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Hong Kong stocks move | Lithium prices are falling, lithium companies' operations remain under pressure, GANFENGLITHIUM (01772) and Tianqi Lithium Corporation (09696) both down 4%.
Lithium stocks fell broadly today. As of the time of this report, GANFENGLITHIUM (01772) dropped 4.06%, trading at 19.38 Hong Kong dollars; Tianqi Lithium Corporation (09696) fell 3.85%, at 23.7 Hong Kong dollars.
Hong Kong Stock Market Midday Review | All three major indices fell, with the Tech Index down 0.62%; Autos and toy Concept stocks rose against the trend, with BYD shares up over 3% and Bruker rising over 6%.
Most Network Technology stocks fell, with JD-SW down 3.60% and NTES-S up 1.81%; many Golden Industrial Concept stocks declined, with Chifeng Jilong Gold Mining down 4.02% and TONGGUAN GOLD down 3.82%; Autos stocks rose, with BYD Company up 3.52% and Geely Auto up 2.40%.
On May 15, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data showing that the price of battery-grade lithium carbonate (morning session) rose by 100 yuan compared to the previous day, with an average price of 65,050 yuan/ton.
On May 15, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data showing that the price of battery-grade lithium carbonate (morning session) rose by 100 yuan compared to the previous day, with an average price of 65,050 yuan/ton.
Gelonghui May 14|Shanghai Ganglian E-Commerce Holdings released data showing that the price of Battery-grade lithium carbonate (morning) dropped by 100 yuan compared to the previous day, with an average price of 64,950 yuan/ton.
Gelonghui May 14|Shanghai Ganglian E-Commerce Holdings released data showing that the price of Battery-grade lithium carbonate (morning) dropped by 100 yuan compared to the previous day, with an average price of 64,950 yuan/ton.
Guotai Junan Securities: Significant divergence in various segments of lithium batteries, overall performance is improving.
Overall, there is a clear differentiation in profits across various stages, with the Battery Sector's profit contribution exceeding 90%. There is significant differentiation between first-tier and second-tier manufacturers within each stage, and Industry profits continue to concentrate towards leading firms.
Quick look at the Hong Kong market | All three major Indexes fell, with the Hang Seng Index down 1.87%, ending an 8-day rising streak, Network Technology stocks corrected, with Meituan down nearly 5%; Autos stocks were sluggish, with NIO down over 5%.
Network Technology stocks fell broadly, with MEITUAN-W down 4.91% and KUAISHOU-W down 4.62%; Lithium Battery stocks declined overall, with BYD Electronics down 7.11% and BYD Company down 4.76%; Autos stocks also dropped, with XPeng Inc. down 5.35% and NIO Inc. down 5.17%.