The technology sector fell across the board, with the Shanghai Index losing 3,000 points

The Shanghai Index eventually lost3000The Shanghai Index opened this morning2997Point open, fall below3000Point the big pass, the morning has been around3000The dot was volatile near the point, and by midday the Shanghai index was down0.27%, the Shenzhen Component Index fell0.36%, ChiNext Index and Science and Technology Innovation Board Index fell respectively0.44%and0.41%。

Today, the central bank announced that in order to hedge the impact of factors such as the peak of the tax period and the issuance and payment of government bonds, it will maintain the reasonable and sufficient liquidity of the banking system.10month20The day was carried out by way of interest rate bidding8280billion7Tianjing reverse repurchase operation, winning interest rate1.8%。

重大事件方面，商务部、海关总署发布关于优化调整石墨物项临时出口管制措施的公告，对部分物项实施出口管制。商务部表示，中国作为全球最大的石墨生产国and出口国，长期以来，坚定履行防扩散等国际义务，根occupy维护国家安全and利益需要，依法对特定石墨物项实施出口管制，对部分石墨物项实施临时管制。

板块方面，半导体、消费电子领跌，而新能源车and锂矿以及有色板块反弹幅度较大。

occupySMMstatistics9month碳酸锂产量4.1710,000 tons, month-on-monthdown 7.32%estimate10month产量3.8610,000 tons, continuing to decline month-on-month7.45%At the same time, market inventory dematerialization,9month碳酸锂库存4.8610,000 tons, month-on-month下降12.29%, where lithium salt plant inventory2.9510,000 tons, month-on-month下降31.9%。

On the supply side, Baichuan Yingfu expects lithium carbonate production within the week7632ton, down from last week1.51%。 Production in Qinghai declined slightly due to seasonal factors, but overall construction starts remained high. In the early stage, the price of lithium carbonate fell sharply, resulting in losses for enterprises, and the cost pressure of purchased raw material enterprises was greater, so they chose to stop production and reduce production. At the same time, due to factors such as lithium mining, due to the dual impact of raw material supply and cost, mica end enterprises have significantly reduced production. On the whole, the operating rate of lithium carbonate equipment this week fell from last week.

On the demand side, the demand for lithium carbonate market has recovered this week. Part of the head battery factory10month排产减少，产业链普遍处于去库存的现状。但期货价格上涨及锂盐厂惜售心态增强，下游及贸易商受“买涨不买跌”影响，询价也有所增多，入市采购积极性略有好转。但短期内供需关系仍未转变，行业仍处于供大于求现状。下游采购仍显谨慎，多无批量采购计划，仅保持刚需小单跟进。

资源端，阿根廷、玻利维亚and智利已开启文件草拟，推动建立Lithium OPEC(lithium pecks), thus reaching a "price agreement" in the event of fluctuations in the value of lithium mines.

中信建投分析指出，当前上游锂盐厂亏损减产进而挺价惜售、库存明显去化，低价的工碳库存几乎消化殆尽，终端消费继续环比好转，在锂盐止跌反弹刺激下，或刺激下游备货增加estimate短期锂价继续反弹，建议关注成本低的矿冶一体化企业，推荐资源自给率高、盈利能力强企业。

Here, by integrating moreThe latest research report information of brokerage companies, brought to fans and friends4Company profile, for reference only. 

1, Yongxing materials

The company invested and built through its subsidiary Yongcheng Lithium300Tons of tons/After the project is put into operation, it will significantly improve the company's ore processing capacity and lay a solid foundation for the company's next expansion of lithium salt production capacity. With the increase of the company's lithium salt production capacity, the company's lithium salt shipments are expected to achieve substantial growth, promoting the company's performance growth. (Industrial Securities) 

2, Ganfeng Lithium

The company is a leading enterprise in the lithium industry, with thick resource reserves and the future2-3年内资源and锂盐产能均将迎来大幅增长。公司通过自有矿and锂精矿长协保障了原料供给安全且平抑了成本，公司有能力穿越锂价周期。（海通证券） 

3, Tibet Mining

公司在大股东宝武集团的赋能下，逐步打通相关手续，解决生产要素短缺问题，争取实现项目如期投产。公司针对盐湖资源精细化利用开展新技术研发，与地科院资源所、万华电池and倍杰特联合成立西藏盐湖全产业链开发联合实验室，构建从盐湖资源评估开发到电池制造全产业链综合研究能力。（国盛证券）

4, Tianqi Lithium Industry

The company has the world's highest grade and largest reserves of spodumene production project to achieve lithium resource self-sufficiency100%，成本控制and垂直一体化优势明显，当前公司上游锂资源and下游锂盐产能扩张稳步推进，凭借成本优势公司有望穿越锂价下行周期。（财通证券）

Cover image source: Daily Economic News Photo by Liu Guomei