Well the good news is it is nearly September.
Traditionally, the "production and sales season" of the Chinese domestic lithium battery industry begins in September.
For the most part, asx Li stocks have performed pretty well during Sept - end of CY over the last few years.
Below is how some of the more recognised Li stocks on the asx have performed over the last 2-3 years:
Column 1 Column 2 Column 3 Column 4 Column 5 0 2015 1 Sep-01 Dec-31 +/- ($) +/- (%) 2 AJM[/B] $ 0.014 $ 0.055 $ 0.041 292.86% 3 GXY $ 0.14 $ 0.60 $ 0.460 328.57% 4 PLS $ 0.12 $ 0.32 $ 0.200 166.67% 5 MIN $ 4.24 $ 4.01 -$ 0.230 -5.42% 6 NMT $ 0.20 $ 0.17 -$ 0.030 -15.00% 7 ORE $ 1.67 $ 2.29 $ 0.620 37.13% 8 EMH $ 0.11 $ 0.18 $ 0.070 66.67% 9 LIT $ 0.06 $ 0.17 $ 0.109 194.64%
Column 1 Column 2 Column 3 Column 4 Column 5 0 2016 1 Sep-01 Dec-31 +/- ($) +/- (%) 2 AJM[/B] $ 0.14 $ 0.135 -$ 0.005 -3.57% 3 GXY $ 2.00 $ 2.625 $ 0.625 31.25% 4 PLS $ 0.555 $ 0.50 -$ 0.055 -9.91% 5 MIN $ 11.30 $ 12.25 $ 0.950 8.41% 6 NMT $ 0.35 $ 0.34 -$ 0.01 -2.86% 7 ORE $ 3.80 $ 4.51 $ 0.710 18.68% 8 EMH $ 0.375 $ 0.61 $ 0.235 62.67% 9 LIT $ 0.195 $ 0.15 -$ 0.050 -25.64% 10 CXO $ 0.033 $ 0.068 $ 0.035 106.06% 11 KDR[/B] $ 0.305 $ 0.59 $ 0.285 93.44% 12 SYA $ 0.024 $ 0.029 $ 0.005 20.83% 13 BGS $ 0.295 $ 0.33 $ 0.04 11.86% 14 AVZ $ 0.01 $ 0.014 $ 0.004 40.00% 15 TAW $ 0.077 $ 0.115 $ 0.038 49.35% 16 GSC $ 0.060 $ 0.066 $ 0.006 10.00% 17 PSC $ 0.048 $ 0.026 -$ 0.022 -45.83% 18 PLL $ 0.036 $ 0.07 $ 0.034 94.44% 19 LTR $ 0.014 $ 0.017 $ 0.003 21.43% 20 LPD $ 0.012 $ 0.010 -$ 0.002 -16.67%
Column 1 Column 2 Column 3 Column 4 Column 5 0 2017 1 Sep-01 Dec-31 +/- ($) +/- (%) 2 AJM[/B] $ 0.165 $ 0.395 $ 0.230 139.39% 3 GXY $ 1.90 $ 3.83 $ 1.93 101.58% 4 PLS $ 0.39 $ 1.115 $ 0.73 189.61% 5 MIN $ 14.83 $ 21.14 $ 6.31 42.55% 6 NMT $ 0.28 $ 0.44 $ 0.16 57.14% 7 ORE $ 3.90 $ 6.94 $ 3.04 77.77% 8 EMH $ 0.76 $ 0.66 -$ 0.10 -13.16% 9 LIT $ 0.115 $ 0.20 $ 0.085 73.91% 10 CXO $ 0.051 $ 0.078 $ 0.027 52.94% 11 KDR[/B] $ 0.715 $ 1.88 $ 1.165 162.94% 12 SYA $ 0.014 $ 0.07 $ 0.056 400.00% 13 BGS $ 0.325 $ 0.755 $ 0.430 132.31% 14 AVZ $ 0.135 $ 0.23 $ 0.095 70.37% 15 TAW $ 0.22 $ 0.46 $ 0.24 109.09% 16 GSC $ 0.225 $ 0.35 $ 0.125 55.56% 17 PSC $ 0.027 $ 0.053 $ 0.026 96.30% 18 PLL $ 0.097 $ 0.20 $ 0.103 106.19% 19 LTR $ 0.009 $ 0.044 $ 0.035 388.89% 20 LPD $ 0.012 $ 0.059 $ 0.047 391.67%
Hopefully the trend continues
Speaking of trends, the reference price for lithium carbonate in the domestic Chinese market has remained the same price for the last 4 consecutive trading days: 83,545 yuan/t. Given that the price has pretty much been falling every day since the 26th of July, hopefully a good sign. Probably still too early to call the bottom though..
I've also been thinking: As reported by metalbulletin, the drop in domestic lithium carbonate prices has in part been a result of the fight for domestic market share, with companies from Qinghai and Tibet offering product from their salt lakes at lower and lower prices in an effort to drive out companies with higher costs... But come November I believe those lakes may start to freeze over...and stay frozen for a good 3-4 months...good news if you ask me
IMO
GLTAH
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