Tiger'sTroveTrek| Lithium carbonate contracts rebound: positions increased by as much as 23,000 tons in May, rebounding or placing short orders again

News summary

Lithium carbonate futures rebounded last week, with the average price of the main contract being 10Tiger'sTroveTrek.6.45 million yuan/ton, market analysis believes that high altitude is imperative and fundamentals lack support. In operation, it is recommended to rebound on rallies and add empty orders.

Newsletter text

[Last Friday, the lithium carbonate futures market showed a rebound trend] Futures market review, the price of the main lithium carbonate contract rebounded to 10Tiger'sTroveTrek.6.45 million yuan per ton, transaction volume increased slightly, and open positions decreased by 12,700 tons.

[Market capital trends reveal short-term trading strategies] Market analysis shows that the maximum increase in positions after May is about 23,000 tons, while the largest increase in positions has been about 17,000 tons in the last two trading days, indicating that funds are withdrawn after profit-taking at low points.

[New energy vehicle market growth support is limited] Data from the China Automobile Association shows that the growth rate of domestic new energy vehicle production and sales exceeded 30% in April, and the cumulative growth rate from January to April was also 30%. However, exports decreased by 8.6% in April. The cumulative export growth rate from January to April was 20.8%, which may be a drag on overseas markets.

[Price recovery and market quotation gap narrowing] As futures prices rise, the difference between lithium carbonate and SMM electricity carbon quotations gradually narrows.

trend forecastTiger'sTroveTrek:[07 Contract Price Range Forecast] The operating range of the 07 contract is expected to be 104,000 - 108,000 yuan per ton. The market is cautious about the sustainability of the rebound.

trading adviceTiger'sTroveTrek:[It is recommended to add short orders when the price rebounds] Consider increasing the number of short orders when the price rebounds, and at the same time sell imaginary call options to optimize trading strategies.

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