriate time to participate in consideration of the company's actual situation, assisting the company's production and operation activities, and improving the company's ability to resist risks and profitability.
The research report of Chuancai Securities stated that the high price of lithium in recent years has had a certain impact on the upstream and downstream industrial chain dredging and enterprise risk control in the industry. Since most companies lack the means to actively manage product price fluctuations, the debut of lithium carbonate futures at this time is particularly important.
"The introduction of lithium carbonate futures and options marks that my country has expanded lithium resources from the spot field to the financial field, highlighting the key position of lithium resources as a national strategic resource, which is conducive to more resources participating in the lithium battery industry and promoting lithium extraction from salt lakes, etc. The upgrading and transformation of process technology will promote the innovation and development of my country's new energy industry." Li Ruixue said that the listing of lithium carbonate futures will help improve the lithium carbonate price mechanism and enhance price transparency; the upstream and downstream of the lithium resource industry chain can use risk hedging, hedging and other methods Suppress fluctuations in spot prices and improve the risk resistance and profitability of upstream and downstream enterprises in the industrial chain.
Li Pan, a lithium industry analyst at the New Energy Division of Shanghai Steel Union, told reporters that companies can use lithium carbonate futures contracts for hedging operations to reduce capital costs and financing risks, thereby promoting the sustainable development of the upstream and downstream of the industrial chain. In addition, enterprises can plan lithium carbonate purchases and sales through the futures market, optimize inventory control, reduce inventory risks and capital occupation, and improve the operational efficiency of the entire industrial chain.
Li Pan believes that the listing of lithium carbonate futures is expected to improve the price transparency of the lithium carbonate market and provide price reference for enterprises to carry out trade activities and spot transactions.
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